China policy and markets round-up: Beijing sanctions former Trump officials, PBoC tightens grip on non-bank payment market, profit growth slows at central SOEs

Beijing skyline_adobe_575px_20Oct20
By Addison Gong
22 Jan 2021

In this round-up, China imposes sanctions on 28 US government officials who were part of the Donald Trump administration, the central bank increases oversight of non-bank payment firms, and profit growth at central government-owned enterprises suffers from the Covid-19 pandemic.

China’s Ministry of Foreign Affairs announced sanctions on 28 US government officials of the Trump administration for being “primarily responsible for seriously violating China’s sovereignty” in China-related issues. These included former secretary of state Mike Pompeo, former trade adviser Peter Navarro and former national security adviser Robert O’Brien. ...

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