Small business owner Philip Chen has never borrowed a penny from a bank, even during his darkest days back in 2003, when he had to turn to friends and relatives for the money to pay…
FINANCE
Banking stocks lead decline in Hong Kong after Federal Reserve defies expectations on rate increases next year
The Hang Seng Index lost 0.9 per cent, or 241.86 points, to 25,623.53, with banking and financial stocks leading the declines. HSBC fell 0.9 per cent to HK$63.55, China Construction Bank lost 0.8 per ……
U.S.-China trade war biggest economic threat for 2019, Poloz says
An all-out U.S.-China trade war could spark 1970s-style stagflation that would threaten the inflation-fighting reputation of the world’s central banks, Bank of Canada Governor Stephen Poloz warned Mon… ( read original story …)
The new era of US-China decoupling
Last week he hinted he could release Meng Wanzhou, Huawei’s chief financial officer, who faces extradition from Canada, in exchange for Chinese concessions. He was also criticised for waiving sanction… ( read original story …)
China’s central bank unveils new targeted monetary tool
View of the headquarters of the People’s Bank of China, the central bank, in Beijing, on Nov 25, 2018. [Photo/IC] BEIJING – China’s central bank on Wednesday introduced a new kind of lending facility ……
China’s central bank continues fund injection, rates unchanged
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, September 28, 2018. [Photo/VCG] BEIJING – China’s central bank continued to inject liquidity into the money … ( read original…
Washington plans new move targeting China ‘economic aggression’
“It’s an enforcement action under the DoJ’s China initiative that targets China’s continued … The move comes just weeks after Canada arrested Meng Wanzhou, the chief financial officer of Huawei, aft… ( read original story…
Why China’s bond defaults are actually a good thing
Policymakers are sensitive to the need for social and financial stability. The legitimacy of China’s rulers is linked to delivering economic benefits that lead to tangible improvements in people’s liv… ( read original story …)
China lashes out at Ottawa, detaining third Canadian after Huawei CFO arrest
If extradited to the United States, Meng would face charges of conspiracy to defraud multiple financial institutions, with a maximum sentence of 30 years for each charge. China has protested her arres… ( read original…
China just reported ‘ugly’ economic data because of the trade war and it’s roiling financial markets
China on Friday reported industrial output and retail sales growth for the month of November that missed expectations, according to data from the National Bureau of Statistics. The world’s second-larg… ( read original story …)
Explained: Why China’s Make in 2025 is a paper tiger
Its financial scale has sent shudders, with hundreds of billions of dollars in funds backed by state banks and other pools of government capital. But Beijing doesn’t have much to show for all this. Ch……
China keeps short-term borrowing rates steady after Fed hike
China’s central bank left its short-term borrowing rates unchanged on Thursday, choosing not to follow its U.S. counterpart, which raised its benchmark rate just hours earlier. The decision follows th… ( read original story …)
World Bank expects China’s economic growth to slow to 6.2 percent in 2019
The World Bank’s outlook on China’s 2018 economic growth, which would be the weakest in 28 years, remained unchanged from its prediction in April. Consumption will remain the main driver of China’s ec… ( read…
