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However, as of December 2014, the People’s Bank of China "started to undo decades of financial repression" and the government now allows Chinese savers to collect up to a 3.3% return on one-year deposits. At China's 1.6% inflation rate, this is a "high real-interest rate compared to other major economies". [1]
Transnational repression conducted by China also escalated since 2014 under Xi Jinping. [ 1 ] In 2024, Amnesty International stated that the PRC is increasingly threatening overseas activists' family members in mainland China with loss of jobs, retirement benefits, and physical freedom in order to gain compliance.
China's three unilateral sanctions programs are separately administered by the Ministry of Foreign Affairs, Ministry of Commerce, and the Taiwan Affairs Office. The Ministry of Foreign Affairs maintains a sanctions list that imposes travel, trade, and financial restrictions against targeted individuals and entities accused of interfering with ...
BEIJING (Reuters) -The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after ...
The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust , have been greatly effected by the property sector crisis due to over lending and a crackdown on regulations.
HONG KONG (Reuters) -Hong Kong's High Court on Tuesday sentenced 45 leading democrats to jail terms of up to 10 years in what critics say is a major blow to the financial hub's rule of law. Under ...
Operation Sky Net, commonly known as Skynet (Simplified Chinese: 天网), is a clandestine operation of the Chinese Ministry of Public Security to apprehend Overseas Chinese it sees as fugitives guilty of financial crimes in mainland China.
The stimulus includes plans to rebuild areas damaged by the 2008 Sichuan earthquake. [1]The 2008–09 Chinese economic stimulus plan (simplified Chinese: 扩大内需十项措施; traditional Chinese: 擴大內需十項措施; pinyin: Kuòdà Nèixū Shíxiàng Cuòshī) was a RMB¥ 4 trillion (US$586 billion) stimulus package aiming to minimize the impact of the Great Recession on the economy ...