3 h. ago China investigates former stocks regulator Yi Huiman for disciplinary breaches

Yi Huiman, the former regulator of China’s equities market, is being investigated for disciplinary breaches, as the country’s long-standing anti-graft campaign extends into all corners of the financial industry, from banking to the stock market. Yi, the chairman of the China Securities Regulatory Commission (CSRC) from January 2019 to February 2024, is being investigated by the Communist Party’s disciplinary unit for severe breaches of discipline, according to the Central Commission for...

Events

4 h. ago China’s yuan rallies with central bank backing as worries mount over US dollar

A recent rally in China’s yuan has been primarily fuelled by stronger guidance from its central bank rather than by market forces, analysts said, pointing to a mostly steady US dollar index. However, they noted, this period of strengthening is likely to remain measured, as Beijing prefers to avoid harming the competitiveness of its exporters amid trade tensions with the United States. Over just five trading days last week, the People’s Bank of China pushed the yuan’s reference rate against the...

Politics

5 h. ago Young Chinese are trying out the simple life. Am I missing out?

When my friend Lee first lost his job in 2023, he was terrified. From the moment he graduated in 2016, he had been working nonstop. He had changed jobs a couple of times, but always had a choice – he had never been kicked out of the job market like this. Lee worked in the traditional publishing business, editing children’s books. The industry has been tanking, with the rise of digital books, and the post-pandemic slump doesn’t help. He was laid off with half of his colleagues, with a small...

Events

6 h. ago This Week in Review | Tariffs, Russia–China–India, Bond Markets

This Week in Review | Tariffs, Russia–China–India, Bond Markets  Fisher Investments

Economics

8 h. ago China’s multipolar ambition is making the US sit up and fire back

At the Shanghai Cooperation Organisation (SCO) summit in Tianjin this week, the choreography was striking. Chinese President Xi Jinping, flanked by Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, unveiled proposals for a development bank, expanded BeiDou satellite services, and cooperation in green technology, artificial intelligence and infrastructure. The message was unmistakable: the SCO is no longer just a security forum. It is evolving into a platform offering...

Economics

8 h. ago China’s biotech industry is gaining on the US. Can tariffs hold them back?

In the summer of 2015, a time when China’s pharmaceutical market was in a phase of rapid expansion, a sudden regulatory change sent tremors through the industry: drug companies would need to audit the clinical trial data for all pending applications. If withdrawn within a month of the announcement, firms could avoid penalties for submitting flawed applications, but hiding or falsifying data would court severe punishments, including multi-year filing bans. The response from the industry indicated...

Economics

9 h. ago Trump suggests India is moving towards ‘deepest, darkest’ China orbit

Trump suggested on Friday that India is drifting towards China’s orbit, even as his assertive tariffs and public rebukes have tested ties with New Delhi. Aides are warning that India could soon regret its stance and even face new curbs. “Looks like we’ve lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together,” the “America first” president wrote on social media. His remarks were posted alongside a photo of Indian Prime Minister Narendra Modi,...

Politics

12 h. ago Why India’s Modi skipped Xi’s military extravanganza in China: Analysis

Why India’s Modi skipped Xi’s military extravanganza in China: Analysis  Breaking Defense

Events

13 h. ago Texas law curbing Chinese property rights takes effect, no relief in sight for months

A Texas law restricting property ownership and leasing by Chinese citizens came into effect this week, thrusting affected residents into legal limbo with no path to relief before November. The law, which restricts real estate purchases by companies, individuals and government entities linked to countries that the federal government deems a threat to the US, took effect on September 1 after a legal challenge failed to block it in time. The legislation identifies China, Iran, North Korea and...

Society

13 h. ago Trump says U.S. 'lost' Russia, India to 'deepest, darkest, China' after 3 leaders met at Chinese summit

Trump says U.S. 'lost' Russia, India to 'deepest, darkest, China' after 3 leaders met at Chinese summit  Spectrum News

Politics

15 h. ago Looks like we have lost India and Russia to deepest, darkest China: Trump

Looks like we have lost India and Russia to deepest, darkest China: Trump  The Indian Express

Politics

16 h. ago Wall Street climbs to new highs on hopes of interest rate cuts

US stocks are rising to more records on expectations that the Federal Reserve will have to cut interest rates soon to help the economy. The S&P 500 climbed 0.4 per cent on Friday. The Dow Jones Industrial Average added 93 points, and the Nasdaq composite gained 0.7 per cent. The action was much stronger in the bond market, where Treasury yields tumbled following the latest weaker-than-expected update on the US job market. That raised expectations for a cut to rates by the Fed later this month....

Politics

16 h. ago US stocks wobble as Wall Street wrangles with whether job market is too weak

US stocks wobbled lower on Friday as Wall Street questioned whether the US job market has slowed by just enough to get the Federal Reserve to cut interest rates to help the economy, or by so much that a downturn may be on the way. After rising to an early gain, the S&P 500 erased it and fell 0.3 per cent below the all-time high it set the day before. The Dow Jones Industrial Average dropped 220 points, or 0.5 per cent, after swinging between an early gain of nearly 150 points and a loss of 400....

Politics

17 h. ago Hiring stalls as US firms hold back expansion amid economic uncertainty

US employers added just 22,000 jobs last month as the labour market continued to cool under uncertainty over President Donald Trump’s economic policies. The Labor Department said on Friday that hiring decelerated from 79,000 in July and came in below the roughly 80,000 economists had expected for August. The unemployment rate ticked up to 4.3 per cent, also worse than expected and the highest level since 2021, the Labor Department reported on Friday. When the department put out a disappointing...

Economics

17 h. ago Trump: ‘Looks like we’ve lost India and Russia to deepest, darkest China’

Trump: ‘Looks like we’ve lost India and Russia to deepest, darkest China’  The Hill

Politics

17 h. ago Beijing’s power display spells danger | Red Hot Takes (Video)

Beijing’s power display spells danger | Red Hot Takes (Video)  New York Post

Politics

18 h. ago 'Lost India and Russia to China': Trump sounds alarm over India, Russia ties with China

'Lost India and Russia to China': Trump sounds alarm over India, Russia ties with China  Anadolu Ajansı

Politics

18 h. ago Taiwan holds back on penalties for Victory Day parade supporters

Taipei authorities have taken a softer line on Taiwanese individuals attending Beijing’s Victory Day military parade this week, despite repeated warnings in the weeks leading up to the event. Former Kuomintang (KMT) chairwoman Hung Hsiu-chu defied the warnings and appeared on the rostrum overlooking Tiananmen Square on Wednesday, watching the parade marking the 80th anniversary of the end of World War II. The next day, Liang Wen-chieh, deputy minister of Taiwan’s Mainland Affairs Council, said...

Politics

18 h. ago Tesla to award Musk an unparalleled $1 trillion depending on performance

Tesla’s board has proposed a US$1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere US$56 billion – continues. The regulatory filing puts Musk on a different plane...

Events

18 h. ago Tesla to award Musk an unparalleled US$1 trillion depending on performance

Tesla’s board has proposed a US$1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse. The world’s richest person has consistently said he needs more of a stake in the company, even as a legal battle over his 2018 pay package – then valued at a mere US$56 billion – continues. The regulatory filing puts Musk on a different plane...

Events