BEIJING (AP) — China’s newly-appointed economic czar has told U.S. Treasury Secretary Steven Mnuchin that Beijing is ready to defend its interests after President Donald Trump announced plans to slap tariffs on nearly $50 billion…
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China targets US$3 billion of Made-in-America goods in tariff spat
China’s response Friday appeared to be aimed at increasing domestic … On Tuesday, the Chinese premier promised at a news conference Beijing will “open even wider” to imports and investment as part of efforts to…
China may hike tariffs on U.S. pork, aluminum, other goods
China’s proposed tariff hikes in response to the steel and aluminum … On Tuesday, the Chinese premier promised at a news conference Beijing will “open even wider” to imports and investment as part of efforts…
JD Finance helps banks win ‘young’ credit clients
Xie Jinsheng, vice-president of JD Finance, introduces the Big Dipper retail credit package in Beijing on March 23, 2018. [Photo provided to chinadaily.com.cn] E-commerce giant JD’s financial technology arm JD Finance speeds up exporting its…
Is Beijing spoiling for a trade war?
If U.S. officials wanted to provoke a sharp response from China, they got one. Comments on the internet here burst out Friday with insults and invective, calling U.S. President Donald Trump a “shortsighted bully.” They…
China central bank names CBRC’s Guo as head of new banking, insurance regulator
BEIJING (Reuters) – The official publication of China’s central bank said on Thursday that Guo Shuqing has been appointed head of the new regulator for the banking and insurance sectors, as the world’s No. 2…
BRIEF-China Minsheng Financial Holding Corp Posts FY Profit Attributable Of HK$192.0 Million
* FY PROFIT ATTRIBUTABLE HK$192.0 MILLION VERSUS HK$36.9 MILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
iQIYI: A Mostly Overlooked Chinese IPO
The proposed offering price is attractive and the focus on Chinese tariffs could hold back the IPO excitement. As the market focuses on streaming video and music services in the U.S., a fast growing opportunity…
BRIEF-China Huirong Financial Posts FY Profit Attributable Of RMB50.9 Mln
* TO PROPOSE DIVIDEND OF HK$0.0132 PER SHARE Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
How much has the US lost from China’s IP theft?
President Donald Trump has slapped tariffs on $50 billion worth of Chinese goods, taking aim at China’s theft of US intellectual property. The United States has long said that intellectual property theft has cost the…
Boeing, financial shares lead losses as Trump targets China
The Trump trade’s turning into the tariff tumble. U.S. equity markets sank the most since Feb. 8 and investors sought out havens in Treasuries and gold futures after the U.S. unveiled $50 billion of tariffs…
Presence of cloud computing growing in financial institutions
BEIJING – The use of cloud computing technology in China’s financial institutions is growing, according to a recent report. Nearly 90 percent of Chinese financial institutions have used or plan to use cloud computing technology,…
Asian shares slump on fears of trade war between US, China
Stocks plunged Thursday on Wall Street after U.S. President Donald Trump imposed sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions…
