A state takeover work group, which has seized control of Anbang since February last year, has decided to trim the company’s registered capital to 41.5 billion yuan ($6.21 billion) from 61.9 billion … ( read…
Monthly Archives For April 2019
China’s EximBank provides more than $149 bln for Belt and Road projects
BEIJING, April 18 (Reuters) – The Export-Import Bank of China (EximBank) has provided more than 1 trillion yuan ($149 billion) to more than 1,800 “Belt and Road” projects, it said on Thursday. The … (…
Investors are worried about European bank earnings — here is all you need to know
Several analysts have raised concerns over earnings this quarter due to external risks such as low economic growth, uncertainty over U.S.-China trade deal, Brexit and a U-turn on major central bank … ( read original…
Major banks raise China growth forecasts after surprise GDP numbers — some are still cautious
“Our new baseline scenario is that a framework trade deal between the U.S. and China will be reached in (the second quarter) and it will lift most, if not all, existing punitive tariffs,” economists ……
China Borrowing Cost Rises to Four-Year High on Cash Demand
The People’s Bank of China rolled over about half of the funds coming due through one of longer-term policy tools Wednesday, while offering 160 billion yuan ($23.9 billion) of seven-day money via open … (…
China’s Bitcoin Ban, Crypto Endowments, & Arbitrage bots
Considering the cryptocurrency trade’s rampant speculation, fraud, and energy consumption, China has good reason to end crypto mining. Unlike the internet where the Communist party was able to … ( read original story …)
China continues buying and stockpiling crude oil
China appears to have kept the flow of crude into strategic and commercial storage facilities at high levels in the first quarter, even as the price of oil climbed. While China doesn’t release … (…
U.S.-China Tensions May Linger After Trade War, Singapore Says
Tensions between the U.S. and China may linger even as both countries show signs … come in areas addressing the trade deficit and the protection of intellectual property, said Heng, who has spent … (…
Amazon, facing entrenched rivals, says to shut China online store
Amazon bought Chinese online shopping website Joyo.com in 2004 for $75 million, rebranding the business in 2011 as Amazon China. But in a sign of Tmall’s dominance, Amazon opened an online store on … (…
China EV maker Byton says business as usual despite management upheaval
SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Byton, which is facing a management shake-up and questions about funding an expansion, said it has received over 50,000 orders globally for its … ( read original…
China selfie app firm Meitu forays into skincare to counter drop in users
as China’s smartphone market has run out of steam, shrinking nearly 16 percent in 2018. The firm announced a deal in November to outsource manufacturing of the smartphone business to Xiaomi Corp and … (…
Intellectual property cooperation assists Belt and Road construction
Intellectual property (IP) has been among China’s priorities when it implements the Belt and Road Initiative (BRI), given its importance in the cooperation among en-route countries. Asia’s largest … ( read original story …)
China’s economy unexpectedly steadies, growing 6.4 per cent in first quarter
China’s economy grew at a steady 6.4 per cent pace in the … “At home, the huge amount of social financing might ease as the central bank is wary of reigniting property market bubbles, while…
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