China’s President Xi Jinping told visiting US defence secretary Jim Mattis that China would not yield “one inch” of the South China Sea, rebuffing Washington’s efforts to engage Beijing on the issue. Mr Mattis was…
FINANCE
China tries to defuse trade pressure, says world benefits
BEIJING — China’s government defended its trade record as a benefit to the world in a new effort Thursday to defuse U.S. and European pressure over market access and technology policy. A Cabinet report repeated…
Exclusive: China rejects U.S. request for talks on airline website row
BEIJING/WASHINGTON (Reuters) – China has rejected U.S. requests for talks over how American airlines and their websites refer to Chinese-claimed Taiwan, according to sources, including a U.S. official, adding to tensions in a bilateral relationship…
Trump backs off imposing China investment limits
The announcement followed intense internal battles over the issue and reports of impending bans on Chinese investment that had sent financial markets into a nose … “For those who want to say this is being…
China’s bear market woes run deeper than Trump tariffs
Blame for the sell-off of China’s stock market has been levelled at the Sino-US trade war but Beijing’s problems have been evident for some time and run much deeper. Long before US president Donald Trump…
China’s economy in the shadow of a trade war
Despite China’s astonishingly strong and sustained expansion, the economy is widely considered vulnerable because the growth in output has been underwritten by an even faster increase in debt. This has been particularly true since the…
Can China Survive Trade War as Stocks Crawl Into Bear Market?
In this connection, China’s central bank on Jun 24 said it will release as much as 700 billion yuan ($107 billion) into the financial system by reducing the amount of deposits majority of the banks…
US vs China: who prevails in a trade war?
Responding, China released its own list of tariffs … Sponsored by Senator Reed Smoot of Utah, who was chairman of the Senate Finance Committee, and Representative Willis Hawley of Oregon, the chairman of the House…
Leaked report by government think-tank says China should be wary of financial panic
HONG KONG (Reuters) – A government think-tank report that appeared briefly online said that China should be wary of any financial panic stemming from uncertainties, such as bond defaults, tight liquidity and trade frictions with…
Hang Seng China index shows how far the needle has swung from greed to fear
The Hang Seng China Enterprises Index shows how far the needle on China has moved from greed to fear. Back in January, the gauge of Hong Kong-listed Chinese stocks was rising at the fastest pace…
China’s banks embrace Communist Party committees in risk crackdown
“Tighter party discipline doubtless will provide added teeth to the financial crackdown, increasing personal accountability of financial managers,” said James Stent, a former external supervisor at China Everbright Bank (601818.SS) and independent … ( read…
JPMorgan says to ramp up China investment banking headcount by 40-50 percent
HONG KONG (Reuters) – JPMorgan Chase & Co (JPM.N) said it plans to expand its China investment banking team headcount by 40 percent to 50 percent over the next two to three years, as it…
In Europe’s east, a border town strains under China’s Silk Road train boom
YIWU, China/MALASZEWICZE, Poland (Reuters) – When cargo trains from China began arriving at the Polish border town of Malaszewicze almost a decade ago, they were considered a novelty – able to ship laptops and cars…