BEIJING — China has delayed the publication of a report on its economy, written in conjunction with the World Bank, as it tries to tone down recommendations about reforming its state-owned enterprises … ( read…
FINANCE
China ‘firmly opposes’ Canada’s decision to allow extradition case against Huawei CFO
OTTAWA – The Canadian government cleared the way on Friday for extradition proceedings against the chief financial officer … U.S. sanctions on Iran. China, whose relations with Canada have … ( read original story …)
U.S. companies adapt to ‘endless’ China tariffs
(Reuters) – U.S. manufacturers are accelerating their shift out of China, coming to terms with a new reality: the Trump administration’s tariffs will not go away any time soon. President Donald Trump’ … ( read…
China’s envoy says Turkish Uighur criticism could hit economic ties
Turkey’s trade deficit with China alone stood at $17.8 billion last year, according to Trade Ministry data. In January, Turkey’s Finance Minister Berat Albayrak said it was “impossible” for Turkey to … ( read original…
China invokes SNC-Lavalin controversy to advocate for Huawei exec’s release
Canada is likely to announce on Friday that an extradition hearing against Meng Wanzhou, the telecommunication giant’s chief financial officer, can proceed, legal experts said, worsening already icy r… ( read original story …)
China is blocking World Bank report that calls for state-owned enterprise reform
BEIJING — China has delayed the publication of a report on its economy, written in conjunction with the World Bank, as it tries to tone down recommendations about reforming its state-owned enterprises … ( read…
China Defaults Put Focus on Key Gauge of Industrial Strains
The People’s Bank of China has said that a certain amount of defaults can help improve pricing in the country’s bond market, the world’s third-largest. Read more: Why China’s Bonds Are Defaulting at a ……
The close: TSX falls as disappointing results weigh on bank stocks
Canadian Imperial Bank of Commerce fell 2.7 per cent after the country … data showing better-than-expected U.S. economic growth in the fourth quarter helped offset worries over China. Gross domestic … ( read original story…
China central bank lends 26.55 bln yuan via standing lending facility in Feb
BEIJING , March 1 (Reuters) – China’s central bank extended 26.55 bln yuan ($3.96 bln) of loans to local financial institutions in February via its standing lending facility (SLF), it said on Friday. … (…
China outstanding MLF at 4.16 trln yuan at end-Feb
BEIJING, March 1 (Reuters) – China’s outstanding medium-term lending facility (MLF) was at 4,158 billion yuan ($620.4 billion) at end-February, compared with 4,541.5 billion yuan at end-January, the c… ( read original story …)
China determined to prevent, defuse financial risks: central bank
BEIJING, March 1 (Xinhua) — China is determined to forestall major financial risks amid stabilizing growth and advancing high-quality development, said a central bank official. Currently, China’s eco… ( read original story …)
China’s central bank to take steps for multi-level capital market
BEIJING: China’s central bank will take further steps to encourage equity financing and facilitate capital market reforms to diversify financing services in the banking sector, a senior official … ( read original story …)
China Bank profit climbs in 2018
CHINA BANKING Corp. booked higher net income in 2018 propelled by the sustained growth of its core businesses. In a regulatory filing Thursday, the Sy-led lender said it booked an P8.1-billion net pro… ( read…
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