Some analysts said the yuan move could unleash a dangerous new front in the trade hostilities – a currency war. The People’s Bank of China (PBOC) provided the early impetus for yuan bears by setting…
Monthly Archives For August 2019
China’s yuan falls below sensitive level of 7 to US dollar
BEIJING – China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar for the first time in 11 years on Monday, raising the possibility Beijing might use ……
Fears of China Capital Flight Hang Over a Newly Sliding Yuan
Issuance so far this year is a record $138 billion. “Capital flight is still a major concern,” said Fraser Howie, who has two decades of experience in China’s financial markets and co-wrote the 2010 ……
China’s yuan devaluation has investors ‘puking stocks’
China on Monday surprised global markets by letting the yuan … “We won’t re-test the December lows,” said Mike Piershale, president of Piershale Financial Group. … ( read original story …)
Trump accuses China of manipulating currency as yuan weakens
WASHINGTON — U.S. President Donald Trump accused China of manipulating its currency after Beijing let the yuan fall to a politically sensitive level against the U.S. dollar for the first time in 11 … (…
China plans pilot project to drop all duties at Shanghai Free Trade Zone, sources say
This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer China is planning a pilot project to drop all duties and ease procedures at its Shanghai Free … ( read…
China Becomes Largest Export Market for European Films
China has replaced North America as the largest export market, by admissions, for European movies, according to Europe’s Audiovisual Observatory. Research results released Monday show that China … ( read original story …)
China Signals No Surrender to Trump’s Latest Tariff Threat
China wasted very little time in signaling on Monday that President … For even more: Subscribe to Bloomberg All Access for full global news coverage and two in-depth daily newsletters, The Bloomberg … ( read…
China just let its currency fall to an 11-year low — a sign Beijing is ready fight back in Trump’s trade war
China’s central bank on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, citing the trade war as the reason for devaluing the currency. It’s…
China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses
Some small investors may be nursing losses after taking a punt on China’s new board for technology companies, but many of the senior executives of the listed start-ups are celebrating a windfall. The … (…
China’s softer stance on insurance market entry sets the bar too high for smaller insurers, analysts say
China’s latest relaxation on foreign insurance companies entering the country is welcome news for many global brands, yet smaller players appear to have been left out in the cold, according to … ( read original…
Promotions and patriotism: ‘Battle Mode’ Huawei sees China smartphone sales surge
amplifying the brand’s existing broad appeal in its home market – a market it is increasingly dependent on as Washington’s ban on sales of U.S. components and software to Huawei hammers overseas … ( read…
All the bubble tea recipes in China turn up online, but will brands bite back?
Some of China’s most popular bubble tea recipes are being sold online – although sceptics are questioning their authenticity and usefulness. Originally from Taiwan, bubble tea – a tea-based drink with … ( read original…
