The People’s Bank of China would lower rates twice later in 2019 and once in 2020 as the country’s trade fight with the U.S. heats up, said said Helen Qiao, chief Greater China economist at…
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A VW Group brand lost 96% of its China sales, and now it’s game over
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Recent Posts
China’s central bank is poised to cut interest rates amid trade war, economist says
World Bank downgrades its forecast for global economy
In the 19 countries that use the euro currency, growth is forecast to slow to 1.2%, down from 1.8% last year and the 1.6% the World Bank expected in January. Slowed by the Trump administration’s…
Mnuchin to Meet China Central Bank Chief in Japan, Treasury Says
(Bloomberg) — Treasury Secretary Steven Mnuchin will meet with the People’s Bank of China chief during the Group of 20 gathering of finance ministers and central bankers in Japan over the weekend, … ( read…
Samsung Electronics Says Adjusts Production Volume at China Mobile Phone Plant
SEOUL — Samsung Electronics said on Wednesday it was adjusting the volume of mobile phone production at its plant in the Chinese city of Huizhou due to intensifying competition in the country. Samsung … (…
Samsung Electronics says to cut production volume at China mobile phone plant
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Wednesday it has decided to cut the volume of mobile phone production at its plant in the Chinese city of Huizhou due to the impact of…
Beijing needs to pick a bank bailout message
Regulators downplayed their decision to take over troubled Baoshang Bank, just as another small lender with over $100 bln in assets said auditor EY quit. Officials can rescue banks, or not, but … ( read…
China’s ambassador to Canada to leave post later this month
In a speech at an event sponsored by BMO Financial Group and The Globe and Mail in late May, he lashed out at allegations that China is “an ’autocracy’ with ’no freedom’ and ’violating human…
China coordinates laws to combat global financial crime
Money laundering and global financial crime could undermine trade and investment in major financial markets, offshore centers, and emerging markets. The global phenomenon could put China at risk as … ( read original story …)
China wants to end impasse with Canada by meeting halfway: envoy
China’s ambassador to Canada says his government … since the December arrest of a Chinese telecom giant’s chief financial officer in Vancouver. The arrest of Huawei’s Meng Wanzhou was … ( read original story …)
Prepare for the 100-year war between the US and China
The rise of China is not an important cause of western malaise. That reflects far more the indifference and incompetence of domestic elites. Financial Times Anybody who believes a rules-based … ( read original story…
Huawei ban: China threatens to ban foreign companies
China’s statement that it intends to publish such a list follows additional measures last week that deepened the bite of US sanctions imposed on Huawei in mid-May. Several leading US-based global … ( read original…
USTR, Treasury defend Trump strategy on trade row with China
That announcement followed a decision by the U.S. Commerce Department to effectively bar U.S. companies from selling or transferring technology to Huawei Technologies, a company based in southern … ( read original story …)
Wake-Up Call: US-China Tech Race Could Only Be The Beginning
China is seeking to grab tech leadership from the United States. China technology benefits from massive government support pushing key technological sectors to be first in the world. Chinese startups … ( read original story…
