Still, Berkeley’s ties to the Chinese government and sanctioned Chinese companies are sure to raise eyebrows in Washington, where U.S. policymakers are increasingly concerned about the outflow of U.S.
FINANCE
Three Palestinian militants killed in Israeli raid in West Bank
BEIJING (Reuters) – China’s foreign ministry on Monday urged the United States to have the right understanding of China, meet it halfway and bring bilateral …
China’s digital currency could threaten the U.S. dollar. Should the Fed build its own?
Digital currency is coming,” says Paul Melchiorre of R3. “I hope we can get our [act] together for the dollar before it’s too late.” e-CNY …
Why Li Lu, The ‘Warren Buffett Of China,’ Invested In East West Bancorp
East West Bancorp has an extraordinary growth prospect that is completely overlooked. Click here to find out why EWBC stock is a Buy.
Breaking Views: G7 says “de-risking”, China hears “containment”
At the just-concluded conclave of the Group of Seven in Hiroshima, the world’s wealthiest democracies said they want to de-risk, not decouple, from China. Yet Beijing sees them hobbling its strategic …
(LEAD) S. Korea rules out decoupling from China: finance minister
South Korea’s finance minister on Monday ruled out the possibility of decoupling from China, calling the world’s second-largest economy Seoul’s “most important partner” for economic cooperation. South …
China fails Micron’s products in security review
It follows a weeks-long review into Micron by China’s cyberspace regulator, and could affect everything from transport to telecoms to finance. In a statement, the CAC said it had concluded that Micron …
China bans Micron chips in key infrastructure over ‘national security’ risks
China has banned some sales of Micron products after launching a probe into the American memory chip giant for cybersecurity risks in early April. The U.S. has also restricted Nvidia from exporting …
China’s commercial banks see decline in bad loan ratio in Q1
The non-performing loan ratio of China’s commercial banks fell to 1.62 percent by the end of the first quarter (Q1) of this year, with the quality of these banks’ credit assets generally stable, …
We’re taking a more ‘sanguine’ stance on China, JPMorgan says
James Sullivan of the investment bank says “in the medium term we do think outperformance out of China will be difficult.” …
China chip stocks rally after Beijing said U.S. chip giant Micron is ‘major security risk’
Chinese authorities said Micron products have failed its network security review, and cited “serious potential network security issues.” The firm poses a “major security risk” to China’s critical …
China’s Banks Keep Lending Rates Unchanged After PBOC’s Hold
The one-year loan prime rate was maintained at 3.65%, the People’s Bank of China said Monday, in line with 16 of the 18 forecasts from economists surveyed by Bloomberg. The five-year rate, a reference …
China’s PBOC Keeps Benchmark Loan Rates Unchanged
China’s central bank on Monday kept the benchmark lending rates unchanged, as expected, despite recent data signaling a patchy economic recovery. The steady rates were widely expected after the People …