World

Economic interdependence in the Asia-Pacific and beyond has facilitated China’s use of economic statecraft – the manipulation of trade or investment ties for political purposes. Beijing has become more active at using both coercion and inducements in attempts to shape the actions of governments as well as companies. While China’s economic statecraft has altered the strategic calculations for many countries and could have far-reaching implications for the trajectory of great power competition, Chinese influence is not a foregone conclusion. Beijing has encountered considerable pushback and often shot itself in the foot, suggesting that U.S. policymakers need not be overly concerned about undue influence. At the same time, the diffuse lure of economic interdependence remains a powerful d...

The National Financial Regulatory Administration (NFRA) will resolutely follow the spirit of the Central Financial Work Conference, Central Economic Work Conference and the recent two sessions, and carry out regulation using both "teeth and thorns" to ensure that no systemic risks arise, Li Yunze, head of the administration, said on Friday. The NFRA is committed to following the path of financial development with Chinese characteristics, Li said. He said the administration will continue to boost the high-quality development of the financial sector, make significant efforts in financial technology, green finance, inclusive finance, pension finance, and digital finance, and continuously deepen financial reform and opening-up, according to a press release appeared on the NFRA website o...

China's yearslong real-estate debt crisis has already taken down the property giant Evergrande, which is undergoing liquidation. Home sales and prices in the country have also slumped. But China's property crisis could still get worse. "I think, at the moment, there's an assumption in the market that the levels of activity have come down so much that things can't get much worse, but that's not really true," Charlene Chu, a senior analyst at Autonomous Research, told Bloomberg TV on Monday. Chu — who issued warnings about China's debt more than a decade ago — said China was still "very much in the middle of a collapse in the property sector, and this could still get uglier than it already is." Concerns grow over another Chinese real-estate giantChu's assessment of China's pr...