Despite calling the two cities twin engines for finance, Beijing’s actions favour Hong Kong as China’s one true global funding hub.
FINANCE
Canada, China to Normalize Relations Amid Global Trade Disruption
Canada and China have reached a diplomatic detente, after years of testy relations and with President Trump targeting both countries with hefty tariffs. Prime Minister Mark Carney said a call he held …
US, Chinese officials to meet in London next week for new round of trade talks
Senior U.S. administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, President Donald Trump said Friday …
China Central Bank Pumps Liquidity Into Markets Amid Cash-Crunch Concerns
China’s central bank injected around $139 billion of medium-term liquidity into markets on Friday, a move likely aimed at cushioning against an emerging cash crunch as trade tensions simmer. The …
Trump tariffs live updates: Trump and China’s Xi Jinping speak at last, agree to more talks
President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as “positive” on Thursday, with …
Tesla China EV sales decline continues in May
The US electric vehicle specialist’s sales woes in China were further exacerbated by intense price wars in the world’s largest auto market. In an effort to boost sales, Tesla has …
Trump and China’s Xi break the ice with first phone call since launch of trade war
President Trump and China’s Xi Jinping accepted invitations to visit each other’s countries during a call about their trade dispute and tariffs.
Apple And Alibaba’s AI Launch In China Delayed By US-China Trade Tensions, Regulatory Hurdles
Apple and Alibaba are facing regulatory delays in launching their AI partnership in China due to Beijing withholding approval amid U.S.-China trade tensions, according to the Financial Times. The tech …
Pete Hegseth warns of ‘devastating consequences’ if China tries to conquer Taiwan — how to protect yourself
Hegseth focused his warning on Beijing’s stance toward Taiwan, making the stakes clear for the broader region. “To be clear: any attempt by Communist China to conquer Taiwan by force would result in …
Citi plans to slash 3,500 tech roles in China as global banks cut costs
A slew of major global banks are under fresh pressure to trim costs against the backdrop of deteriorating global economic outlook.
Trump tariffs live updates: US auto suppliers urge action on China rare earths curbs amid tariff strain
On Wednesday, a US auto parts group, MEMA, the Vehicle Suppliers Association, has urged immediate action over China’s tighter controls on rare earth exports, warning the move could soon disrupt car …
Citi to cut 3,500 tech jobs in China in global revamp
HONG KONG] Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5), as it pushes to simplify and shrink global…
China’s overseas income tax global crackdown expands beyond ultra-rich
Chinese authorities are seeking to boost fiscal income and narrow a record budget deficit as Beijing has ramped up stimulus to counter US tariffs …
