BEIJING: The United States and China looked to set up a safety net for their intensifying rivalry during a visit to Beijing by Secretary of State Antony Blinken, but the trip achieved only general promises and no breakthroughs on hoped-for military talks and flashpoint issues. Both President Xi Jinping, who […]
Day: June 20, 2023
BERLIN: Chancellor Olaf Scholz hosts Premier Li Qiang for talks on Tuesday (Jun 20), seeking to recalibrate cooperation between Germany and China after Berlin branded Beijing a “systemic rival”. Li is on his first trip abroad since he was named premier in March and tasked with shoring up China’s sputtering […]
SINGAPORE: The US dollar rose broadly today and notched a seven-month high against the yen, while the yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months. China today lowered its one-year and five-year loan prime rates (LPR) by 10 basis points, as […]