The plunge means Kingold’s Nasdaq-traded shares have lost almost 60% of their value since a report in Chinese business media in June alleged it had obtained loans using fake gold bars as collateral. ( read…
FINANCE
Trump’s TikTok and WeChat Ban Could Backfire Inside China
The WeChat app in Trump’s bullseye is essential for doing business inside China—and there is scant evidence TikTok’s founder is a close ally of Beijing. ( read original story …)
As Beijing Pushes To Discuss TikTok, WeChat Bans In Trade Talks, White House Reportedly Explores Removing TikTok From App Stores
Chinese officials are pushing to include the U.S. government’s crackdowns against TikTok and WeChat in upcoming trade talks. ( read original story …)
COLUMN-China’s booming metal imports an echo of the last crisis: Andy Home
China’s imports of industrial metals are booming. Refined copper imports hit an all-time high of 494,000 tonnes in June and accelerated again in July with the preliminary trade figures implying … ( read original story…
China Yuchai International Announces Unaudited Second Quarter 2020 Financial Results
PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (‘China Yuchai’ or the ‘Company’), a leading manufacturer … ( read original story …)
China will step up policy support for foreign trade and foreign investment
The government will provide financial support for key foreign-funded firms and expand export credit to smaller foreign trade companies … ( read original story …)
State Department Under Secretary Keith Krach on US and China’s tech tensions
Keith Krach, State Department Under Secretary of State for Economic Growth and former CEO at DocuSign, joins “Squawk Box” to discuss the rising tensions between the U.S. and China as Chinese tech … ( read…
ABN Amro Exits Trade, Commodity Finance in Corporate Bank Shake-Up
ABN Amro is to end all trade and commodity financing after a string of losses, in a massive overhaul of its activities that will see the Dutch bank cut 800 jobs. Shares in ABN, which…
China stocks drop most in two weeks on weak global sentiment, bank lending data
Chinese shares fell on Wednesday and were on course for their worst day in over two weeks due to souring global market sentiment and data showing softer growth in bank lending. ** At the midday…
U.S.-China Trade Deal Is ‘Fine,’ Trump Adviser Kudlow Says
The trade deal is “fine” and China is “substantially” increasing purchases of American goods, U.S. President Donald Trump’s top economic adviser Larry Kudlow said Tuesday, dismissing concerns that … ( read original story …)
HiPhi X, the world’s first self-learning super SUV, to be launched at the 2020 Beijing Auto Show
Human Horizons under its HiPhi brand is excited to announce that its premium all-electric vehicle, known initially by its prototype name, HiPhi 1, will be named the HiPhi X (pronounced ‘Hi-Fi-Ex’) and … ( read…
Why the U.S. Trip to Taiwan Bothers Beijing
U.S. health chief Alex Azar made a rare trip to Taiwan as the highest-level American official to visit the island democracy in decades. Recent displays of friendship have angered Beijing, which … ( read original…
Urban Upgrading Empowered by New Finance
Finance, as a high-end resource element, is not only the motive power of urban economic development but also the important foundation of urban prosperity and development and a symbol of the strength … ( read…
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