Bank stocks in China are underperforming, a sign the market is worried about them. Should you be? Banks make up a big part of indexes for onshore Chinese stocks and are therefore in many portfolios…
FINANCE
China corruption watchdog to target health, education and the financial sector in 2019
China’s anti-corruption crackdown will this year focus on education, medical care, environmental protection and other major areas of concern to the public. The Communist Party’s Central Commission for … ( read original story …)
Bank of China to enable payment in yuan on US e-commerce platforms
BEIJING: Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on US e-commerce platforms this year, the official Xinhua news agency … (…
China’s banking regulator imposes record high penalties in 2018
BEIJING, Jan. 12 (Xinhua) — China’s banking watchdog imposed over 3,800 penalties in 2018, a record high. Lending to the real estate sector is a key area for regulation, with over 30 banks punished f……
Look to US, not China for the 2019 financial crisis. Here’s why
After a panicked end to 2018 in the financial markets, and a jittery start to the new year, an increasing number of investors, analysts and economists are beginning to warn about “the crisis of 2019”,…
If China Tech Thought 2018 Was Bad, Wait Till This Year Unfolds
China’s deceleration will create ripple effects across the … Things started going off the rails in the second half of last year as Huawei Technologies Co. finance chief Meng Wanzhou and JD.com Inc.’ … (…
Trump Has Secret Allies in China
Today, China’s industrial ambitions get scant mention in the media … Meanwhile, the government, trying to head off a potential financial crisis, has been cracking down on the shadow banks where smal… ( read original…
Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua
BEIJING (Reuters) – Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhu… ( read…
Trade Wars: China’s 2019 To-Do list includes tackling spat with US
The U.S. president is increasingly eager to strike a deal with China in an effort to perk up financial markets that have slumped on concerns over the trade war, according to people familiar with inter……
China hawks fear Trump will yield in trade war
Richard Neal, the chairman of the House Ways and Means committee, which has oversight over US trade policy, told the Financial Times that US-China policy had to be “in the best interests” of America “…
Xi’s Leading China Toward Stagnation
China’s economic rise over the past two decades has been … He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian. ( read original story…
Asian Development Bank chimes in with dire prediction for China’s 2019 economic growth if trade war deteriorates to worst-case scenario
The outcome of the ongoing US-China trade war will be critical to how China’s economy and those of other Asian nations perform this year, the Asian Development Bank’s president said. If relations were … (…
China Yuan Defies Economic Slowdown, for Now, With Fed Help
Even after data on Thursday showed a sharp downturn in China’s factory-gate price gains, the yuan hit its strongest against the dollar since July. It’s up more than 1.5 percent so far this week, despi……
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