China

China recently raised an important parameter in its macro-prudential management to expand cross-border funding sources for companies and financial institutions.The macro-prudential adjustment parameter, a multiplier that decides the upper limit of outstanding cross-border financing available to an institution, was revised from 1.5 to 1.75, according to a joint statement issued by the People's Bank of China and the State Administration of Foreign Exchange. The revision aims at guiding enterprises and financial institutions to optimise their asset-liability structure, a state-controlled media outlet reported. The country will also continue implementing its special campaign to stimulate consumption, actively expand imports and attract foreign investment this year, a national commer...

Chinese officials and ordinary people are hopeful but on edge as Donald Trump returns to the White House, eager to avoid a repeat of the bruising trade war that drove a wedge between the economic superpowers during his first term. Chinese Vice President Han Zheng, in meetings with Tesla CEO Elon Musk and other members of the U.S. business community in Washington ahead of Trump's inauguration, said he hoped U.S. companies would "take root" in China and help to stabilise bilateral relations, the official Xinhua news agency reported. When Trump was last president, he heaped tariffs on more than $300 billion of Chinese imports. In recent months, he has said he would add tariffs of at least 10% on top of what is already imposed on Chinese goods, a move that would hurt ...

Rural China is struggling to establish and sustain adequate medical infrastructure. “High-quality doctors are unwilling to live in rural areas and low-quality ones cannot provide good services”. It is becoming challenging to get medical care in some rural areas of China, a task that will only get more critical in coming years for ageing rural communities, where about 120 million people are already 60 or older. China’s development model is at a crossroads, say health and population experts, with a choice between much higher spending on pensions and healthcare or industrial upgrades and urbanisation, which Beijing sees as key to bolstering growth. The Challenge  At a twice-a-decade meeting of the ruling Communist Party last year, Beijing promised to pursue both. Howe...

Arrest of FTSE 100 pharma group’s country president last year is expected to hit sales Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/7cb45fcd-5a6f-4e2b-9a67-c5a164132883 AstraZeneca has overhauled its local management in China in a bid to move on from recent scandals and revive sales after the arrest of its president in the country.  The FTSE 100 group has appointed new executives to lead its Chinese oncology bus...