BEIJING (Reuters) – The coronavirus health crisis likely knocked China’s economy into its first decline since at least 1992 in the first quarter, raising the heat on authorities to do more to restore … (…
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Coronavirus to push China’s first-quarter GDP into first decline on record: Reuters poll
China Trims Funding Costs, Adds Liquidity to Banking System
China’s central bank cut interest rates and injected $14 billion into the financial system, bolstering measures aimed at countering the economic fallout from the coronavirus pandemic. ( read original story …)
Wall Street’s Biggest-Ever China Bet Rides on These Bankers
And Todd Leland at Goldman Sachs Group Inc. sees “infinite growth” in asset management. For the executives leading Wall Street’s charge into China, the race is officially on to tap one of the biggest ……
China central bank will conduct medium-term lending facility operation on Wednesday: sources
China’s will conduct medium-term lending facility (MLF) operations on Wednesday, traders with direct knowledge of the matter said. There is no … ( read original story …)
CIOE 2020, the professional infrared exhibition, will be held at Shenzhen World Exhibition and Convention Center from September 9 to 11
Infrared Applications Expo is known as the first and the only professional infrared exhibition in China and will be held … ( read original story …)
Key Part of China’s Shadow Banking Faces Doubling of Defaults
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
How Bush and Obama Ceded the World Health Organization to China, Increasing Risk of Pandemics Like Coronavirus
Trump is halting U.S. funding of WHO after previous administrations’ “benign neglect” policy allowed Beijing to mislead the organization, with deadly consequences. ( read original story …)
Coronavirus: We can’t rely on China if it won’t play by our rules, warns William Hague
Britain must avoid becoming dependent on new technology from China as Beijing has demonstrated during the coronavirus outbreak that the country “isn’t going to play by our rules”, Lord Hague of … ( read original…
Fact check: Smithfield Farms is not selling meat that was slaughtered, processed in China
A viral but false social post states Smithfield Farms raises hogs in the U.S., then sends them to China to be slaughtered and packaged. ( read original story …)
Senate Republicans investigating WHO and China’s coronavirus response
The Senate Homeland Security Committee will conduct a “wide-ranging” oversight investigation into the WHO’s dealings with China … ( read original story …)
McDonald’s apologizes after a restaurant in China bans black customers
African American residents in Guangzhou have been facing increased xenophobia, which forced the U.S. Consulate to issue a travel warning. ( read original story …)
Wall Street’s Biggest-Ever China Bet Is Riding on These Bankers
UBS Group AG’s David Chin wants to double the size of his China investment-bank team. Morgan Stanley’s Wei Sun Christianson plans to build a brokerage business from scratch. And Todd Leland at Goldman … (…
Inside China’s Plan to Power Global Blockchain Adoption
China is about to launch its national blockchain platform, part of Beijing’s grand strategy to lead the digital transformation of the world economy. ( read original story …)
