13 Jul 2017
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The central government is in a pickle. It wants to impose fiscal discipline on local governments without bankrupting them.
One of the newest solutions is to allow local governments to issue special bonds to fund toll roads. A trial program launched yesterday will allow RMB 73 billion of such bon...
April 19, 2024
Policymakers continue to drive forward with efforts to make payments easier for foreigners. The latest: On Monday, the central bank (PBoC), commerce ministry (MofCom), and foreign exchange regulator (SAFE) issued yet another policy on improving payment convenience for foreigners –… Read More »
April 19, 2024
China wants to take its friendship with Indonesia to new heights. On Thursday, top diplomat Wang Yi stopped off in Indonesia, where he held talks with: Outgoing President Joko Widodo (aka Jokowi) President-Elect Prabowo Subianto Foreign Minister Retno Marsudi ICYDK:… Read More »
April 19, 2024
After steel, aluminum, and shipbuilding, is Chinese solar next on the US government’s hit list? On Thursday, Reuters reported that the Biden administration is considering reversing a 2022 policy that allows tariff-free imports of bifacial solar modules – which currently… Read More »