Will the rising hostility between the United States and China make a comprehensive approach to debt relief more difficult in Africa? ( read original story …)
FINANCE
86% of companies say U.S.-China tensions are impacting business: Survey
China Business Council President Craig Allen joins Yahoo Finance’s Akiko Fujita to break down the latest on the U.S.-China trade front, as Reuters reports the Phase 1 trade deal review is now delayed. ( read…
China Decoupling May Be Unstoppable, Even Under Biden
Will Washington pull the plug on China’s dollar flows? It would be ruinous for bond holders from New York to Singapore. ( read original story …)
Chinese stocks surge to a 2-year high after China’s central bank announces $101 billion of fresh stimulus
The People’s Bank of China added 700 billion yuan ($101 billion) of one-year funding through a medium-term lending facility on Monday. ( read original story …)
The decoupling of the US and China has only just begun
After 40 years of ever deeper economic integration between the US and China, it is hard to imagine a real severance of ties. Many executives believe that politicians in Washington and Beijing will … (…
Future FinTech Plans to Enter the Challenger Bank and Digital Payment Sector
Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce and financial technology company, today announced it plans to enter the challenger … ( read original story …)
China to facilitate holding of RMB as foreign central bank reserve currency
China will further facilitate cross-border use of the renminbi by promoting pilot programs to boost trade and investment, making it possible for more foreign central banks and monetary authorities to … ( read original story…
The US-China standoff is turning Hong Kong into a more valuable—and more Chinese—financial hub
Amid the political upheaval, the share price of Hong Kong Exchanges & Clearings (HKEx) has soared, and the company has reclaimed its crown as the most valuable exchange operator in the world by market ……
Hong Kong commerce secretary says will discuss ‘made in China’ labelling with U.S.: CNBC
Goods made in Hong Kong for export to the United States will need to be labelled as made in China after Sept. 25, according to a U.S. government notice posted last week. When asked about…
Volvo Owner’s China Business Posts 43% Profit Drop on Virus
Geely Automobile Holdings Ltd., the Chinese automaker controlled by Volvo Cars owner Li Shufu, reported a 43% drop in first-half profit after the coronavirus outbreak shuttered factories and decimated … ( read original story …)
China Stocks Rally Near Two-Year High on PBOC’s Easing Signal
China’s move to pump cash into its banking system has fueled bets monetary policy will remain loose, driving the benchmark gauge near its highest level in more than two years. ( read original story …)
China shares gain on reform hopes, PBOC boost; securities stocks shine
Securities firms soar on ChiNext listing expectations. PBOC issues 700 bln yuan in medium-term loans. SHANGHAI, Aug 17 (Reuters) – Chinese sha … ( read original story …)
Chinese shares rise as central bank injects cash
China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks gained 1.4 per cent in early trading on Monday after the central bank injected Rmb700bn ($101bn) of liquidity into the financial system … ( read original…
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