SHANGHAI — Chinese brands continue to lose market share at home, and the biggest domestic automaker — Geely Automobile Holdings — is not immune, with sales tumbling more than 20 percent for the … (…
Monthly Archives For August 2019
Hong Kong Protesters Defy Beijing Warnings, as Police Fire Tear Gas
HONG KONG — Defying warnings from China of a crackdown if they continued more than two months of protests, young demonstrators blocked a vital tunnel under Hong Kong’s Victoria Harbor on Saturday, … ( read…
Nova Scotia to build ‘100% China-friendly’ website, navigate censorship in bid to grow commerce
The decision is only the latest in a series of overtures by Premier Stephen McNeil’s provincial government to court business interests in China despite rising tensions between Canada and China. … ( read original story…
Bitcoin Safe Haven Sucking in Money From China, Says Blockchain Executive
Investors looking for an escape from yuan devaluation are flocking to Bitcoin as well as traditional fallbacks, says Chris Reinertsen. Speaking to Forbes in an interview on Aug. 8, Chris … ( read original story…
China Ex-Central Bankers Warn of Long Currency War With U.S.
The U.S.’s labeling of China as a currency manipulator “signifies the trade war is evolving into a financial war and a currency war,” and policy makers must prepare for long-term conflicts, Chen Yuan, … (…
China to inspect property-related loan policies in 32 cities
Potential homebuyers examine property models at a sales site in Shanghai. [Photo provided to China Daily] BEIJING – China will launch a targeted inspection on banks’ property-related businesses in 32 … ( read original story…
China Unicom teases new 5G Xiaomi phone, Samsung Galaxy A90 5G, and Huawei Mate 30 5G
The smartphone market globally has been on a decline, but analysts and other stakeholders in the phone business are banking on the rollout of 5G services to expand the market once again. 5G will ……
Chinese brands outperforming German premium car makers on e-mobility
[Photo by Zhang Dandan/China Daily] BERLIN – Chinese original equipment manufacturers (OEM) were becoming relevant competitors for top German players in the premium automobile segment, according to a … ( read original story …)
Chrystia Freeland praises ‘two brave Canadians’ detained in China since December
Canada and China have been locked in a diplomatic dispute since Dec. 1 when Canadian authorities arrested Huawei Technologies Co Chief Financial Officer Meng Wanzhou in Vancouver on a U.S. warrant. … ( read original…
IMF says China should keep Yuan flexible as wrade war widens
The IMF said directors on its executive board, which concluded its annual review of China on July 31, “concurred that greater exchange rate flexibility and deeper and better functioning FX markets … ( read original…
International Monetary Fund says China may need more stimulus if U.S. trade war worsens
The International Monetary Fund said on Friday that China may need more fiscal stimulus if trade tensions with the United States worsen, putting economic and financial stability at risk. The IMF’s … ( read original…
China mulls biggest revamp to its futures market since 2015 restraint
The China Financial Futures Exchange is also considering a new range of products, including futures on the MSCI China A Index, the people said. The bourse plans to introduce an equity volatility index … (…
The U.S. is on a collision course with China – and Canada could get hit
He may use the currency-manipulator label as justification to have his own government intervene in currency markets, either to push China’s yuan higher or to devalue the U.S. dollar. Such a move would … (…
