This is the first of a biweekly roundup of news from one of the most innovative sectors of the Chinese economy: financial technology, or fintech. China is where some of the most exciting advances in…
FINANCE
China hushes up scheme to recruit overseas scientists
China has asked officials to stop mentioning its premier programme to recruit the brightest tech talent from overseas, after growing suspicions over the scheme from the US. Late last year, the governm… ( read original…
China still borrows billions in low-cost loans from World Bank, as Trump administration pushes back
The second-largest economy in the world is still borrowing billions from the World Bank. China gets below-market rates for projects financed with loans from the World Bank’s International Bank for Rec… ( read original story…
China ambassador accuses Canadian elites of ‘white supremacy’
Michael Kovrig, a former Canadian diplomat, and Michael Spavor, a North Korea expert, were detained in China last month after Beijing threatened to retaliate against Ottawa for arresting Huawei chief … ( read original story…
China says trade talks with U.S. set foundation to resolve concerns
SHANGHAI/BEIJING (Reuters) – Trade talks between China and the United States this week were extensive, and helped establish a foundation for the resolution of each others’ concerns, China’s commerce m… ( read original story …)
In Beijing talks, U.S. seeks details on Chinese goods purchases, trade promises
BEIJING/WASHINGTON, Jan 9 (Reuters) – U.S. officials used three days of trade talks in Beijing to demand more details on China’s pledge to make big purchases of American goods, as well as to push ……
China’s Biggest Bank to Reduce Its Space at Trump Tower
Two of China’s New York power players are pulling back from Trump — Trump Tower, that is. First, a big Chinese conglomerate, HNA Group Co., moved to sell a Manhattan office tower four blocks from…
Bank of England head: China’s renminbi could one day rival the dollar as the world’s currency
China’s renminbi (CNY=X) is likely to become a global reserve currency to rival the US dollar (DX-Y.NYB), Bank of England governor Mark Carney said on Wednesday. “I think it is likely that we will ult……
China’s 2019 gross domestic product forecast cut to 6.2 per cent by World Bank under ‘Darkening Skies’
Beijing has officially put a brave face on the economic slowdown, but the Chinese leadership has been edging towards a serious stimulus package, including more fiscal spending and monetary easing, to … ( read original…
Morning Brief: U.S.-China trade talks conclude as hopes of a deal build
[Bloomberg] China to propose wider 2019 fiscal deficit: China’s Finance Ministry is set to propose a deficit target of 2.8% of gross domestic product as officials seek to balance support for the econo… ( read…
China to Propose Wider 2019 Fiscal Deficit Amid Slowdown
(Bloomberg) — China’s Finance Ministry is set to propose a small increase in the targeted budget deficit for this year as officials seek to balance support for the economy with the need to keep contr……
Trump Wants Trade Deal With China to Boost Stock Market, Sources Say
(Bloomberg) — President Donald Trump is increasingly eager to strike a deal with China soon in an effort to perk up financial markets that have slumped on concerns over the trade war, according to pe……
How’s China’s Opening to the Financial Sector Going?: QuickTake
Last year, China pledged to allow overseas financial firms greater access to the world’s second-largest economy. Then came the trade war with the U.S., raising concerns that President Xi Jinping could … ( read original…
ADVERTISEMENT
