BEIJING — The Trump administration is demanding that Beijing reduce America’s massive trade deficit with China by $200 billion by the end of 2020,striking an assertive stance in talks aimed at averting a trade war…
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Trump wants China to cut US trade deficit by $200B by 2020
Property boom in China border town as world warms to N. Korea
The dramatic diplomatic thaw on the Korean peninsula is sparking an unexpected economic windfall on the Chinese border, where property prices are skyrocketing. The northeastern border city of Dandong — the main artery for China’s…
The Finance 202: Beijing trade talks conclude with no progress. Get ready for a long slog.
Chinese President Xi Jinping is displayed on a big screen as he delivers a speech at the closing session of the annual National People’s Congress in March. (AP Photo/Ng Han Guan) The Trump trade mission…
China denies using lasers on U.S. aircraft in Djibouti after 2 pilots injured
China on Friday denied allegations that its forces targeted U.S. military aircraft with high-powered lasers near China’s military base in Djibouti, resulting in minor injuries to two pilots. Foreign Ministry spokesperson Hua Chunying said China…
No deal: Progress made, but U.S. trade delegation leaves China empty handed
Xinhua News Agency. Chinese proposal: China proposed increasing imports from the United States; asked U.S. to let its government and companies freely buy and use Chinese technology products and services; asked the U.S. to resume…
China Bank income rises in Q1
CHINA BANKING Corp. (China Bank) saw its net profit rise slightly in the first quarter of the year amid growth in its core businesses. In a disclosure to the Philippine Stock Exchange on Friday, the…
U.S. to pitch for higher lending rates at ADB meet as region eyes China
The administration of U.S. President Donald Trump had chided the World Bank’s lending to higher-income countries such as China, saying they should “graduate” to non-concessional loans. “Some of the reform priorities that we pursued at…
China to limit banks’ risk exposure to large, single clients
BEIJING, May 4 (Reuters) – China’s banking and insurance regulator issued rules on Friday to help limit banks’ exposure to large, single clients, as part of a widening clampdown on risks in the financial system.…
China’s Shifting Economic Policy Has Big Investing Ramifications
Notably, Guo Shuqing, the Chairman and Party Secretary of the newly formed China Banking and Insurance Regulatory Commission, has also been appointed as the party secretary of the PBOC. Both Guo and new Central Bank…
China tightens regulation on private lending
An employee counts yuan banknotes at a bank in Huaibei, East China’s Anhui province, June 22, 2010. [Photo/Agencies] BEIJING – China will tighten regulation of the growing private lending market. Without official approval, no entities…
Clifford Beaumont – China to Announce Asset Management Regulations
TAIPEI, TAIWAN, May 03, 2018 /24-7PressRelease/ — A source close China’s central bank revealed that China will unveil new asset management industry regulations within the next week. Clifford Beaumont analysts say markets have been waiting…
The Latest: Trump wants China to cut trade deficit by $200B
BEIJING — The Latest on China-U.S. trade talks in Beijing (all times local): 6:25 p.m. The Trump administration wants China to reduce the trade deficit with the U.S. by $200 billion by the end of…
The wave of massive Chinese tech IPOs has begun
Smartphone maker Xiaomi filed this week to go public in Hong Kong in what’s expected to be the world’s biggest IPO since 2014. It is one of several major Chinese tech companies that could make…
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