The yuan on Friday was trading 0.1% lower at 7.05 a dollar. The escalating U.S.-China trade war drove much of the volatility across the region this week. “Emerging market currencies have sold … ( read…
Monthly Archives For August 2019
China Ex-Central Bankers Warn of Lasting 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 push to attract more high-tech manufacturers
BEIJING (Reuters) – China will push to attract more high-tech manufacturers to set up in the world’s No.2 economy, the nation’s commerce ministry said late on Friday, without giving further … ( read original story…
Bank of China Has a Message for Hong Kong: ‘Stop Violence, Contain Chaos’
The terse message in a full-page advertisement from Bank of China Ltd.’s units in Hong Kong greeted local residents on Friday while the city braced for another weekend of unrest. Printed in the … (…
China’s Huawei to invest $800 million in new Brazil factory amid 5G push
Initially, handsets would be imported from China, but the world’s third-largest … trusts the company and the country needs its technology. Rivals noted that Huawei is under particular pressure … ( read original story …)
Former US ambassador to China warns Beijing intervention in Hong Kong will provoke Taiwan
the former U.S. ambassador to China warned Beijing against interference, saying that could escalate tensions across the Strait. Speaking to Yahoo Finance, Gary Locke said mainland intervention in … ( read original story …)
IMF contradicts Trump: China hasn’t manipulated its currency
WASHINGTON — The International Monetary Fund sees little evidence that China’s central bank has deliberately reduced the value of the nation’s currency — a position at odds with the Trump … ( read original story…
We’re at a ‘very dangerous juncture’ with US-China trade negotiations: analyst
This week, the U.S. labeled China a currency manipulator after the yuan sank to … Trump White House are overtaking any semblance of a strategy,” Goujon told Yahoo Finance’s YFI AM on Friday. In ……
Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
squeezed by a worsening U.S.-China trade war. Many Western carmakers were already struggling before the downturn, as Chinese consumers abandoned their mid-market brands for increasingly assertive … ( read original story …)
IPO Update: 9F Readies U.S. IPO Plan
9F and selling shareholders hope to sell $76 million of ADSs in a U.S. IPO. The firm operates a peer-to-peer online lending and financial services marketplace in China. JFU has a downward revenue … (…
Nova Scotia looking to build ‘100% China-friendly’ website to promote trade, sidestep censorship
HALIFAX—Nova Scotia is continuing its bid for an amiable trade relationship with China, with plans for a promotional website built specifically to fit the country’s strict internet censorship laws. … ( read original story …)
Trump says U.S. still talking with China, but not ready to make a trade deal
“China wants to do something, but I’m not ready to do anything yet. Twenty-five years of abuse – I’m not ready so fast, so we’ll see how that works out.” the president added. Trump said…
Trump still has plenty of ways to escalate his China trade war
Trump has said an easing of restrictions on sales to China’s Huawei Technologies Co. that was part … holding off on a decision about licences for U.S. companies to restart business with Huawei after ……
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