BEIJING (Reuters) – China’s leaders are confident the country can cope with major and external risks, they said at a high-level internal financial meeting, amid financial turbulence at home and rising trade tensions with the…
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China says confident of coping with major and external risks
China says “fully prepared” if trade war kicks off this week
Trump has accused China of unfairly acquiring U.S. technology through coercion and theft and limiting market access for U.S. finance and technology firms — claims that China denies. China accuses Washington of protectionism, pointing to…
Exclusive: China presses Europe for anti-U.S. alliance on trade
BRUSSELS/BERLIN (Reuters) – China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials…
Trump moves to block China Mobile’s U.S. entry on security concerns
The impact of the ruling on China Mobile’s business is “very tiny”, said Ramakrishna Maruvada, a Singapore-based analyst with Daiwa Securities. “This doesn’t move the needle.” China Mobile Communications Corp, a state-controlled firm … (…
China central bank seeks to reassure after renminbi tumble
China’s renminbi suffered one of its worst intraday falls on record on Tuesday before the central bank appeared to intervene to stabilise the market. The onshore renminbi fell 0.8 per cent against the US dollar…
China seeks to soothe markets as trade angst rattles stocks, yuan
SHANGHAI (Reuters) – China’s central bank moved to calm jittery financial markets on Tuesday after the yuan dropped through the psychologically significant 6.7 to the dollar mark, hitting its lowest in almost a year as…
China central bank seeks to reassure on renminbi weakness
China’s central bank is paying “intimate attention” to recent renminbi depreciation and will maintain its policy of letting market fundamentals guide the renminbi exchange rate, People’s Bank of China governor Yi Gang said on Tuesday.…
China central bank blames yuan moves on dollar rise, external uncertainty
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…
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…
