The Legislative Yuan in 2019 called for a reassessment of the project, but the ministry recently said the project was financially unpromising, despite the government being more than capable of ...

The central government should take on at least 20 trillion yuan (S$3.7 trillion) worth of local sovereign debt, David Li Daokui, an economics professor at Tsinghua University and a regular adviser on ...

The People’s Bank of China has drained cash through open market operations most days this month, supporting the yuan by making it more scarce. But that has had unintended consequences ...