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 ...)
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 story ...)
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 story ...)
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 story ...)
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. ( read original story ...)
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 story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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 story ...)
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 ... ( read original story ...)