BEIJING (Reuters) – China’s financial regulators said on Friday the country’s banking and insurance regulator will take control of Inner Mongolia-based Baoshang Bank due to the serious credit risks it … ( read original story…
Monthly Archives For May 2019
It is Legal to Buy Bitcoin in China Despite a Crypto Ban
The People’s Republic of China has been making headlines in the crypto space for its strict outlook on the crypto ecosystem, especially regarding the blanket on the trading of cryptos. However, … ( read original…
UPDATE 1-Chinese regulator to take over Baoshang Bank due to credit risks
BEIJING, May 24 (Reuters) – China’s central bank said on Friday that the country’s banking and insurance regulator will assume control of Inner Mongolia-based Baoshang Bank due to the serious credit … ( read original…
Chinese Media Attacks Steve Bannon over Huawei Ban, Brands Him an ‘Economic Fascist’
China’s state media has hit back at Steve Bannon—a former senior adviser to President Donald Trump—after the right-wing ideologue came out in support of his former boss’s ban on communications company … ( read original…
China to support airlines seeking compensation from Boeing
BEIJING — China’s airline industry association has thrown its support behind 13 Chinese carriers seeking compensation from Boeing for groundings of the 737 Max 8. The China Air Transport Association … ( read original story…
China financial futures exchange publishes rules on risk reserves
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet. President Donald Trump on Thursday directed the U.S. intelligence … ( read original…
China denounces U.S. ‘rumors’ and ‘lies’ about Huawei ties to Beijing
BEIJING (Reuters) – China on Friday denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China’s Huawei Technologies Co Ltd was lying about his … ( read…
China media accuses U.S. of plot to ‘colonize global business’
BEIJING — China’s state media has unleashed fresh attacks on the U.S. as the tariff war between world’s two largest economies continues. The China Daily newspaper on Friday accused Washington of … ( read original…
China denounces U.S. ‘rumors’ about Huawei ties to Beijing
BEIJING (Reuters) – China on Friday denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China’s Huawei Technologies Co Ltd was lying about … ( read original…
China aluminum magnate Zhang Shiping dies aged 73
BEIJING (Reuters) – Zhang Shiping, who oversaw the rise of China Hongqiao Group into the world’s biggest aluminum producer, died on Thursday at the age of 73, the company said. Zhang … ( read original…
Trump says Huawei dispute could be resolved in trade deal with China
Washington last week effectively banned U.S. firms from doing business with Huawei … Trump predicted a swift end to the trade war with China, although no high-level talks have been scheduled between … ( read…
Apple’s Earnings Risks Due To China Tensions Are Severe
Social media outrage has intensified in China and now targets Apple by name. Companies have started to inform employees not to use US brands. Chinese consumer sentiment could irreversibly change … ( read original story…
Canada-China relations hit ‘rock bottom’ and at ‘freezing point’: Chinese envoy
OTTAWA — China’s ambassador to Canada says the bilateral relationship is now at “rock bottom” compared to any time since diplomatic ties were first established decades ago. In prepared text for a … ( read…
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