WASHINGTON — President Trump accused China and the European Union on Friday of manipulating their currencies to gain a leg up in global trade and escalated his criticism of the Federal Reserve for rai… (…
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Beijing Auto BJ90 Finally Ready For Production In China, With Mercedes Power
The Beijing Auto BJ90 SUV will finally see mass production. There has been some small-batch production before, but those cars were government-only. From September onward, the BJ90 will be for everyone … ( read original…
Trump heightens tariff threat in trade war with China
With trade tensions rising, so is the pushback from American business that fear potentially devastating consequences, not only from China but also from Europe, Canada and other countries in Asia. Trum… ( read original story…
China steps up regulations of $3 trillion bank wealth management products
BEIJING (Reuters) – China’s banking and insurance regulator on Friday released long-awaited draft rules to strengthen regulations of commercial bank wealth management businesses, the latest step by Be… ( read original story …)
China’s yuan turns up, bounces off one-year lows as big state banks seen selling dollars
The People’s Bank of China lowered its yuan midpoint for the seventh straight trading day to 6.7671 per dollar on Friday, 605 pips or 0.9 percent weaker than the previous fix of 6.7066. The latest…
China’s money rates fall as c.bank boosts liquidity with eye on trade war
SHANGHAI, July 20 (Reuters) – China’s primary money rates fell this week as the central bank pumped cash into the banking system, and as it prepared to soften small firms’ financing burdens in an atte……
China to launch financial innovation schemes in Chongqing, Zhejiang
BEIJING (Reuters) – China financial regulators said on Friday it will launch pilots schemes on innovations around financial standards in the city of Chongqing and the province of Zhejiang. The schemes … ( read original…
Why Pet Brands need to prioritise the Chinese Market
With China’s huge online population of over 900 million users and 250 million e-shoppers an online sales infrastructure is everything when entering the market. It’s an advantage for brands to conquer … ( read original…
‘Hi, I’m a soybean’: In trade war, China deploys cartoon legume to reach U.S. farmers
BEIJING (Reuters) – In the tense trade war with the United States, China’s government has turned to an unlikely weapon: a cartoon bean. “Hi, everybody. I am a soybean. I may not look like much,…
China’s stock, yuan rebound drives Asian markets higher
TOKYO (Reuters) – Asian shares pushed higher on Friday, clawing back earlier losses in volatile trade as China’s stocks recovered sharply and the yuan bounced from a one-year low with market participa… ( read original…
China’s tumbling yuan slows as big banks seen selling dollars
SHANGHAI (Reuters) – China’s yuan plunged to a more than one year low against the dollar on Friday after the central bank fixed a weak midpoint, but traders said major state banks sold dollars during…
China’s central bank preparing further policy easing to counter credit squeeze
China’s central bank will use unconventional methods to support the ailing corporate bond market and guide financial relief to vulnerable areas of the economy, according to analysts. Market expectatio… ( read original story …)
China-UK Financial Cooperation Explored During CEIBS London Forum
LONDON, July 20, 2018 /PRNewswire/ — The opportunities for China and the UK to collaborate within the financial sector in today’s post-Brexit, fintech and big data focused environment was explored in … ( read original…
