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The Costs of Making Inroads
China’s ’new infrastructure’ projects include 5G, data centers and online healthcare, but potential roadblocks abound such as funding sources and local debt repayment
GROUNDED AMBITIONS
As the coronavirus outbreak paralyzes airlines throughout the world, the HNA Group, once one of China’s largest conglomerates, finds itself on the brink of collapse
Economic Contagion
The ongoing health crisis caused by the raging coronavirus epidemic is set to have a lasting impact on China’s economy and beyond
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Central Bank Further Cuts Reserve Requirement
The People’s Bank of China (PBoC) announced on the first day of 2020 that it would reduce the reserve requirement ratio (RRR), the cash amount that financial institutions must hold as reserves at the central bank – excluding financial companies, financial lease companies and automobile finance companies – by 0.5 percent as of January 6, a move analysts estimated would help release more than 800 billion yuan (US$114.3b) on the market.
Making Better Business
Economist Bai Chongen calls on policymakers to allow market players to have more say in improving the business environment to suit modern needs
Betting on the Future
Macao seeks to diversify its economy and take on a new role under the Bay Area Plan as its reliance on the casino industry comes into question