BEIJING — China warned Wednesday of retaliation if President Trump … This sudden shift sent Asian financial markets tumbling. Wall Street also has taken a hit. But U.S. investors Wednesday were more … ( read…
FINANCE
China banks temper April lending as debt worries rise, but all eyes on U.S. trade threat
While China’s April lending levels have tended … with piles of debt – a legacy of massive stimulus during the global financial crisis in 2008-09 and subsequent downturns. ( read original story …)
China’s gargantuan money market fund is a sign of strength—and deep imbalances
When Ant Financial added a money market fund to its payment app, few people expected it to become the biggest in the world a couple of years later. Its runaway success is a sign of…
Ant Financial rolls out ‘mutual aid’ plan for seniors on Xiang Hu Bao platform
Ant Financial has launched a new cancer-focused health plan on mutual aid platform Xiang Hu Bao to serve the growing number of senior citizens in China. According to the company, the product hopes to ……
US Commission to vote on proposal to ban China Mobile from entering American market
“Senator, hopefully, the FCC will vote on Thursday to agree with my proposal to ban China Mobile from entering the US market,” Ajit Pai, the Chairman Federal Communication Commission (FCC), told … ( read original…
The Finance 202: U.S.-China trade deal hits speed bumps
Brian Klein, who was posted in Beijing, said the administration is assuming too much … and what will be revealing is what happens on Thursday.” You are reading The Finance 202, our must-read … (…
China’s April exports fall ahead of US tariff talks
BEIJING — China’s exports fell unexpectedly in April … Wednesday’s announcement of trade data came after President Donald Trump sent global financial markets plunging with a surprise threat of more … ( read original story…
China April bank lending seen moderating, policy support still on track: Reuters poll
BEIJING (Reuters) – New bank loans in China likely pulled back in April from strong levels the previous month, but may still outpace the historical trend as the central bank keeps up efforts to ……
Bank of America says there are 5 reasons a deal in the US-China trade war is just around the corner
The US-China war’s latest chapter sent markets into freefall and roiled investors. But Bank of America says a resolution may be just around the corner. After months of calm during a trade-war truce, … (…
China’s central bank stocks up on gold as it seeks to diversify
China’s central bank added gold to its reserves for the fifth month in a row in April, the latest emerging market central bank to stock up on the yellow metal. The People’s Bank of China…
POLL-China April bank lending seen moderating, policy support still on track
BEIJING, May 8 (Reuters) – New bank loans in China likely pulled back in April from strong levels the previous month, but may still outpace the historical trend as the central bank keeps up efforts…
JPMorgan poised to be first foreigner to get majority in China fund venture
A move by JPMorgan towards that goal would come at a tense time in U.S.-China ties, as Chinese Vice Premier Liu He is set to continue trade negotiations with the United States that were roiled…
Slump in China Stocks Threatens to Spoil Tech Board Plan
Sentiment has soured just as China plans to open a Nasdaq-style board, expected as soon as June. After surging at the start of the year, the Shanghai Composite Index has tumbled more than 11 percent…
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