Within just two months, China, the world’s largest smartphone market, has turned from a growth driver to a weak spot for Apple. “Our business in China was very strong last quarter,” Apple CEO Tim Cook…
FINANCE
China’s super-rich brace for tax raid on $24-trillion wealth pile
China’s plan to cut taxes in 2019 for the masses has the nation’s super-rich running for cover; here’s how the new rules might affect the rich China’s plan to cut taxes in 2019 for the…
China: Anti-Crypto Central Bank Worried Cash Losing Relevance
According to a newly released report by the FT, the adoption of digital payment systems is increasing at such a rapid rate that the People’s Bank of China (PBoC) is concerned about the declining ……
China fourth-quarter economic growth may fall below 6.5 percent: central bank magazine
BEIJING (Reuters) – China’s economic growth could fall below 6.5 percent in the fourth quarter as companies face increased difficulties, a central bank magazine said on Wednesday. “The trend of econom… ( read original story…
Does China e-Wallet Payment Group Limited (HKG:802) Have A Particularly Volatile Share Price?
This article aims to educate investors about beta values, but it’s well worth looking at important company-specific fundamentals such as China e-Wallet Payment Group’s financial health and … ( read original story …)
U.S.-China trade war remains top of mind for Bank of Canada exec
Stephen Poloz, governor of the Bank of Canada, has retreated from his avowed determination to achieve what the central bank calls a “neutral range” for interest rates. That would be a key lending rate ……
China central bank lends 473.50 bln yuan via medium-term facility in Dec
BEIJING , Jan 2 (Reuters) – China’s central bank lent 473.50 bln yuan ($69.11 bln) to financial institutions via its medium-term lending facility (MLF) in December, it said on Wednesday. Outstanding M… ( read original…
China to lend $2bn to Pakistan to shore up rupee
China has pledged to lend at least $2bn to Pakistan to shore up its foreign exchange reserves and prevent further devaluations of the rupee against the dollar, two senior government officials have tol… ( read…
Beijing Dithers as the Economy Declines
Beijing will have to do better if it wants … Only in November, the central bank’s financial stability report declared Chinese bank capital “abundant.” With new loans outpacing new deposits … ( read original story…
China Bank opening more branches in 2019
MANILA, Philippines — Sy-led China Banking Corp. is opening 29 more branches this year as it continues to beef up its footprint nationwide. China Bank opened 22 branches in 2018 including a branch in ……
China curbing banks’ unlicensed ops outside their home base
… off year of sensitive anniversaries with major speech on Taiwan Regional banks in China’s rust-belt provinces are driving the rapid expansion of shadow banking in the country, fuelling a web of in… ( read…
China faces economic challenges in 2019
The World Bank says economic growth in 2018 will peak at 6.5 per cent and fall to 6.2 per cent in 2019. But there are risks. If China and the US cannot reach a deal…
China factory activity shrinks for first time in over two years, 2019 looks tougher
Trade frictions are already disrupting global supply chains, fuelling concerns of a bigger blow next year to world trade, investment and shaky financial markets. The official Purchasing Managers’ Inde… ( read original story …)
