“We will also aid Beijing in becoming the country’s technology innovation center,” Yan said, adding the CSRC will support qualified companies to utilize the S&T innovation board to grow stronger. Wang … ( read original…
Monthly Archives For May 2019
China’s Challenges Pile Up as Factories Slow Amid Trade Standoff
(Bloomberg) — China’s manufacturing sector slowed more than expected and further signs of stress in the labor market appeared, adding to a weakening currency and financial nervousness on the list of … ( read original…
Stop blaming the US-China trade war for everything
The culprit? You guessed it: the trade war. The tussle between the U.S. and China is being blamed for all manner of economic and financial developments. Some of these are only vaguely related to the…
China’s banking, insurance sectors to further open up
Wang Zhaoxing, deputy chairman of the China Banking and Insurance Regulatory Commission (CBIRC), speaks at the Annual Conference of Financial Street Forum 2019 in Beijing. [Photo/Xinhua] China’s … ( read original story …)
Beijing to spearhead opening-up of financial sector
Beijing will continue to develop its financial sector toward a new round of opening-up of China’s financial industry, according to an official attending the Annual Conference of Financial Street Forum … ( read original story…
U.S., China firms scramble as new tariffs hurt business
SHANGHAI/LOS ANGELES (Reuters) – Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines – from chardonnays to zinfandels – out of warehouses in the city’s free … (…
Why Californian wine will soon cost more in Beijing
China is set to hike tariffs on a range of US goods on Saturday, marking the latest strike in the trade war between the world’s two largest economies. Beijing will raise tariffs on $60bn (£47.6bn)…
China factory activity falls contracts in May amid dispute
BEIJING — China’s factory activity fell into contraction territory in May amid an ongoing trade dispute with the U.S. that has seen higher tariffs slapped on Chinese exports. The National Bureau of … ( read…
US ups backing for Ottawa against China over detentions
The pair were detained in late 2018 shortly after Canada arrested Huawei chief financial officer Meng Wanzhou following a US extradition request. China’s actions have been widely viewed as retaliation … ( read original story…
Huawei repatriates US workers from its China base
We don’t know the boundary of the law, we have to be whiter than white,” Mr Dang told the Financial Times in a recent interview. Huawei also spent several days making significant changes to the…
China Rallies Energy Giants as Trade Spat With U.S. Heats Up
(Bloomberg) — China is mobilizing its vast state-run energy industry to prepare for an economic tussle with the U.S. that could escalate further and might last for years. Top oil executives were busy … (…
Canada, U.K. worry about citizens as Hong Kong offers China new extradition powers
China, however, does not tend to take kindly … bill to assuage what the newspaper described as “a nervous business community.” Some 130,000 residents of Hong Kong had taken to the streets … ( read…
Reconsider China investments, Tibetan official urges
“Generally, we are not against any country engaging in diplomatic or business relationships with China,” said Sangay, now in his eighth year in his position. “We always said China should be brought in … (…