BEIJING — China warned Wednesday of retaliation if President Trump … This sudden shift sent Asian financial markets tumbling. Wall Street also has taken a hit. But U.S. investors Wednesday were more … ( read…
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China banks temper April lending as debt worries rise, but all eyes on U.S. trade threat
While China’s April lending levels have tended … with piles of debt – a legacy of massive stimulus during the global financial crisis in 2008-09 and subsequent downturns. ( read original story …)
China’s gargantuan money market fund is a sign of strength—and deep imbalances
When Ant Financial added a money market fund to its payment app, few people expected it to become the biggest in the world a couple of years later. Its runaway success is a sign of…
Ant Financial rolls out ‘mutual aid’ plan for seniors on Xiang Hu Bao platform
Ant Financial has launched a new cancer-focused health plan on mutual aid platform Xiang Hu Bao to serve the growing number of senior citizens in China. According to the company, the product hopes to ……
US Commission to vote on proposal to ban China Mobile from entering American market
“Senator, hopefully, the FCC will vote on Thursday to agree with my proposal to ban China Mobile from entering the US market,” Ajit Pai, the Chairman Federal Communication Commission (FCC), told … ( read original…
Chinese AI unicorn Megvii raises US$750 million ahead of planned IPO
Backed by Alibaba Group and Foxconn Technology among other investors, the company is mulling an IPO, which could make it the first of its kind to go public and test how well China’s AI boom…
China’s factory-gate inflation hits four-month high, food prices surge
BEIJING (Reuters) – China’s factory-gate inflation in April quickened at its fastest pace in four months, buoyed by higher commodity prices and a sign demand may be starting to perk up as … ( read…
Trump says Beijing ‘broke’ trade talk deals, pledges to keep tariffs on Chinese goods
PANAMA CITY, Fla./WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday that China “broke the deal” it had reached in trade talks with the United States, and vowed not to back down on ……
Trump’s China Tariff Threat Could Be His Riskiest Trade Move Yet
U.S. negotiators thought China was willing to rewrite key national security and trade laws to reduce the theft of intellectual property, open its markets to U.S. financial services and cut down on … ( read…
Tencent replaces hit mobile game PUBG with a Chinese government-friendly alternative
China’s new rules on video games … $3 billion last year — but PUBG has more quietly become a fixture among mobile gamers, particularly in Asia. At the end of last year, Krafton told The…
China ignores overtures from Ottawa amid Huawei dispute
The worsening dispute is also affecting investment between the two countries, as well as Canadian education, film and tourism companies, according to a report released this week by the Canada China … ( read original…
Trump ‘happy’ to keep tariffs on Chinese goods; Beijing threatens retaliation
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports, prompting Beijing to threaten retaliation, as the world’s two largest … ( read original story…
Dollar flat as market awaits U.S.-China trade news
NEW YORK (Reuters) – The dollar was flat on Wednesday as foreign exchange traders held off from making big moves as they awaited definitive news out of the trade talks between the United States and…
