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China’s Social Credit System

China central bank sells cash deposits at record low, more easing seen China's Social Credit System

China central bank sells cash deposits at record low, more easing seen

China's central bank sold cash deposits at 2%, the lowest on record, pressured by reductions in deposit rates at commercial lenders and market expectations of more monetary easing. The People's Bank of China (PBOC) sold 60 billion yuan ($8.35 billion) worth of finance ministry one-month deposits 75 basis points lower…
bubmag
July 24, 2023
Dow Jones Newswires: Beijing launches new measures to boost private investment China's Social Credit System

Dow Jones Newswires: Beijing launches new measures to boost private investment

China's top economic planner released a set of new policy guidelines on Monday to support private investment, as part of a drive to rekindle entrepreneurial spirit amid faltering growth. Beijing will look to revitalize private investment and encourage private capital to participate in major national projects, the National Development and…
bubmag
July 24, 2023
Henry Kissinger makes surprise visit to China, meets defense minister China's Social Credit System

Henry Kissinger makes surprise visit to China, meets defense minister

Former secretary of state Henry Kissinger, the 100-year-old who was at the heart of the United States’ rapprochement with China half a century ago, said during a surprise visit to Beijing that the two countries must learn to coexist peacefully and avoid confrontation. Kissinger met Chinese Defense Minister Li Shangfu…
bubmag
July 19, 2023
Eclipsing Russia: China’s green energy expansion into Central Asia China's Social Credit System

Eclipsing Russia: China’s green energy expansion into Central Asia

China dominates the global green energy market as the largest producer of renewable energy. It has a strong presence in sectors like electric vehicles (EVs), energy storage, and smart grids. China’s control over supply chains, including processing capacity and critical technologies, is vital for the green transition. The country’s commitment…
bubmag
July 18, 2023