China won’t unblock Google’s services for its citizens if US president Donald Trump keeps slamming the country, according to a Financial Times report. Chinese politician Liu Binjie said if Trump kept criticising the country’s trade…
FINANCE
China forex reserves rise slightly in March, stay above $3 trillion
BEIJING (Reuters) – China’s foreign exchange reserves rose slightly in March, though by a bit less than the market expected, as capital control measures and a pause in the dollar’s rally helped contain outflows. Reserves…
These states would get hit hardest by a trade war with China
“They do not, however, want the Trump administration to disrupt what has become a stable atmosphere for American business in China.” Trump’s blistering rhetoric condemning China’s trade practices generated cheers of support on the campaign…
China's Xi has one big message for Donald Trump
When Chinese President Xi Jinping meets with U.S. President Donald Trump in Florida, the message he will likely bring is: don’t blame China for your problems. China’s Foreign Ministry has been telegraphing what Xi and…
China's relationship with North Korea the worst it's ever been, says BlackRock's Fink
BlackRock Chairman and CEO Larry Fink told CNBC on Thursday that China’s relationship with North Korea is the worst it has ever been. Fink, speaking ahead of President Donald Trump ‘s meeting with Chinese President…
China's top four banks slim down
For the first time in six years, China’s four largest banks saw their collective headcount drop in 2016. Lenders also cut costs. Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank…
China's Banks Are Still in Trouble
Agricultural Bank of China Ltd. reported disposing of 73 billion yuan in loans this way. That’s an extremely troubling trend, as banks appear to be obscuring rather than resolving their debt problems. And even so,…
China's Army of Bank Tellers Retreats
Staffing at big four banks falls for first time since 2011 Total headcount at China’s four largest banks fell in 2016 for the first time in six years, as the lenders cut costs and tried…
China's Ant seeks to allay MoneyGram security fears
BEIJING (Reuters) – China’s Ant Financial tried to soothe security concerns about its proposed $880 million takeover MoneyGram International Inc on Thursday, saying it intends to store U.S. user data locally once the deal closes.…
Trump has a weak hand in his summit with China's president
tightening the screws on North Korea requires help from China, which tacitly sustains the rogue nation’s stone-age economy and provides access to global financial markets. Trump, so far, hasn’t said how he’d improve on his…
China may scrap divisive dam in Myanmar to advance other interests: sources
NAYPYITAW (Reuters) – China has shifted its position in a lengthy dispute with Myanmar over the building of a $3.6 billion dam, seven sources said, signaling its willingness to abandon the project in exchange for…
China said to be in advanced talks to buy half of Barrick Gold’s Argentina mine, deal could top $1 billion
TORONTO/VANCOUVER — China’s Shandong Gold Mining Co Ltd is in advanced talks to buy a 50 per cent stake in Barrick Gold Corp’s Veladero gold mine in Argentina, in a deal that could fetch more…
Jim O'Neill: Trump is playing a 'dangerous' game with China
China, the largest trading partner for the US … Protection will lead to great prosperity and strength.” President Obama told Yahoo Finance last year that trade relations have been mischaracterized during the election and emphasized…
