Viktor Orbán has turned Hungary into the main home for Chinese capital in Europe, capturing more than a quarter of all Chinese investment coming into the continent over the past two years.
FINANCE
China’s yuan misses its chance to go up against the US dollar after Trump win
The yuan is falling behind. China’s dream of turning its currency into a global contender is unraveling thanks to President Donald Trump’s return to power. With a brand new trade war looking likely, …
China’s dream of ‘powerful currency’ runs into Trump’s return
The president-elect favours a weaker US dollar, which would make US goods cheaper for the rest of the world, although Wall Street banks think he is unlikely to get his wish.
China to cut or cancel export tax rebates for products including aluminium
China’s finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of commodities and other products, effective Dec. 1. The country will reduce the export tax rebate …
China’s 6 trillion yuan aid to property market is helpful to ‘a certain extent’: Economist
Hao Hong of GROW Investment Group says China’s total local government debt is likely much higher than official figures. He says investors who are attracted to Chinese high-yield dollar bonds are …
China’s $1.3 Billion Gamble on Peru Port Faces Snags From Andes to Amazon
China has made a $1.3 billion bet that a new port in Peru will boost access to South America’s agricultural bounty. Cashing in on the investment may be harder than expected.Most Read from …
China braces for potential trade war with U.S. after Trump’s return to White House – Financial Times
This was reported by Financial Times, citing advisers to Beijing and international risk analysts. The Chinese government, led by Xi Jinping, was once caught off guard by Trump’s victory in the 2016 …
Major Chinese bank begins blocking yuan transfers to Russia from “friendly” countries – media
Bank of China, the fourth largest bank in China, has begun to increasingly block yuan transactions from countries that Russia uses to procure goods. Source: RBC with reference to business …
China’s Steel Output Recovers as Market Responds to Stimulus
Chinese steel output recovered in October, snapping four months of declines, as sentiment brightens following Beijing’s efforts to rekindle economic growth.Most Read from BloombergUnder Trump, Prepare …
Tepper and Burry Signal End of Buy ‘Everything’ Trade in China
Two of the world’s most prominent investors are signaling the days of across-the-board gains in Chinese stocks may be ending.
Parleys behind closed doors, China signals key shift on climate finance
Against this backdrop of complex negotiations, China has indicated a potentially more flexible stance on climate finance …
China-Russia trade set to hit new highs, but Trump factor, payments cloud outlook
China’s trade with Russia is set to hit new highs this year as payment barriers have been partly addressed in recent months, but analysts warned that US president-elect Donald Trump’s return could be …
Reading FC: Owner Dai Yongge’s financial crisis in China revealed
The owner of Reading FC has faced a series of court cases in China this year over unpaid loans worth hundreds of millions of pounds, The Reading Chronicle can reveal.
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