China reportedly monitors what civil servants do outside work as the country rolls out its ambitious social credit system

Some local authorities around China are monitoring government employees’ behavior outside work hours,Bloomberg reported. At least three cities have started assessing public servants’ activities outside of work to determine whether they get promoted, Bloomberg said. This new form of scrutiny comes as China rolls out its ambitioussocial credit system, which aims to track, reward, and punish citizens’ behavior. China’s Communist […]

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The research chief at the world's largest hedge fund unpacks a market that's suddenly opening up to US investors — and why the gold rush is a once-in-a-lifetime opportunity

The opening up of a major international financial market has created an opportunity “that essentially didn’t exist” for US investors, according to Karen Karniol-Tambour, the head of investment research at Bridgewater Associates. “If you believe in diversification, you’re not going to get a lot of opportunities where such a large market opens up,” she told Business Insider. Visit BusinessInsider.com for […]

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China's first quarter growth unexpectedly steadies, but too early to call clear recovery

BEIJING (Reuters) – China’s economy grew at a steady 6.4 percent pace in the first quarter from a year earlier, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. The upbeat readings, which also showed faster growth in retail sales and investment, are likely to add to optimism that China may […]

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Malaysia says revised China deal shows costs were inflated

Malaysian Prime Minister Mahathir Mohamad gestures during a press conference in Putrajaya, Malaysia, Monday, April 15, 2019. Malaysia’s government decided to resume a China-backed rail link project, after the Chinese contractor agreed to cut the construction cost by one-third. (AP Photo/Vincent Thian) Malaysia's prime minister said Monday a Chinese company building a rail link across the Southeast Asian nation will […]

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U.S. Farmers Fear China Deal Will Leave Them Worse Off Than Before Trade War

Some U.S. farm groups fear that President Donald Trump’s terms for easing his trade war with China risk leaving large swaths of American agriculture worse off than before the conflict began. Many producers are alarmed by signs that the administration would accept Chinese purchase target pledges for commodities like soybeans and pork without a promise to lift retaliatory tariffs, said […]

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IMF Cuts Global Growth Forecast On Trade Tensions, Policy Uncertainty

The International Monetary Fund on Tuesday slashed the global growth forecast for this year, citing the trade tensions, weaker business confidence, tighter financial conditions and higher policy uncertainty. The Washington-based global lender cut the growth forecast for this year to 3.3 percent in its latest World Economic Outlook, or WEO, which is released twice a year. In a January update […]

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Morgan Stanley to become top shareholder in China funds venture with stake increase

SHANGHAI/HONG KONG (Reuters) – Morgan Stanley has won an auction to buy an additional 5.5 percent stake in its China mutual funds joint venture, in a deal that will make it the top shareholder of Morgan Stanley Huaxin Fund Management Co. The Wall Street bank, which currently owns 37.4 percent in Shenzhen-based Morgan Stanley Huaxin, won the bid on March […]

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This Is How China Watches and Rates Its Citizens

China’s ambitious plan to assign lifelong scores to citizens based on their behavior has stoked international concern, even as the project remains nascent and numerous hurdles must be overcome before the experiment can be implemented nationwide. In fact, the so-called social credit system is merely an extension of the myriad ways the government already rates its citizens. Here’s a breakdown […]

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The EU and China Rescue a Plan to Present United Front to Trump

Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes. The European Union and China managed to agree on a joint statement for Tuesday’s summit in Brussels, papering over divisions on trade in a bid to present a common front to U.S. President Donald Trump, EU officials said. Diplomats reached an […]

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China Aircraft Leasing says no change to Boeing 737 MAX order

SHANGHAI (Reuters) – China Aircraft Leasing Group Holdings Ltd (CALC) on Tuesday said it has not put its order for 100 Boeing Co 737 MAX jets on hold, rebutting an earlier report by the South China Morning Post (SCMP) newspaper. The SCMP attributed its information to comments from CALC Chairman Chen Shuang. The Hong Kong-listed lessor said Chen was misquoted. […]

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