CNIC is a Hong Kong-registered business majority owned by Safe, the central regulator responsible for managing China’s foreign reserves. Corporate records reviewed by the Financial Times showed that Safe, along with state-controlled China Reform Holdings…
FINANCE
Trump threatens almost all imports from China as Beijing fires back
The growing U.S. trade conflict with China hit financial markets hard, and Beijing vowed a firm response. It accused the United States of “extreme pressure and blackmailing” and vowed to retaliate after Trump on Monday…
China central bank says bank reserve ratios should be cut, fuels easing talk
BEIJING (Reuters) – China should cut banks’ reserve requirement ratios (RRR) to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move as its…
China slams U.S. ‘blackmailing’ after Trump makes new trade threat
BEIJING/WASHINGTON (Reuters) – China accused the United States on Tuesday of “extreme pressure and blackmailing” and vowed to retaliate after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of…
Explainer: What can Beijing do if China-U.S. trade row worsens?
BEIJING (Reuters) – China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese…
China central bank says banks’ reserve ratios should be cut, fuels talk of easing
BEIJING (Reuters) – China should appropriately cut banks’ reserve requirement ratios (RRR) to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move to…
Oil falls as flaring U.S.-China trade dispute blunts risk appetite
LONDON (Reuters) – Oil fell on Tuesday as an escalating trade dispute between the United States and China unleashed sharp selloffs in many global markets. The crude price was also dented by expectations that producer…
China prepares retaliatory tariffs against US energy
China is lining up retaliatory tariffs against the US to hit one of its most successful export industries in recent years: energy. Sales of US oil, gas and coal to China have been rising sharply,…
In tit-for-tat, Trump threatens more tariffs against China
The tariffs were quickly matched by China on U.S. exports, a move that drew the president’s ire. “China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property…
Oil falls on spiraling U.S.-China trade dispute, rising output
SINGAPORE (Reuters) – Oil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and China triggered sharp selloffs in many global markets. Crude was also weighed down by…
Establishment of China’s first robo-advisor lab signals the start of an overdue industry reshuffling
Tongji University Robo-Advisor Lab set to guide the sector as it moves into the next stage of development and into what is being termed as the China’s financial robo-advisors era SHANGHAI, June 19, 2018 /PRNewswire/…
Intel has paths around Trump’s China tariffs, analysts say
Intel produces raw chips at six so-called wafer fabs, with three in the United States, one in Ireland, one in Israel and one in China. From there, chips go to so-called assembly and test facilities.…
China’s central bank delivers surprise stimulus as trade spat with US worsens
The surprise injection of funds came just hours after U.S. President Donald Trump escalated the tit-for-tat trade scrap with Beijing by threatening to impose a 10 percent tariff on $200 billion of Chinese goods. Tommy…
