China’s President Xi Jinping urged Shanghai to accelerate efforts to turn itself into a technological and innovation hub with global influence as he made his first visit to the city since November …
FINANCE
Bessent says China could lose 10 million jobs from tariffs
U.S. Treasury Secretary Scott Bessent predicted on Tuesday that China could lose 10 million jobs quickly due to tariffs and that Beijing will see over time that Chinese tariffs are not sustainable.
Trump tariff inflation may not materialize if economic outlook dims
While tariffs could raise prices, if they cause a sharp economic downturn or a recession, that in turn could cause demand to fall and prices to cool.
HSBC sees up to $1.6 billion in loss on China bank stake reduction
HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the…
China issues local gov’t bonds worth 1.24t yuan in Q1
BEIJING — China’s local governments issued new bonds worth nearly 1.24 trillion yuan ($172 billion) in the first quarter of this year, data from the Ministry of Finance showed on Monday. Of the total …
Exclusive: China’s Xi to visit Shanghai in show of strength amid trade war
Russian President Vladimir Putin on Monday declared a three-day ceasefire in the war with Ukraine next month to mark the 80th anniversary of the victory of the Soviet Union and its allies in World War…
China on Trump tariffs: ‘They make up bargaining chips out of thin air’
Chinese officials on Monday criticized the Trump administration’s approach to negotiating tariff policy and accused the U.S. of bullying other nations. “They make up bargaining chips out of thin air, …
China’s insider trading crackdown is backfiring. Experts explain why
Would stricter insider trading regulations make financial markets fairer? China’s 2017 sell-by-plan mandate was designed to do just that by requiring corporate executives to predisclose stock sales—a …
Nvidia stock falls as China’s Huawei reportedly readies AI chip after Trump’s export ban
Nvidia stock fell Monday following a report that Chinese tech giant Huawei is readying another advanced AI chip in the wake of President Trump’s export ban on Nvidia chips to China.
Pirelli board says China’s Sinochem no longer controls tyremaker
Pirelli said on Monday its board established that the group’s largest investor, China’s state-owned Sinochem , no longer controls the tyremaker, and added that shareholders will continue to discuss …
China’s billion-dollar footprint near Florida coast poses US national security risk, expert warns
China is expanding its influence in the Caribbean and Americas through diplomacy, infrastructure and strategic partnerships, an expert warned.
Chinese Stocks Fall as Beijing Warns on Negative Impact of Trade Tensions
Chinese shares ended lower, with the Shanghai Composite Index dropping 0.2% to 3288.41. The Shenzhen Composite Index declined 0.9% and ChiNext Price Index was 0.65% lower. Investors are digesting …
China Downplays Impact of Treasuries Swings on Its FX Reserves
A senior Chinese central bank official played down the impact of Treasury market volatility on the country’s foreign exchange reserves, arguing Beijing had diversified its foreign assets enough to …
