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Search resuls for: "China hasn’t"


6 mentions found


Beijing Stages Charm Offensive to Pave Way for Xi Trip
  + stars: | 2023-10-23 | by ( James T. Areddy | ) www.wsj.com   time to read: 1 min
Russian President Vladimir Putin said there would be ‘close foreign policy coordination’ with China during a meeting with Chinese leader Xi Jinping on Wednesday. President Putin’s spokesperson said the two leaders would discuss the Israel-Hamas conflict. Photo: Sergey Guneev/Sputnik/Kremlin Po/ShutterstockChina hasn’t said yet whether its leader, Xi Jinping , will accept President Biden’s invitation to visit the U.S. next month, but Beijing is gearing up an American charm offensive that appears designed to prepare the way for what would be Xi’s first U.S. trip in six-and-a-half years. Xi is expected to dispatch Chinese Foreign Minister Wang Yi this week to Washington for summit-preparation meetings with Secretary of State Antony Blinken , according to people briefed on the plans.
Persons: Vladimir Putin, Xi Jinping, Putin’s, Sergey Guneev, China hasn’t, Biden’s, Xi, Wang Yi, Antony Blinken Locations: China, Israel, U.S, Beijing, American, Washington
China says it hasn't issued any ban on iPhones
  + stars: | 2023-09-13 | by ( Mengchen Zhang | ) edition.cnn.com   time to read: +1 min
Beijing CNN —China hasn’t issued any laws or rules to ban the use of iPhones or any other foreign phone brand, a Chinese government spokesperson said on Wednesday. Bloomberg/Getty ImagesLast week, The Wall Street Journal reported that China had banned the use of iPhones by central government officials, citing unnamed people familiar with the matter. China is the largest foreign market for the company’s products, and Chinese sales represented about a fifth of the company’s total revenue last year. The company doesn’t disclose iPhone sales by country, but analysts at research firm TechInsights estimate that there were more iPhone sales in China than in the United States last quarter. Apple also produces the majority of its iPhones in Chinese factories.
Persons: China hasn’t, , Mao Ning, ” Mao, Apple hasn’t Organizations: Beijing CNN, ” Ministry of Foreign, Apple Inc, Bloomberg, Getty, Street Journal, Apple Locations: Beijing, China, United States
US and China are decoupling, and it is permanent: podcast
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: 1 min
SYDNEY, June 20 (Reuters Breakingviews) - Forget de-risking or containment. In this Exchange podcast, Gavekal research director Chris Beddor explains the political framing of the slogans, unpicks changing trade and financial flows between the world’s two biggest economies and explains why China hasn’t retaliated more. Listen to the podcastFollow @ugalani on TwitterSubscribe to Breakingviews' podcasts, Viewsroom and The Exchange. Editing by Katrina HamlinOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Chris Beddor, China hasn’t, Katrina Hamlin Organizations: SYDNEY, Reuters, Twitter, Thomson Locations: China
Why China Doesn’t Have a Property Tax
  + stars: | 2023-05-10 | by ( Keith Bradsher | ) www.nytimes.com   time to read: +1 min
Across China, many local governments are on the brink of insolvency. Central government bailouts are a possibility to rescue cities from their deep budget problems, but China hasn’t turned to a source of revenue that would be an obvious option in other countries: property taxes. In China, where the government owns the land, localities almost never tax homeowners to support services like schools. Revenue from these land sales has plunged in the past year. That knowledge means officials in Beijing could start a nationwide property tax system.
The Elusive Fix for China’s Budget Crisis
  + stars: | 2023-05-10 | by ( Keith Bradsher | ) www.nytimes.com   time to read: +1 min
Central government bailouts are a possibility to rescue cities from their deep budget problems, but China hasn’t turned to a source of revenue that would be an obvious option in other countries: property taxes. In China, where the government owns the land, localities almost never tax homeowners to support services like schools. Revenue from these land sales has plunged in the past year. Last month, after a decade-long effort that involved 100,000 workers, China’s central government said it had finally figured out who even owns 790 million apartments and other properties. That knowledge means officials in Beijing could start a nationwide property tax system.
Hong Kong/Tokyo CNN Business —A quarter of a century ago, a major financial crisis ripped through Asia, shaking its economies to the core. “I do not expect a repeat of the [1997] Asian Financial Crisis this time,” said Khoon Goh, head of Asia research at ANZ Research. “Importantly, there is not the same build up of foreign denominated debt in recent years, which was one of the triggers of the Asian Financial Crisis,” Goh added. China and Japan have the world’s two biggest foreign exchange reserves, holding $3 trillion and $1.3 trillion respectively. “Asia’s resilience in the face of the current global storm is partly the result of reform that the Asian Financial Crisis prompted,” Neumann from HSBC said.
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