Hanging over the summit in Buenos Aires is the trade dispute between the United States and China, the world’s two largest economies, which have imposed tariffs on hundreds of billions of dollars on ea… (…
FINANCE
China’s coal project in Serbia adds to climate change worry
Things are to get only worse for residents living close to the Kostolac power plant complex in eastern Serbia which is currently being expanded with a $715 million loan from a Chinese state bank and…
A.M. Best Affirms Credit Ratings of China Reinsurance (Group) Corporation and Its Subsidiaries
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of China Reinsurance (Group) Corporation (China Re) and its subsidiaries, China Pro… ( read original story…
China policy round-up: CBIRC publishes foreign bank rules, PBoC suspends open market operations for 26 days, Spain and China deepen financial ties
The CBIRC unveiled 18 new regulations for foreign banks’ operation in China on Wednesday. The new rules will be open to public comments until December 27. The revision touched on some reporting and bu… (…
A Guide to China’s $9 Trillion Shadow-Banking Maze
Shadow banking in China is a vast ecosystem which connects thousands of financial institutions with companies, local governments and hundreds of millions of households. Its growth in recent years, fue… ( read original story …)
China Despairs of Its Dark Financial Underbelly
Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. She previously worked for the Wall Street Journal. ( read original story …)
China Planning Major Purge of $176 Billion Loan Market
It suggests that Xi Jinping’s government isn’t done cracking down on China’s $9 trillion shadow banking industry, despite concern that tougher rules have choked the flow of credit to the world’s secon… ( read original…
China should take steps to bolster its private sector
Other senior officials have voiced similar phrases. But the key question — for China’s growth prospects, for global financial markets and for Beijing’s ballast as it squares off against the US — is wh… (…
Don’t expect much of a trade deal from Trump’s G20 China meeting: economists
China and the U.S. trade deficit with the country … and breaking news at Yahoo Finance. Follow him on Twitter @zGuz. ( read original story …)
Factbox: Four ways China is a major economic driver in Argentina
Since 2015, China has spent $3.6 billion, most of it on transportation and infrastructure projects, says Argentina’s investment and international trade agency. CURRENCY SWAP The financial ties … ( read original story …)
Trump thinks tariffs are the only way to get China to change, some say no
It would harm consumers and it would harm the American economy,” said Bradley at the Yahoo Finance All Markets Summit. Bradley sees indicting bad actors and working with allies in a collective approac… ( read…
G20: US and China tensions dictate against multilateralism
But there was always a sense, particularly as China and other fast-growing emerging market countries took a bigger share of the world economy, that real legitimacy was missing. When the global financi… ( read original…
Kenya partners SimbaPay on money transfer to China
Family Bank, a leading bank in Kenya, has partnered with London-based financial technology firm, SimbaPay, to launch an instant money transfer service from Kenya to China. The transfer is through WeCh… ( read original story…
