China Finance

China weighs in on new economic envoy to US

Beijing plans to replace Deputy Prime Minister Liu He as its chief economic envoy to Washington, officials with knowledge of the matter say, a move that officials in the Biden administration say will indicate the depth of interest in the China for economic cooperation. In this scenario, these officials said, …

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Huarong Risks May Delay Withdrawal Of PBOC Stimulus, Economists Say

(Bloomberg) – The heightened financial stability risks surrounding China Huarong Asset Management Co. could prompt the central bank to proceed more cautiously by reducing its monetary support this year. Speculation of a possible debt restructuring by one of the country’s largest public finance companies recently rocked markets, raising concerns about …

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