BEIJING China should focus on stabilizing the yuan and there is no need to raise interest rates, an adviser to the People’s Bank of China said in a media interview published on Monday. “It’s neither…
Monthly Archives For December 2016
China’s Stocks, Bonds, Yuan Slump in Unison on Liquidity Concern
Unease is once again permeating China’s financial markets. The Shanghai Composite Index sank 2.5 percent at the close, the yuan fell toward an eight-year low, while government bonds tumbled, with the one-year sovereign yield rising…
China launches WTO complaint against U.S., EU over dumping rules
China said on Monday it had launched a complaint at the World Trade Organization over the approach used by the United States and European Union to calculate anti-dumping measures against Chinese exports. When China joined…
Trump says U.S. not necessarily bound by 'one China' policy
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said the United States did not necessarily have to stick to its long-standing position that Taiwan is part of “one China,” questioning nearly four decades of policy in…
China launches WTO dispute resolution case against U.S., EU
China said on Monday it had launched a dispute resolution case at the World Trade Organization over the surrogate country approach used by the United States and European Union to calculate anti-dumping measures against Chinese…
China luxury spending makes a comeback
For the past three years a crackdown on corruption and flashy spending badly hurt sales for big name luxury brands in China. But as Tara Joseph reports, a weaker currency and a fresh government nudge…
CHINA WARNS TRUMP: Cooperation is 'out of the question' if One China policy is changed
REUTERS/Shannon Stapleton BEIJING (Reuters) – China expressed “serious concern” on Monday after U.S. President-elect Donald Trump said the United States did not necessarily have to stick to its long-held stance that Taiwan is part of…
Beijing 'seriously concerned' after Trump questions 'one China' policy
Beijing (CNN)China has warned that it’s “seriously concerned” after President-elect Donald Trump questioned whether the United States should keep its long-standing position that Taiwan is part of “one China.” Trump has signaled a willingness to…
China peeved by Trump's latest remarks on relationship with U.S.
China’s comments came a day after Trump said in a Fox News Sunday with Chris Wallace that he didn’t feel “bound by a one-China policy.” Geng Shuang, a spokesman for China’s foreign ministry, said that…
China should target 6.5 percent economic growth in 2017: think tank
“In 2017, China’s economic operations will need to intensify efforts to alleviate deep-seated contradictions and structural problems,” the think tank said, singling out the property market, social capital and regional financial risks as among its…
China stocks tumble the most in six months as regulator slaps curbs on insurers
SHANGHAI (Reuters) – China stocks suffered their biggest fall in six months on Monday as blue-chips were knocked by fresh regulatory curbs to rein in insurers’ aggressive stock investments, while rising bond yields prompted profit-taking…
China powers up military jet engine tech to wean itself off Russian imports
China is ready to launch its new J-11D fighter after it failed to acquire Russian engines on schedule and was forced to develop its own technology, military observers said. The progress included advances in home-grown…
China Minmetals unit raises $2.3 billion for restructuring
SHANGHAI Kingray New Materials Science & Technology (600390.SS), an electric components firm controlled by the world’s largest metals trader, said it had raised 15 billion yuan ($2.17 billion) to use for restructuring. The company controlled…
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