China's central bank said on Friday it has suspended treasury bond purchases, triggering a jump in yields and spurring speculation that the move was aimed at defending a falling currency.
The Chancellor Rachel Reeves is travelling to China in a bid to boost trade and economic ties, as she faces pressure over government borrowing costs hitting their highest level in years. The three day-visit has been criticised by some Conservatives who claim she should have cancelled the trip to prioritise dealing with economic issues at home.
China's exports probably expanded at a faster pace in December, suggesting producers raced to move inventory to major markets ahead of U.S. President-elect Donald Trump's return to the White House this month and fresh trade risks.
China's central bank said on Friday it has decided to suspend treasury bond purchases temporarily due to short supply of the bonds, triggering a jump in yields across tenors. The People's Bank of China (PBOC) said in a statement it would resume bond buying depending on supply and demand in the government bond market.
China's bond yields have plunged to all-time lows in recent weeks, drawing parallels to Japan's "lost decades," a long period of economic stagnation.
As China experiences a rise in respiratory infections this winter, one little-known virus has gotten a lot of attention – and some people may worry whether the rise in cases could be felt more broadly around the world.
An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early losers are foreign brands.
It was almost a year before a handful of Chinese AI chatbots received government approval for public release. Some questioned whether China’s stance on censorship might hobble the country’s AI ambitions.
The billions of dollars in spending that an unprecedented lifting of visa requirements could have brought simply hasn’t materialized.
China's leaders are bracing for potential shocks to the economy from higher tariffs once U.S. President-elect Donald Trump takes office.
Singapore tops the Henley Passport Index 2025 with access to 195 destinations, while India's passport drops to 85th, offering visa-free access to 57 countries.