Expectations that it is moving to a more cautious approach have shifted wildly this week after a sudden blowup in the U.S.-China relations. Chinese banks extended 1.02 trillion yuan ($150.16 billion) … ( read original…
Monthly Archives For May 2019
China vows retaliation if Trump raises tariffs
“China deeply regrets that if the U.S. tariff measures are … If talks break down and tariff hikes go ahead, “risks of a financial market collapse, extreme risk aversion and sharp slowdown in global ……
China says it will retaliate if Trump boosts tariffs
BEIJING — China said Thursday it will retaliate if U.S. President … but gave no details of possible penalties. Trump threw global financial markets into turmoil with his surprise threat Sunday to … ( read…
China says it will retaliate if Trump raises tariffs
BEIJING — China said Thursday it will retaliate if President Donald … but gave no details of possible penalties. Trump threw global financial markets into turmoil with his surprise threat Sunday to … ( read…
China warns of ‘countermeasures’ against U.S. products if Trump increases tariffs
BEIJING — China warned Wednesday of retaliation if President Trump … This sudden shift sent Asian financial markets tumbling. Wall Street also has taken a hit. But U.S. investors Wednesday were more … ( read…
China banks temper April lending as debt worries rise, but all eyes on U.S. trade threat
While China’s April lending levels have tended … with piles of debt – a legacy of massive stimulus during the global financial crisis in 2008-09 and subsequent downturns. ( read original story …)
China’s gargantuan money market fund is a sign of strength—and deep imbalances
When Ant Financial added a money market fund to its payment app, few people expected it to become the biggest in the world a couple of years later. Its runaway success is a sign of…
Ant Financial rolls out ‘mutual aid’ plan for seniors on Xiang Hu Bao platform
Ant Financial has launched a new cancer-focused health plan on mutual aid platform Xiang Hu Bao to serve the growing number of senior citizens in China. According to the company, the product hopes to ……
US Commission to vote on proposal to ban China Mobile from entering American market
“Senator, hopefully, the FCC will vote on Thursday to agree with my proposal to ban China Mobile from entering the US market,” Ajit Pai, the Chairman Federal Communication Commission (FCC), told … ( read original…
Chinese AI unicorn Megvii raises US$750 million ahead of planned IPO
Backed by Alibaba Group and Foxconn Technology among other investors, the company is mulling an IPO, which could make it the first of its kind to go public and test how well China’s AI boom…
China’s factory-gate inflation hits four-month high, food prices surge
BEIJING (Reuters) – China’s factory-gate inflation in April quickened at its fastest pace in four months, buoyed by higher commodity prices and a sign demand may be starting to perk up as … ( read…
Trump says Beijing ‘broke’ trade talk deals, pledges to keep tariffs on Chinese goods
PANAMA CITY, Fla./WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday that China “broke the deal” it had reached in trade talks with the United States, and vowed not to back down on ……
Trump’s China Tariff Threat Could Be His Riskiest Trade Move Yet
U.S. negotiators thought China was willing to rewrite key national security and trade laws to reduce the theft of intellectual property, open its markets to U.S. financial services and cut down on … ( read…
