Treasury Secretary Janet Yellen says she will “press” her Chinese counterparts to address China’s manufacturing overcapacity for green energy products during her “next visit” to the country. “I am concerned about global spillovers from the excess
News Analysis China will close dozens of financial asset exchanges across the nation in an effort to combat financial risks and illegal fundraising activities imposed by the “pseudo-financial exchanges,” reported Chinese Communist Party (CCP) mouthpiece CCTV.
Commentary Last week, the Chinese currency (yuan) depreciated all of a sudden against the U.S. dollar, following a range of trading at a stable level for two months. There is, of course, a background reason for this, given that many central banks have shown
China’s communist leader Xi Jinping is courting U.S. business leaders in Beijing—the regime’s latest effort to woo back foreign investors amid waning confidence about the world’s second-largest economy. At a meeting hall on the western edge of Tiananmen