“almost all” the 24 Democrats running for president in 2020 have “some sort of anti-Chinese sentiment,” says Tim Adams of the Institute of International Finance. Similarly, he is concerned that … ( read original story…
FINANCE
China steps up vigilance on disclosures as market opens to world
“While in the short-term investors may have concerns that this increased scrutiny is indicative of a deterioration in corporate governance, in the longer term this should enhance corporate governance … ( read original story …)
China Steps Up Vigilance on Company Disclosures as Market Opens to World
Under China’s securities law, companies can be fined up to 600,000 yuan for providing false or materially insufficient information, which is “minuscule compared with potential gains from overstating … ( read original story …)
China May Be Culling Dairy Cows for Beef to Offset Pork Losses
(Bloomberg) — With African swine fever wiping out a large portion of China’s pork, the Asian nation is turning to other types of protein both domestically and imported from around the world. Hefty … (…
Beijing propagates the Tiananmen narrative
This is in fact the narrative that is propagated by Beijing, not least to diminish Tiananmen … but under the decade-long shadows and shocks of the financial crisis, the duration of which is … (…
U.S.-China Financial Breakup Scenarios Are War-Gamed at BofA
With U.S.-China trade tensions deepening, analysts at Bank of America Corp. have war-gamed some potential implications for financial markets. “What if China and the U.S. were to decouple financially,” … ( read original story …)
China’s central bank is poised to cut interest rates amid trade war, economist says
The People’s Bank of China would lower rates twice later in 2019 and once in 2020 as the country’s trade fight with the U.S. heats up, said said Helen Qiao, chief Greater China economist at…
World Bank downgrades its forecast for global economy
In the 19 countries that use the euro currency, growth is forecast to slow to 1.2%, down from 1.8% last year and the 1.6% the World Bank expected in January. Slowed by the Trump administration’s…
Mnuchin to Meet China Central Bank Chief in Japan, Treasury Says
(Bloomberg) — Treasury Secretary Steven Mnuchin will meet with the People’s Bank of China chief during the Group of 20 gathering of finance ministers and central bankers in Japan over the weekend, … ( read…
Beijing needs to pick a bank bailout message
Regulators downplayed their decision to take over troubled Baoshang Bank, just as another small lender with over $100 bln in assets said auditor EY quit. Officials can rescue banks, or not, but … ( read…
China’s ambassador to Canada to leave post later this month
In a speech at an event sponsored by BMO Financial Group and The Globe and Mail in late May, he lashed out at allegations that China is “an ’autocracy’ with ’no freedom’ and ’violating human…
China coordinates laws to combat global financial crime
Money laundering and global financial crime could undermine trade and investment in major financial markets, offshore centers, and emerging markets. The global phenomenon could put China at risk as … ( read original story …)
China wants to end impasse with Canada by meeting halfway: envoy
China’s ambassador to Canada says his government … since the December arrest of a Chinese telecom giant’s chief financial officer in Vancouver. The arrest of Huawei’s Meng Wanzhou was … ( read original story …)
