China’s central bank sought to steady fears that the yuan could tumble further while shares have priced in bad news already, according to market watchers. The currency strengthened and stocks suddenly … ( read original…
FINANCE
China Is Armed With Powerful Market Weapons in Duel With Trump
(Bloomberg) — China has a powerful financial-market arsenal for its trade tussle with America, including a hoard of Treasuries and its currency. But using those weapons is not without cost. Beijing … ( read original…
China’s Electric-Car Mania Draws Parallels to the Dot-Com Bubble
(Bloomberg) — China’s electric-vehicle market is so overcrowded it’s starting to resemble the dot-com bubble that burst at the turn of the century, the industry’s top producer warned, sounding the … ( read original story…
U.S., China wield threats going into high-stakes trade talks
Chinese authorities already have extended retaliation beyond imports by targeting operations of American companies in China. Regulators have slowed down customs clearance for their shipments and … ( read original story …)
Trudeau spoke to Trump about Canadians detained in China: Ottawa
OTTAWA (Reuters) – Prime Minister Justin Trudeau spoke to U.S. President Donald Trump on Thursday and discussed the detention of two Canadian citizens in China, which has triggered a major crisis … ( read original…
China’s Yuan, Stocks Rise After Brutal Week as Tariff Hour Looms
Overseas investors have been fleeing China stocks at a record pace. The central bank set the yuan fixing at 6.7912 per dollar, stronger than forecast by analysts and traders surveyed by Bloomberg. … ( read…
China’s central bank adviser says U.S. tariffs could cut GDP growth by 0.3 percentage points
SHANGHAI (Reuters) – Plans by Washington to hike tariffs on $200 billion of Chinese goods could cut China’s growth by 0.3 percentage points but the strengthening economy has become more resilient … ( read original…
US tariffs could cut China’s GDP growth by 0.3 percentage points, says Chinese central bank advisor
Plans by Washington to hike tariffs on $200 billion of Chinese goods could cut China’s growth by 0.3 percentage points, a Chinese central bank advisor said on Friday. “China’s real economy performance … ( read…
U.S. and China arrive at moment of reckoning in trade dispute
The United States and China hurtled toward a defining moment in their four-decade-old relationship on Thursday, with financial markets bracing for the outcome of unusually dramatic trade talks in … ( read original story …)
Op-Ed: China’s bond defaults looking grim
This is a far less regulated banking system, which China has been trying to bring under control with varying levels of success. The shadow banking system lends vast amounts of money, and China has ……
Hong Kong issues four more virtual bank licences to spur innovation and disrupt bricks-and-mortar financial services
Hong Kong’s monetary authority has issued four virtual banking licences to applicants affiliated with a trio of China’s largest technology companies as well as the city’s stock exchange, in a move to … ( read…
China Beige Book CEO on US trade war: ‘The Chinese decided to get greedy’
China Beige Book CEO Leland Miller blames China for derailing negotations last week. “Substantively we are very close [to a deal.] We’re almost there,” Miller told Yahoo Finance’s “The Ticker” on … ( read original…
China Mobile Barred From the U.S. Market Over Espionage Concerns
The U.S. and China have signaled hardening positions as they prepare for high-stakes talks in Washington to try and avoid an escalation in a year-old trade war that has cast a long shadow over ……
