By Cynthia Brumfield CSO | Highlighting the diminished opportunities for Chinese telecom and technology providers in the US, the Department of Justice (DOJ) announced last week that the Trump … ( read original story …)
Monthly Archives For April 2020
International Policy Experts Blast China’s Coronavirus Coverup, Call it Their ‘Chernobyl Moment’
Continued autocratic one-party rule in the People’s Republic of China has endangered everyone,” they wrote in an open letter. ( read original story …)
China cuts medium-term borrowing costs by 20 bps, steps up fight against pandemic
The move should pave the way for a similar reduction to the country’s benchmark loan prime rate (LPR), which will be announced on the 20th, to lower financing costs for companies hit by pandemic. The…
China’s Tianqi Lithium faces further loss, eyes stake sales
Tianqi Lithium 002466.SZ, one of the world’s top producers of the commodity used in batteries for electric vehicles, expects to post a net l … ( read original story …)
Breakingviews – Corona Capital: China bonds, Thiam pay, Soccer M&A
As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, ……
China unicorns’ valuations slide as virus-fearing investors seek early exits
Valuations of Chinese unicorns have fallen below levels reached in the firms’ most-recent fundraising rounds, secondary market offerings by existing investors show, highlighting the strain on backers … ( read original story …)
China’s EV Slowdown Deepens Debt Woes at Top Lithium Supplier
The global health crisis has deepened financial troubles at one of China’s biggest producers of lithium used in electric vehicle batteries. ( read original story …)
China’s `Aircraft Carrier’ Can’t Sink Wall Street
A planned merger between China’s two biggest brokerages is a sign that firms are worried about the impending arrival of wholly owned foreign competitors. They should be.China has started the process … ( read original story…
Beijing seeks to boost financial system as coronavirus pummels growth
China’s central bank has cut one of its most important lending rates to a record low as Beijing seeks to boost liquidity in the financial system and cushion the hit to the economy from the…
Beijing’s attack on Hong Kong opposition viewed as ‘taste of what’s to come’ as attention pivots from coronavirus to city’s legislative elections
Beijing’s top representatives have accused the opposition of paralysing the city’s governance with filibustering tactics in the legislature Pan-democrats say the criticism oversteps the central … ( read original story …)
Key Part of China Shadow Banking Faces Doubling of Defaults
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
China didn’t warn public of likely pandemic for 6 key days
In the six days after top Chinese officials secretly determined they likely were facing a pandemic from a new coronavirus, the city of Wuhan at the epicenter of the disease hosted a mass banquet for…
Asia shares consolidate, China cuts another interest rate
China moved again to cushion its economy, cutting a key medium-term interest rate to record lows and paving the way for a similar reduction in benchmark loan rates. While not unexpected, it did help ……
