Alipay is partnering with banks around the world to provide its Chinese customers with seamless service at their preferred tourist destinations, with Italy’s UniCredit Bank following France’s BNP Paribas and Barclays in the UK.
US withdrawal from the TPP was a shock to its top ally in the Pacific, and may push Japan into the trading arms of China.
President Trump’s more aggressive trade stance may backfire, and end up strengthening China rather than the US.
China’s “One Belt, One Road” (OBOR) initiative is the most ambitious overarching infrastructure project to be proposed in the modern era, and it requires ambitious financing.
Using Silk Road bonds as a funding vehicle for the vast capital needs of the One Belt, One Road (OBOR) project appears a handy catchall subsuming devilish details.
U.S. lawmakers are upset with China. Again.
Given that China’s growth is slowing, the decision to replace Finance minister Lou Jiwei with Xiao Jie is controversial—yet not surprising.