Page 418 - China

Chinese markets set for worst showing versus EM peers since 2004

The MSCI China index has underperformed the MSCI EM (excluding China) index by 28 per cent so far this year

Taiwan applies to join pacific trade deal days after China

The Taiwanese application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership was sent to New Zealand, according to two people familiar with the situation.

China's overseas coal power retreat could wipe out $50 bn of investment

President Xi's announcement could impact 44 projects in Asia, Africa

China Evergrande unit will make onshore bond coupon payments on Sept 23

In a Shenzhen exchange filing, Hengda Real Estate Group Co Ltd said the company would make a coupon payment on its Shenzhen-traded 5.8% September 2025 bond on time on Thursday

AUKUS, born in secrecy, will have implications for Australia, wider region

Dubbed by some as ANZUS 2.0, AUKUS is a trilateral agreement, but one that notably excludes New Zealand

IMF board gets initial briefing on Georgieva role in China rigging scandal

The board agreed to meet again soon for further discussions, an IMF spokesperson said, but gave no specific date.

China, US announce separate big steps to fight climate change

The two biggest economies and largest carbon polluters in the world announced separate financial attacks on climate change Tuesday. Chinese President Xi Jinping said his country will no longer fund coal-fired power plants abroad, surprising the world on climate for the second straight year at the UN General Assembly. That came hours after US President Joe Biden announced a plan to double financial aid to poorer nations to USD11.4 billion by 2024 so those countries could switch to cleaner energy and cope with global warming's worsening impacts. That puts rich nations close to within reach of its long-promised but not realized goal of $100 billion a year in climate help for developing nations. This is an absolutely seminal moment, said Xinyue Ma, an expert on energy development finance at Boston University's Global Development Policy Center. This could provide some momentum going into major climate talks in Glasgow, Scotland, in less than six weeks, experts said. Running up to the ..

China's high-tech push seeks to reassert global factory dominance

TIANJIN, China (Reuters) - At a factory in China's north, workers are busy testing an automated vehicle designed to move bulky items around industrial spaces, one of a new generation of robots Beijing wants to shift the country's manufacturing up the value chain.

China keeps coronavirus at bay ahead of 2022 Beijing Winter Olympics

China's zero tolerance strategy of trying to isolate every case and stop transmission of the coronavirus has kept the country of 1.4 billion people largely free of the disease

Stocks and commodities rebound from China's Evergrande-led selloff

By Lawrence White

Swiss gold exports to India surged to five-month high in August

Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday.

Beijing finds itself cornered by Africa as they cancel China-led projects

China is increasingly finding itself being cornered by African countries on investment-related matters with several of them cancelling their contracts

India facing new war paradigm on borders: Rahul on China's infra ramp up

India is facing a new war paradigm on its borders and ignoring it won't work, Congress leader Rahul Gandhi said on Tuesday, citing a media report on China ramping up its border infrastructure.

Evergrande's woes linked to China crackdown starting with Alibaba

In a more macro way, the firm's woes are bringing to the fore China's wide-scale regulatory crackdown across most of its businesses, starting with technology giant Alibaba

China manipulated EODB rankings, no irregularities found in Indian data

An independent scrutiny by leading US law firm WilmerHale shows China's massive data manipulation to hide slippage in the World Bank Group's Ease of Doing Business (EODB) rankings.At the same time, no irregularities were found in Indian data, the probe shows adding the country remains a preferred, reliable and trustworthy investment destination for the world.Last week, the World Bank decided to discontinue publication of its EODB report following allegations of data irregularities due to pressure by some top bank officials to boost China's ranking in 2017.The report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.Law firm WilmerHale studied 80,000 documents and used extensive interviews to compile its report on 2018 and 2020 EODB rankings.During a sensitive capital raising year of 2017, said WilmerHale, China was able to leverage its clout and pressurise WB top management into reversing their ranking fall which would have

China fear spreads beyond Evergrande crisis, roiling stock markets

At 24,099 points, Hong Kong's broader Hang Seng index closed at its lowest level since Oct '20

Evergrande crisis: Metal index down 6.8% amid fears of lower China demand

Analysts, however, see the fall in iron ore prices a lead indicator and expect steel prices to decline soon

World's richest 500 lose $135 bn as Evergrande concerns spark market rout

Elon Musk led the declines as his world-leading net worth fell $7.2 billion to $198 billion; Jeff Bezos lost $5.6 billion.

World shares jolted by Evergrande crisis as debt payment test looms

Selling pressure persisted in early trade in Asia ahead of a major test for Evergrande this week, which is due to pay $83.5 million in interest relating to its March 2022 bond on Thursday

Market turmoil tests Xi's resolve on Evergrande, real estate crackdown

The resulting market turbulence may add pressure on Chinese leaders to tap the brakes on policy tightening, or at least take steps to limit the fallout