SHANGHAI: China’s central bank chief on Tuesday blamed the yuan’s recent weakness on the US dollar’s strength and external uncertainties, as state-owned banks were seen trying to prop up the currency. “Recently, there have been…
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China central bank blames yuan moves on dollar rise, external uncertainty
Ambitious plans for Southern China megalopolis trigger big hopes and fears in Hong Kong
It is now one of the world’s industrial engines, whose cities have among the highest per capita incomes in China. Property agents in southern China said they had seen a jump so far this year…
China Mobile faces US ban over spying fears
The move against a high-profile Chinese company could add to the bitter dispute between Washington and Beijing over trade and technology. “Because China Mobile is subject to exploitation, influence, and control by the Chinese government,…
China Bank’s Capital Almost Wiped Out as Loan Rules Tighten
A surge in bad loans has nearly wiped out the capital of a Chinese rural bank, according to a local ratings firm, raising fresh doubts about the financial health of the nation’s smaller lenders. Guiyang…
Beijing softens tone on debt crackdown as trade tensions threaten growth
Beijing has signalled a softer stance in its campaign to cut … The MPC is the highest monetary advisory body to the People’s Bank of China (PBOC), the country’s central bank. There was no briefing…
China’s Xiaomi says American ties to smooth U.S. push amid trade tension
On Monday, state-backed China Mobile Ltd (HKSE:0941.HK – News) became the latest Chinese telecommunications firm targeted by U.S. politicians seeking to block market entry on security grounds. The U.S. action comes against a backdrop of…
Trump administration seeks to block China Mobile in the US
These are external links and will open in a new window The Trump administration has said it does not want one of the world’s biggest phone carriers, China Mobile, to provide telecom services within the…
China’s state-owned banks seen supporting yuan as market rout deepens
The outlook for Sino-U.S. trade relations was further clouded on Tuesday by Washington’s moves to block China Mobile (0941.HK) from offering services in the U.S. and news that growth in China’s exports to the United…
Trump moves to block China Mobile’s U.S. entry, citing security concerns
(Reuters) – The U.S. government moved on Monday to block China Mobile (0941.HK) from offering services to the U.S. telecommunications market, recommending its application be rejected because the government-owned firm posed national security risks. (…
Trump moves to block China Mobile’s U.S. entry on national security grounds
(Reuters) – The U.S. government moved on Monday to block China Mobile Ltd from offering services to the U.S. telecommunications market, recommending its application be rejected because the government-owned firm posed national security risks. The…
U.S. government asks FCC to deny China Mobile’s telecom services license request
“After significant engagement with China Mobile, concerns about increased risks to U.S. law enforcement and national security interests were unable to be resolved,” NTIA said in a statement. Follow us on: ( read original story…
U.S. Seeks to Block Entry for China Mobile, Escalating Tensions
The Trump administration urged the blocking of China Mobile Ltd.’s application to enter the U.S. telecommunications market because of potential espionage and other national security risks, building on the heightened tensions between the two countries…
Commerce Department move may doom China Mobile’s hopes for U.S. license
A Commerce Department agency recommended Monday that the Federal Communications Commission reject China Mobile’s bid for a license to operate in the U.S. market, saying Beijing could use the state-owned Chinese telecom giant to spy…
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