SHANGHAI/BEIJING A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global dollar system - a devastating prospect once considered far-fetched but now not impossible.
SHANGHAI Urumqi, the capital of China's far western region of Xinjiang, has gone into "wartime mode" and launched an emergency response plan after the city reported 16 new coronavirus cases on Friday.
SHANGHAI China will maintain ample financial system liquidity in the second half of the year as the economy recovers from the coronavirus but will need to consider withdrawing that support at some point, its central bank governor warned on Thursday.
SHANGHAI/SINGAPORE, June 12 A spike in Chinese
bond yields in an economy battered by the coronavirus pandemic
is stirring expectations authorities want to stifle risky
financial bets and guide cheap funding provided by banks into
the real economy.
SHANGHAI Some Chinese students returning to school after lockdown are grappling with familial conflict while others are stressing over how coronavirus disruptions have affected their academic performance, teachers and school counsellors say.
SHANGHAI/SINGAPORE, June 5 Global banks are
turning bearish on China's yuan and expect it could breach
record lows in coming weeks, posing a threat to the optimism
that has lately pushed world financial markets higher.
SHANGHAI Nightclubs in China have mostly come back to life as owners and customers feel increasingly comfortable the novel coronavirus epidemic is under control, but disinfectant, disposable cups and masks have become part of the experience.
SHANGHAI China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. | Video