China Will Not Impose Sanctions on Russia for Ukraine Invasion March 2, 2022 By Kevin Yao BEIJING — China will not join in sanctions on Russia that have been led by the West, the country’s banking...
As Economic Costs of Coronavirus Mount, China Accuses U.S. of Overreacting February 3, 2020 By Kevin Yao and Winni Zhou The economic and diplomatic costs of China’s coronavirus epidemic mounted on Monday with investors knocking $400 billion off the value...
China to End Limits on Foreign Ownership in Financial Sector One Year Early July 2, 2019 By Kevin Yao China will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, to...
China Pledges Expanded Market Access for Foreign Investors in Banking, Insurance March 28, 2019 By Kevin Yao and Dominique Patton China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services sector,...
China to Raise Foreign Ownership Limit in Financial Services by Year-End April 11, 2018 By Kevin Yao China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end...
China’s Xi Maintains Commitment to Open Economy, Insurance Industry April 10, 2018 By Kevin Yao and Elias Glenn Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products including...
China Unveils Plans to Allow More Foreign Financial Services Investments December 30, 2016 By Kevin Yao and Engen Tham China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of...
IMF Head Sees Global Economy on Recovery Path, but Risks Remain March 19, 2012 By Nick Edwards and Kevin Yao The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro...
IMF Head Warns World Economy Risks a ‘Lost Decade’ November 9, 2011 By Kevin Yao and Zhou Xin The head of the International Monetary Fund warned on Wednesday that Europe’s debt crisis risked plunging the global economy into...