China's cash-strapped local government sector is tapping international debt markets for the first time as Beijing gives the go-ahead to new funding channels for a sector saddled with $2.9tn in debts.
Relations were civil leading up to his inauguration, with President Xi Jinping’s phone call with the incoming president on Jan 17 setting the tone for how Beijing would like to engage.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. TikTok parent ByteDance is asking Chinese staff at its Singapore headquarters to pay tax to their home ...