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China Is Quietly Stepping Up Its Interventions in Markets

(Bloomberg) — China is resorting to increasingly forceful measures to contain risks to the financial system, in moves that threaten to undermine President Xi Jinping’s pledge to give markets greater freedom.Authorities have in recent weeks ordered state firms to curb their overseas commodities exposure, forced domestic banks to hold more foreign currencies, considered a cap…

Joe Biden Worries That China Might Win

In Biden’s view, the United States and other democracies are in a competition with China and other autocracies. This is being exacerbated by a period of rapid technological change that could give China an opportunity to leapfrog the United States in certain areas. Biden regularly invokes his many conversations with Xi Jinping to observe that…

Biden heads to Europe with China on his mind

Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services’ morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.Biden…

The G-7’s Global Tax Deal Faces a China Test

An endeavor by Group of Seven nations to set minimum global tax rates for big companies presents a rare opportunity to satisfy objectives of both the U.S. and China. Still, Beijing’s support for the proposal isn’t a foregone conclusion.The proposals are expected to be on the agenda next month at a ministerial meeting of the…

Philippine president spars with Pacquiao over South China Sea

Philippine President Rodrigo Duterte has stoked a feud with boxer Manny Pacquiao by criticising his “shallow” foreign policy knowledge, after the senator and eight-division champion said he found the leader’s stand on the South China Sea was “lacking”.In a late night interview with SMNI news channel on Tuesday, Duterte said Pacquiao, a senator and close…