China is second only to the United States in the scale of its investment in Australia, with interests in increasingly broad sections of the economy. But while Canberra welcomes overseas investment, there has been opposition to the influx of Chinese money. Recent figures from the finance firm KPMG and the University of Sydney show that … Continue reading
By Jill Malandrino Despite instability in crude oil prices, global production at record highs and Iran coming back on line to produce more oil than analysts expected, China wants to import more crude oil from Nigeria. In an interview with the Nigerian News Agency, Zao LingXiang, economic and commercial counselor of the Chinese Embassy in Nigeria, … Continue reading
By Jeff Desjardins, Visual Capitalist Geographically vast countries such as the United States or Canada have incredible diversity within their borders. Every part of the country appears unique, as the distribution of population, culture, geographical features, natural resources, and regional industries vary from place to place. Think of the differences within the U.S. alone: Silicon Valley is … Continue reading
The world’s second biggest economy will see $700 billion leave the country this year, says Goldman Sachs. However, a currency crisis in China is unlikely to happen soon, according to the bank. Even though capital outflows from China have grown from 2013, the main concern is declining foreign reserves of the People’s Bank of China, … Continue reading
“Chinese investment in Europe and the United States hit a record high in 2015, according to a report released by law firm Baker & McKenzie on Thursday,” Xinhua reports. Just in 2015 China allocated: US$ 23 billion into Europe, US$ 15 billion into America. The top three investment destinations in Europe were: Italy, France, … Continue reading
“The Chinese economy will grow by 32 percent in the next five years, surpassing $791 billion, the country’s government announced,” Sputnik reports. By that time [2020] the total volume of China’s economy will surpass 90 trillion yuan, its quality and development effectiveness will substantially increase, the government said in a Saturday report. According to the government report, … Continue reading
By He Weiping Overnight, Chinese President Xi Jinping gave the strongest indication yet the country will revise down its economic growth goal to 6.5%. The official target will not be known until China releases its highly anticipated 13th five-year plan in March next year, but play has already been made on the idea of the “economic … Continue reading
The Chinese currency has posted its biggest one-day gain against the US dollar in more than 10 years. The yuan surged 0.6 percent on Friday to close at 6.3171 to the dollar. This followed an announcement by the People’s Bank of China (PBOC) that it is considering a trial program in the Shanghai free trade … Continue reading
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar’s dominance. The establishment of CIPS is an important milestone in yuan internationalization, providing the infrastructure that will connect global yuan users through one single … Continue reading
The prospect of a slowdown in China’s economy should have a negative impact of 0.3 percentage points over the Brazilian GDP between 2015 and 2016, according to a study of MCM Consultores, a Brazilian consultancy. According to the report, given the importance acquired by China in global demand, this process has immediate consequences for large … Continue reading