China’s Shanghai Composite lost 0.5% to 2,884.54 after surveys showed a deteriorating manufacturing outlook in May. Japan’s Nikkei 225 index lost 1.3% by midday to 20,343.52, and Hong Kong’s Hang Seng … ( read original…
FINANCE
With credit risks escalating, China’s banking cleanup needs a bigger mop
China’s banking cleanup has moved into a fresh phase with the seizure of a small city-commercial lender. It’s far from clear that regulators have the right supplies to finish the job. The central bank ……
China Has Whole Towns Focused Entirely on Making Electric Cars
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next. Pieces of an electric car hang from the ceiling of a Chinese real-estate developer’s…
Too Many Unknowns Leave China Traders With No Clue on Stocks
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next. How to put a price on a full-blown trade war has emerged as the…
US tech groups scour supply chains for China risks
The biggest US technology companies are re-examining their supply chains to identify Chinese groups that may be targeted in the escalating trade war between China and the US. Executives at several … ( read original…
How markets are reacting to the US-China trade war
The financial markets have become extremely focused on the twists and turns in the tariff negotiations involving the US and China and, more recently, on the likelihood of a technology war centred … ( read…
China tells Canada of ‘consequences’ of helping U.S. with Huawei case
Chinese authorities detained Spavor, a businessman, and former diplomat Kovrig on Dec. 10, shortly after Canada arrested China-based Huawei’s Chief Financial Officer, Meng Wanzhou, on a U.S. warrant. … ( read original story …)
China says U.S. can’t use pressure to force trade deal
BEIJING (Reuters) – The United States cannot use pressure to force a trade deal on China, a senior Chinese official and trade negotiator said on Sunday, refusing to be drawn on whether the leaders of…
China Says It Doesn’t Want to Replace U.S. as ‘Boss of World’
(Bloomberg) — China doesn’t seek to surpass the U.S. as the globe’s dominant power but is prepared to “fight to the end” if needed, Defense Minister Wei Fenghe said, as trade friction grows between ……
China blames US for trade war, says ‘nothing is agreed until everything is agreed’
China on Sunday blamed the United States for the trade war, vowing it would not back down and accused Washington of being an untrustworthy negotiator as tensions continue to escalate between the … ( read…
Banking system liquidity ample after Baoshang Bank takeover: Chinese central bank
SHANGHAI (Reuters) – China’s central bank said on Sunday that liquidity in the banking system is reasonably ample, and that it would use various monetary policy tools including medium-term facility … ( read original story…
China central bank urges calm after Baoshang takeover
SHANGHAI (Reuters) – China’s central bank sought to calm investors on Sunday after last month’s takeover of Inner Mongolia-based Baoshang Bank, saying regulators are not planning any more such moves … ( read original story…
China says war with US would bring disaster to world as tensions mount
“Due to this, China has enjoyed stability, and if you visit China you can understand that part of history.” On the ongoing trade war, which has shaken financial markets around the world, Wei said ……
