MUMBAI, Sept 7 (Reuters Breakingviews) – China is no longer the hottest global trade. It’s only five years since the People’s Republic reached a milestone in its financial opening to the world when …
FINANCE
Marketmind: Brittle markets brace for China trade blues
Asian markets are set to open on the defensive on Thursday, with investors anticipating another slump in Chinese trade activity against a backdrop of rising U.S. bonds yields, new 2023 highs in oil …
China Establishes $41 Billion Fund to Boost Fab Tool Makers
China is gearing up to establish yet another investment fund to finance the development of its domestic semiconductor industry, according to Reuters. The new fund will have $40 billion to invest in …
China against clubbing of climate resilience clause as part of G20 sovereign debt restructuring package
China is opposed to clubbing of the climate resilient clause as part of sovereign debt restructuring of three vulnerable nations — Zambia, Ghana and Ethiopia– proposed by G20 Finance Track, sources …
CIFTIS: Beijing targets higher-level opening-up in industries, factors of production
After years of efforts to advance trade in services and develop its free trade zone, Beijing municipal authorities are now making greater strides to boost openness in various industries, streamline …
Why China’s slowdown is a ‘top risk’ for the US economy
EY’s team of economists also acknowledge that the US economy’s direct trade exposure to China is “rather small.” But “a potential tightening in global financial conditions associated with a ‘China …
Xi Jinping’s absence from G20 frustrates European leaders eager for time with China’s decision maker
European leaders’ efforts to gain a diplomatic foothold with China have been frustrated by President Xi Jinping’s decision to skip this week’s G20 summit in New Delhi. Capitals are increasingly of the …
China’s yuan touches 10-month low before paring some losses as state banks step in
China’s yuan fell to a 10-month low against a buoyant dollar before paring some losses on Wednesday, as state banks stepped in to offer support to prevent the local currency from sinking further.
China, Saudi Arabia enter ‘new stage’ of financial cooperation as state-owned bank opens Riyadh branch
China’s most internationalised state bank on Tuesday opened its first branch in Saudi Arabia in a move to expand the use of yuan amid a growing number of economic deals between the two countries. Bank…
China’s Tencent to unveil AI chatbot after Beijing clears hurdles
HONG KONG (Reuters) -China’s internet giant Tencent Holdings said that it will unveil an artificial intelligence (AI) chatbot on Thursday, according to a social media post it published on Wednesday.
China state banks mop up offshore yuan liquidity, sell dollars onshore -sources
State banks often act on behalf of China’s central bank in the foreign exchange market, but they could also trade on their own behalf or execute clients’ orders. The goal of the state banks’ actions…
China’s central bank conducts 26-bln-yuan reverse repos
BEIJING, Sept. 6 (Xinhua) — China’s central bank conducted 26 billion yuan (3.61 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Wednesday. The move aims to keep …
UPDATE 1-China state banks tighten offshore yuan, sell dollars onshore -sources
State banks often act on behalf of China’s central bank in the foreign exchange market, but they could also trade on their own behalf or execute clients’ orders. The goal of the state banks’ actions…
