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Feb 26, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Xi Jinping

Jack Ma's Ant IPO blocked by Chinese government, after probe revealed political beneficiaries
World

Jack Ma's Ant IPO blocked by Chinese government, after probe revealed political beneficiaries

  • Last year, Chinese premier Xi Jinping blocked Ant Group's initial public offering, as it was speculated that the decision was based on Jack Ma's public criticism of Jinping's financial oversight campaign, and that it could add risk to the financial system.
  • A group of well-connected Chinese power players backed the company; including those linked with political families that pose a potential challenge to Jinping's authority.
Updated 17 Feb, 2021 05:05pm
China's Xi calls for greater role for G20 in economic governance
World

China's Xi calls for greater role for G20 in economic governance

  • Xi, making his first appearance at the forum since his vigorous defence of free trade and globalisation in an address in Davos in 2017.
  • We should build an open world economy ... discard discriminatory and exclusionary standards, rules and systems, and take down barriers to trade, investment and technological exchanges.
Published 25 Jan, 2021 08:29pm
China's Xi congratulates North Korea's Kim on new title
World

China's Xi congratulates North Korea's Kim on new title

  • Kim was elected on Sunday, taking over the title from his late father. China is North Korea's largest trade partner and closest ally.
  • Kim told a party congress last week that his five-year economic plan had failed to meet its goals.
Published 11 Jan, 2021 06:24pm
China's Xi, EU leaders to hold call on investment deal
World

China's Xi, EU leaders to hold call on investment deal

  • EU chiefs Ursula von der Leyen and Charles Michel will be joined by German Chancellor Angela Merkel and French President Emmanuel Macron on the call, the EU said.
  • The deal addresses complaints by the EU and US about China’s industrial subsidies and forced technology transfers.
Published 30 Dec, 2020 04:57pm
China's Xi congratulates Biden on US election victory
World

China's Xi congratulates Biden on US election victory

  • Sino-US relations have deteriorated to their worst in decades during incumbent US President's Donald Trump's four years in office.
  • During the election campaign, Biden vowed a tough line on China's expanding influence worldwide and referred to Xi more than once as a "thug" for his human rights practices.
Published 26 Nov, 2020 12:45am