10 h. ago US Senate, passing Trump bill, bars energy tax credits for China

The US Congress is poised to bar companies with ties to China from gaining clean energy tax credits – a move that critics warn could jeopardise dozens of planned projects and freeze investment in a sector already struggling to decouple from the country. After an overnight series of amendment votes, the Senate on Tuesday passed its version of the One Big Beautiful Bill Act – which would also remove the decades-old “de minimis” trade rule that allows low-value packages to avoid duties and rigorous...

Politics

37 h. ago Clean energy stocks fall as Trump bill taxes components from China, phases out credits

Clean energy stocks fall as Trump bill taxes components from China, phases out credits  NBC 7 San Diego

Politics

60 h. ago ‘It’s not Chinese assistance’: Australia accuses China of taking undue credit for aid projects in the Pacific

‘It’s not Chinese assistance’: Australia accuses China of taking undue credit for aid projects in the Pacific  The Guardian

Politics

5 d. ago China Credit ETFs to Almost Double as Funds Rush to Tech Bonds

China Credit ETFs to Almost Double as Funds Rush to Tech Bonds  Bloomberg.com

Politics

1 week ago Chinese university graduate pickpockets to satisfy lust for worldwide travel

A 25-year-old man has been arrested by police in China for stealing multiple wallets full of cash and credit cards to fund his travels around the world. The man, who has been identified only as An, graduated from a top university in Shanghai and works in human resources at a major company in the city. Over the past three years, he has made more than 120 domestic and foreign trips, Shanghai TV reported. The suspicions of police were raised because he earns just 10,000 yuan (US$1,400) a month,...

Politics

2 w. ago China Credit Expansion, New Loans Rose Less Than Expected in May

China Credit Expansion, New Loans Rose Less Than Expected in May  Bloomberg

Politics

2 w. ago As Chinese exporters explore home market, how are letters of credit helping?

After the United States imposed so-called reciprocal tariffs on imports from China in April, Beijing took steps to help Chinese exporters sell their products domestically. In addition to the staging of product promotion events across the country and the offering of fiscal and financial incentives, Beijing also encouraged the increased use of letters of credit (L/Cs) to help such businesses switch focus to the domestic market. What is a domestic letter of credit? A letter of credit, also known as...

Politics

3 w. ago Alongside China’s, Which Social Credit Systems Are Developing?

Alongside China’s, Which Social Credit Systems Are Developing?  CounterPunch.org

Politics