China’s “big four” state-owned lenders … lost US$11 billion of market value last week after injecting capital into a troubled regional bank as part of a government-orchestrated rescue. Big Chinese … ( read original story…
Featured Posts Title
Myanmar group prosecuted for fraud
China Denounces US Tariff “Bullying”
China’s deflationary slide is worsening as companies spiral into price wars
US Moves To Loosen China’s Grip on Rare Earth Minerals
‘There just aren’t enough quality jobs’: Why China’s graduate wave can’t fix its labour shortage
Local government investigation into kindergarten lead poisoning in China reveals deep distrust in authorities
US Allies in Europe Project Aircraft Carrier Power Near China
Recent Posts
Valuations of the world’s biggest banks sink to record lows as China’s economic and debt pain spreads in trade war’s aftermath
Yuan falls below sensitive level of 7 to U.S. dollar, raising fears of new phase in U.S.-China trade war
China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday for the first time in 11 years, prompting concern Beijing might use devaluation as a weapon…
Asian stock tumble for 3rd day after China lets yuan sink
Shanghai, South Korea and Australia also retreated. China’s central bank allowed the yuan’s exchange rate to sink below the politically sensitive level of seven to the U.S. dollar. That level has no … ( read…
Oil Could Plunge By $30 If China Restores Iranian Oil Imports – OilPrice.com
Should China decide to defy the latest U.S. tariff … hit and plunge by as much as $20-$30 a barrel, according to Bank of America Merrill Lynch cited by CNBC. Early on Monday, WTI Crude…
Lashing back, China lets yuan drop, halts US farm purchases
He added, “This is a major violation which will greatly weaken China over time.” China’s central bank blamed the yuan’s drop on “trade protectionism” — an apparent reference to Trump’s threat last … ( read…
China lets yuan break key 7 level for first time in decade as trade war worsens
Some analysts said the yuan move could unleash a dangerous new front in the trade hostilities – a currency war. The People’s Bank of China (PBOC) provided the early impetus for yuan bears by setting…
China’s yuan falls below sensitive level of 7 to US dollar
BEIJING – China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar for the first time in 11 years on Monday, raising the possibility Beijing might use ……
Fears of China Capital Flight Hang Over a Newly Sliding Yuan
Issuance so far this year is a record $138 billion. “Capital flight is still a major concern,” said Fraser Howie, who has two decades of experience in China’s financial markets and co-wrote the 2010 ……
China’s yuan devaluation has investors ‘puking stocks’
China on Monday surprised global markets by letting the yuan … “We won’t re-test the December lows,” said Mike Piershale, president of Piershale Financial Group. … ( read original story …)
Trump accuses China of manipulating currency as yuan weakens
WASHINGTON — U.S. President Donald Trump accused China of manipulating its currency after Beijing let the yuan fall to a politically sensitive level against the U.S. dollar for the first time in 11 … (…
China plans pilot project to drop all duties at Shanghai Free Trade Zone, sources say
This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer China is planning a pilot project to drop all duties and ease procedures at its Shanghai Free … ( read…
China Becomes Largest Export Market for European Films
China has replaced North America as the largest export market, by admissions, for European movies, according to Europe’s Audiovisual Observatory. Research results released Monday show that China … ( read original story …)
China Signals No Surrender to Trump’s Latest Tariff Threat
China wasted very little time in signaling on Monday that President … For even more: Subscribe to Bloomberg All Access for full global news coverage and two in-depth daily newsletters, The Bloomberg … ( read…
