BEIJING—China is stepping up efforts to stem the yuan’s rapid depreciation, in a policy shift intended to fend off capital flight and blunt U.S. criticism that Beijing is weakening its currency as par… ( read…
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China’s central bank gives itself more leeway on setting exchange rate
China’s central bank has given itself greater leeway to determine the renminbi’s exchange rate, reflecting Beijing’s concerns that the currency could fall rapidly as economic growth slows and the US e… ( read original story…
White House slams Beijing, cites ‘grave concern’ after El Salvador cuts diplomatic ties with Taiwan
In another sign of growing tensions with Beijing, the Trump White House issued a sharply worded statement late Thursday condemning El Salvador’s decision to cut diplomatic relations with Taiwan and vo… ( read original story…
China’s Huawei slams Australia 5G mobile network ban as ‘politically motivated’
HONG KONG/SYDNEY (Reuters) – Australia has banned Huawei Technologies Co Ltd [HWT.UL] from supplying equipment for a 5G mobile network citing national security risks, a move the Chinese telecoms gear … ( read original story…
Australia’s Goodman, Canada’s CPPIB add $1.75 bln to China logistics investment
Its portfolio comprises 33 properties with 2.5 million square metres of logistics space. China Logistics Property Holdings Co Ltd (CNLP) 1589.HK, backed by JD.com, on Wednesday said it plans to set up … ( read…
U.S., China Impose New Tariffs on Each Other as Talks Resume
China also said it would lodge a complaint about the new American … The discussions will touch on the major friction points, ranging from intellectual property protections to re-balancing trade, the … ( read original…
Chinese firms should learn to respect intellectual property
US President Donald Trump has been slamming China, saying Chinese companies don’t respect intellectual property rights. Despite the questions, most of the firms still manage to raise funds from the ma… ( read original story…
China Keeps Promises to Wall Street Even as Trade War Drags On
NOVEMBER: China unveils plan to remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund managers and insurers APRIL: Xi vows t… ( read original story…
China warns public over ‘blockchain’ Ponzi schemes
China’s government has warned of “criminals” attracting retail investors into Ponzi schemes using buzzwords such as “blockchain” and “virtual currency”, as official concerns over risk trump support fo… ( read original story …)
Waymo wants to test its self-driving car tech in China
Waymo, one of the leading US developers of driverless car technology, confirmed it had set up a legal entity in China several months ago and has people working there. The company declined to comment f……
Waymo sets up subsidiary in Shanghai as Google plans China push
BEIJING/SHANGHAI (Reuters) – Alphabet Inc’s (GOOGL.O) self-driving unit Waymo has set up a subsidiary in Shanghai, according to a business registration filing, the latest sign that the U.S. internet g… ( read original story …)
Exclusive: China to keep hitting back at U.S. over trade, to boost government spending – finance minister
BEIJING, Aug 24 (Reuters) – China will keep hitting back at Washington as more U.S. trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses i… ( read…
China to keep hitting back at US over trade, to boost gov’t spending: Finance Minister
The Chinese government will increase its spending to support workers and the unemployed who are hurt by the trade conflict. BEIJING: China will keep hitting back at Washington as more US trade tariffs … (…
