To simply keep up with China, let alone take the lead, we need to get our act together—really together—as in a close partnership between Washington and in the private sector. That means developing a ……
FINANCE
Germany May Extend Curbs; China Hits Out at Trump: Virus Update
The European Commission has drawn up plans for a partial lifting of restrictions, but warned that some restrictions will remain until a vaccine or cure is found. Germany is set to extend curbs even ……
China reports fewer coronavirus cases but infections from Russia a worry
China reported on Wednesday a decline in new confirmed cases of the coronavirus in the mainland, although an increasing number of local transmissions in its far northeast bordering Russia remained a … ( read original…
China cuts medium-term borrowing costs by 20 bps, steps up fight against pandemic
The move should pave the way for a similar reduction to the country’s benchmark loan prime rate (LPR), which will be announced on the 20th, to lower financing costs for companies hit by pandemic. The…
China’s Tianqi Lithium faces further loss, eyes stake sales
Tianqi Lithium 002466.SZ, one of the world’s top producers of the commodity used in batteries for electric vehicles, expects to post a net l … ( read original story …)
China’s EV Slowdown Deepens Debt Woes at Top Lithium Supplier
The global health crisis has deepened financial troubles at one of China’s biggest producers of lithium used in electric vehicle batteries. ( read original story …)
China’s `Aircraft Carrier’ Can’t Sink Wall Street
A planned merger between China’s two biggest brokerages is a sign that firms are worried about the impending arrival of wholly owned foreign competitors. They should be.China has started the process … ( read original story…
Key Part of China Shadow Banking Faces Doubling of Defaults
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
China Trims Funding Costs, Adds Liquidity to Banking System
China’s central bank cut interest rates and injected $14 billion into the financial system, bolstering measures aimed at countering the economic fallout from the coronavirus pandemic. ( read original story …)
Wall Street’s Biggest-Ever China Bet Rides on These Bankers
And Todd Leland at Goldman Sachs Group Inc. sees “infinite growth” in asset management. For the executives leading Wall Street’s charge into China, the race is officially on to tap one of the biggest ……
Key Part of China’s Shadow Banking Faces Doubling of Defaults
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
Wall Street’s Biggest-Ever China Bet Is Riding on These Bankers
UBS Group AG’s David Chin wants to double the size of his China investment-bank team. Morgan Stanley’s Wei Sun Christianson plans to build a brokerage business from scratch. And Todd Leland at Goldman … (…
Beijing Capital Land: Not A Buy Despite Attractive Valuations
Beijing Capital Land’s net gearing of 154.4% as of end-FY2019 is high on both an absolute and relative basis, implying significant credit risks. Beijing Capital … ( read original story …)
