Beijing appealed to Washington on Wednesday to “meet China halfway” and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. ( read original story…
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Beijing appeals to US to ‘meet China halfway’ on trade
Fugitive Chinese billionaire’s skyscraper sold online by Beijing court — at a discount
With its exaggerated crown and bulging upper floors, the 39-floor Pangu Plaza casts an unusual shadow over Beijing. And now the dragon-inspired skyscraper has an equally odd ownership story: It sold … ( read original…
China hosts Japan, S. Korea ministers in bid to smooth row
China is also using the trilateral meeting to reiterate its … Kang attacked Japan over its export controls, according to Japanese news reports. At the news conference, however, both sides appeared … ( read original…
Goldman Applies for Control of China Investment Banking Venture
Goldman Sachs Group Inc. sought regulatory approval to buy a majority stake in its investment banking joint venture in China … a spokesman said Wednesday. Beijing Gao Hua Securities Co., controlled … ( read original…
China Traders Bet Big on a Lagging Bank Stock in Hong Kong
(Bloomberg) — It’s trading near its lowest levels since 2016 and has lost $44 billion in value since an April peak — but mainland investors can’t seem to get enough of China Construction Bank Corp.…
Pentagon warns of China’s growing influence in the Middle East
Defence officials are concerned about China’s “desire to erode US military advantages” in the Middle East, Michael Mulroy, the top Pentagon official for the region, told the Financial Times. He argued … ( read original…
Exclusive: China’s Tianjin government orders Bohai Steel restructuring start by September: sources
Since debt-to-equity swaps were re-launched by China in 2016 as a way to reduce corporate financial leverage, they have become a popular tool for banks to deal with state firms’ debt burdens in … (…
China hopes U.S. will come back to the negotiating table at Chile climate talks
“To have that financial support in place is very important and that’s the objective we would like to achieve.” China is a key investor in Chilean renewable energy projects and manufactured half of the ……
Trump says he had to ‘take China on,’ regardless of short-term impact on U.S. economy
“China has been ripping this country off for … that the trade war could trigger a possible U.S. recession weighed on financial markets last week and seemed to put administration officials … ( read original…
China’s Property Slowdown Rocks Turkish Marble Exports
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Weaker Chinese demand for marble, used to bring a touch of opulence to hotels, offices and high-end…
China home buyers wait for better deals as developers see big drop in contracted sales in July amid economic slowdown
A further decline (of sales) in the coming months will be seen,” said Yan Yuejin, research director at Shanghai-based property services company E-House China R&D Institute. China’s July home prices … ( read original story…
China’s property developer Vanke net profit surges 29.8% in H1
China Vanke Co Ltd, a leading property developer, recorded net profit growth of 29.8 percent in the first half-year, despite a slowdown in the real estate market. The company’s net profits … ( read original…
China Wants Philippines to Stop All Online Gaming
most of them from China. Revenue from the offshore gaming industry is projected to touch 9 billion pesos ($172 million) this year, according to the Philippines gaming regulator. The online casinos … ( read original…
