BEIJING, CHINA – NOVEMBER 18: A general view of the Ministry of Finance (MOF) on November 18, 2024 in Beijing, China. Visual China Group | Getty Images Beijing’s recent push to tax the offshore wealth of its citizens may be only the opening phase of a broader campaign for income from the holdings of China’s…
08 September 2026, South Korea, Seul: Gilberto Teodoro (right), the Philippine Secretary of Defense, is participating in the Seoul Defense Dialogue. Thomas Maresca | Picture Alliance | Getty Images China-Philippines relations took a fresh hit after Beijing warned Manila to stop “theatrics,” following a top government official’s sharp rebuke to China at a recent defense…
China’s years of stockpiling of crude and subsequent pullback on oil purchases since the Middle East war erupted in late February helped the world avoid a far deeper energy crisis. But that buffer may face a test as Beijing shows signs of resuming purchases, according to economists. “China kind of saved the day,” and helped…
China’s consumer and wholesale inflation rebounded in August, as higher global commodity costs and surging high-tech demand cushioned persistently tepid domestic consumption. The producer price index increased 3.8%, according to data released by the National Bureau of Statistics on Wednesday, exceeding economists’ forecast for a 3.6% gain and outpacing July’s 3.5%, the weakest in three…
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images China’s trade gained pace in August, though…
GUANGZHOU, CHINA – JULY 14: The exterior of an Agricultural Bank of China (ABC) branch building is seen on July 14, 2026, in Guangzhou, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images China’s finance ministry is leading a smaller-than-expected $54 billion capital injection into state-owned banks and insurers, as Beijing seeks…
U.S. Treasury Secretary Scott Bessent speaks during a “fireside chat”, as finance ministers and central bank governors from G20 countries meet in Asheville, North Carolina, U.S., September 1, 2026. Sam Wolfe | Reuters The European Union has formally joined the U.S.-led sanctions campaign against Iran, while South Korea said it’s weighing a military role to…
A Mediterranean Shipping Company (MSC) container ship sails off the southeastern Mediterranean coast of France in Marseille on April 7, 2026. (Photo by Thibaud MORITZ / AFP via Getty Images) Thibaud Moritz | Afp | Getty Images A months-long crisis in the Strait of Hormuz has turned an overlooked corner of the market into one…
KAZAN, RUSSIA – OCTOBER 23: President of China Xi Jinping meets with Iranian President Masoud Pezeshkian (not seen) within the 16th BRICS Summit in Kazan, Russia on October 23, 2024. Iranian Presidency | Anadolu | Getty Images China’s President Xi Jinping gave his Iranian counterpart Masoud Pezeshkian a brief, low-profile audience at a regional security…
SYDNEY, AUSTRALIA – MAY 30: The Sydney Harbour Bridge and skyline is illuminated during Vivid Sydney 2024 on May 30, 2024 in Sydney, Australia. Brendon Thorne | Getty Images News | Getty Images Australia’s economic growth beat expectations in the second quarter, expanding at 2.1% year on year, data released Wednesday showed. Economists polled by…
