Zheshang and Citic banks to fund investments that it wasn’t supposed to make (Beijing) — Zhang Hui wanted to make it big when he took over the operations of the Industrial and Commercial Bank of…
Monthly Archives For September 2018
China reportedly detained a man for terrorist charges after he set his watch 2 hours behind Beijing time
China detained a man of the Uighur ethnic minority because he set his watch to a different time from Beijing, Human Rights Watch has said in a new report. The unnamed man was arrested for…
Your Monday News Briefing: China, North Korea, Naomi Osaka
The Chinese government has built hundreds of camps where Uighur Muslims are taken in, usually without criminal charges, and subjected to high-pressure indoctrination campaigns, according to detainees … ( read original story …)
China’s Sees More Rapid Digital Financial Transformation Than Any Country – Prof
The Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) wrapped up in Sochi this week. The AFI empowers policymakers to increase access to quality financial services for the poorest popul… ( read original story…
Beijing hopes Wall Street bankers can break Trump trade impasse
… officials have invited the heads of America’s leading financial institutions to attend a “China-US Financial Roundtable” in Beijing on September 16, followed by a meeting with Wang Qishan, vice-pr… ( read original story …)
Deutsche Bank’s Chinese shareholder to sell stake
Germany’s biggest bank, as part of a deal with Beijing to strengthen its finances, a person familiar with HNA’s thinking told Handelsblatt. The news, first reported by the Wall Street Journal … ( read original…
Canadian lobster exporters feel ripple effect of U.S.-China trade war
The United States-China trade war is creating choppy seas for Canada’s lobster exporters. It has led to the dumping of Maine lobster — now priced out of China — in other Asian markets and Europe,…
China’s trade surplus with US hits record $31 billion
BEIJING — China’s trade surplus with the United States widened to a record $31 billion in August as exports surged despite American tariff hikes, potentially adding fuel to President Donald Trump’s ba… ( read original…
China Is Detaining Muslims in Vast Numbers. The Goal: ‘Transformation.’
China has sought for decades to restrict the practice of Islam … according to reports in the state news media last year. In addition to the mass detentions, the authorities have intensified the use ……
Botswana says China agreed to extend loan, cancel debt
GABORONE (Reuters) – China has agreed to extend a loan to Botswana for rail and road infrastructure as well as writing off some debt, Botswana’s President Mokgweetsi Masisi said on Saturday. Speaking … ( read…
Chile central bank chief puts China, copper caveats on rate hike plans
LONDON (Reuters) – Chile’s central bank is wary about the possibility that China’s trade war with the United States and the risk of a sustained fall in copper prices could make raising interest rates ……
Chinese Government’s Top Diplomat Says Beijing Not Saddling Pakistan With Debt
ISLAMABAD — The Chinese government’s top diplomat defended Beijing’s Belt and Road infrastructure initiative during a visit to Pakistan on Saturday, rejecting criticism the project has saddled Pakista… ( read original story …)
China’s record trade surplus with U.S. adds fuel to trade war fire
BEIJING (Reuters) – China’s trade surplus with the United States widened to a record in August even as the country’s export growth slowed slightly, an outcome that could push President Donald Trump to … (…