The IMF said directors on its executive board, which concluded its annual review of China on July 31, “concurred that greater exchange rate flexibility and deeper and better functioning FX markets … ( read original…
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IMF says China should keep Yuan flexible as wrade war widens
International Monetary Fund says China may need more stimulus if U.S. trade war worsens
The International Monetary Fund said on Friday that China may need more fiscal stimulus if trade tensions with the United States worsen, putting economic and financial stability at risk. The IMF’s … ( read original…
China mulls biggest revamp to its futures market since 2015 restraint
The China Financial Futures Exchange is also considering a new range of products, including futures on the MSCI China A Index, the people said. The bourse plans to introduce an equity volatility index … (…
The U.S. is on a collision course with China – and Canada could get hit
He may use the currency-manipulator label as justification to have his own government intervene in currency markets, either to push China’s yuan higher or to devalue the U.S. dollar. Such a move would … (…
China’s yuan slips, on track for worst week in more than a year
The yuan on Friday was trading 0.1% lower at 7.05 a dollar. The escalating U.S.-China trade war drove much of the volatility across the region this week. “Emerging market currencies have sold … ( read…
China Ex-Central Bankers Warn of Lasting Currency War With U.S.
The U.S.’s labeling of China as a currency manipulator “signifies the trade war is evolving into a financial war and a currency war,” and policy makers must prepare for long-term conflicts, Chen Yuan, … (…
China to push to attract more high-tech manufacturers
BEIJING (Reuters) – China will push to attract more high-tech manufacturers to set up in the world’s No.2 economy, the nation’s commerce ministry said late on Friday, without giving further … ( read original story…
Bank of China Has a Message for Hong Kong: ‘Stop Violence, Contain Chaos’
The terse message in a full-page advertisement from Bank of China Ltd.’s units in Hong Kong greeted local residents on Friday while the city braced for another weekend of unrest. Printed in the … (…
China’s Huawei to invest $800 million in new Brazil factory amid 5G push
Initially, handsets would be imported from China, but the world’s third-largest … trusts the company and the country needs its technology. Rivals noted that Huawei is under particular pressure … ( read original story …)
Former US ambassador to China warns Beijing intervention in Hong Kong will provoke Taiwan
the former U.S. ambassador to China warned Beijing against interference, saying that could escalate tensions across the Strait. Speaking to Yahoo Finance, Gary Locke said mainland intervention in … ( read original story …)
IMF contradicts Trump: China hasn’t manipulated its currency
WASHINGTON — The International Monetary Fund sees little evidence that China’s central bank has deliberately reduced the value of the nation’s currency — a position at odds with the Trump … ( read original story…
We’re at a ‘very dangerous juncture’ with US-China trade negotiations: analyst
This week, the U.S. labeled China a currency manipulator after the yuan sank to … Trump White House are overtaking any semblance of a strategy,” Goujon told Yahoo Finance’s YFI AM on Friday. In ……
Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
squeezed by a worsening U.S.-China trade war. Many Western carmakers were already struggling before the downturn, as Chinese consumers abandoned their mid-market brands for increasingly assertive … ( read original story …)
