(Bloomberg Opinion) — Long before the Federal Reserve signaled interest-rate cuts were coming, China’s central bank was busy fiddling with an intricate dashboard of monetary-policy dials to … ( read original story …)
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One Tit-for-Tat Battle That China Shouldn’t Fight
China’s First Half Fiscal Spending Up 10.7% as Beijing Ramps Up Support for Economy
BEIJING — China’s fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government’s bid to support the slowing economy. … ( read original…
Alibaba shareholders approve stock split that could boost shares ahead of reported Hong Kong IPO
Gil Luria, director of research at D.A. Davidson & Co., said Alibaba may be thinking about an IPO sooner rather than later, arguing the firm is not getting “favorable multiples” in New York and the…
Beijing in league of ‘innovative cities’
Visitors look at a drone during the 2019 National Mass Innovation and Entrepreneurship Week in Beijing in June. [Photo by Zou Hong/China Daily] Municipality gaining in VC funding, patent filings, high … ( read original…
‘Out-dovished’: Key central bank decisions promise to move markets amid heightened uncertainty
China’s economy is cooling … and retail sales figures,” said IG senior market analyst Joshua Mahony. The World Bank has ordered Pakistan to pay a joint venture operated by Barrick Gold Corp. and … (…
World Digital Currency Bank Was Officially Established, RMB May Become the Biggest Winner
Hong Kong, China — (ReleaseWire) — 07/15/2019 –On July 15, 2019, the World Digital Currency Bank was officially established in Suriname, South America, as global financial people focused on the … ( read original story…
China says Canadian citizen is being detained on drug charges
A Canadian citizen detained in China is being held on drug-related offences, Beijing said Monday, at a time of tense relations between the two countries. News of the latest arrest comes amid a … (…
China’s growth cools further as tariff war pressures mount
In the second half of the year, “the external environment may still be more complicated,” said a government spokesman, Mao Shengyong, at a news conference. Quarterly growth was the lowest since China … ( read…
China says no cooperation with U.S. companies that sell arms to Taiwan
China’s foreign ministry said on Monday. Ministry spokesman Geng Shuang made the comments at a daily news briefing in Beijing. He declined to specify which companies would be affected. … ( read original story …)
China’s furniture makers struggle to cushion tariff blow
LANGFANG, China — From switching to cheaper fabrics to clearing order books from the U.S., Chinese furniture manufacturers in this city just south of Beijing are hurriedly adjusting to the new … ( read original…
China Lending Forges Strategic Partnership with Rui Xin Insurance Technology to Develop Online Financial Services Platform
BEIJING, URUMQI, China and HANGZHOU, China, July 15, 2019 /PRNewswire/ — China Lending Corporation (“China Lending” or the “Company”) (CLDC), a non-bank financial corporation servicing micro … ( read original story …)
SoftBank-backed startup preps $500m IPO to make Pepper smarter
NEW YORK — CloudMinds, a Beijing-based robotics startup backed by SoftBank Group’s Vision Fund, has filed for a $500 million listing on the New York Stock Exchange. CloudMinds touts itself as the … ( read…
Out of China: the next big thing in new cars
And this will continue. International studies suggest China’s rate of improvement is running a double the pace achieved by Korean car brands that, in turn, were a lot faster at realising global … ( read…
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