China’s economic czar tells US Beijing will defend interests

BEIJING (AP) -- China's newly-appointed economic czar has told U.S. Treasury Secretary Steven Mnuchin that Beijing is ready to defend its interests after President Donald Trump announced plans to slap tariffs on nearly $50 billion Chinese imports. The ... ( read original story ...)

JD Finance helps banks win ‘young’ credit clients

Xie Jinsheng, vice-president of JD Finance, introduces the Big Dipper retail credit package in Beijing on March 23, 2018. [Photo provided to] E-commerce giant JD's financial technology arm JD Finance speeds up exporting its technological ... ( read original story ...)

Boeing, financial shares lead losses as Trump targets China

The Trump trade's turning into the tariff tumble. U.S. equity markets sank the most since Feb. 8 and investors sought out havens in Treasuries and gold futures after the U.S. unveiled $50 billion of tariffs against China, honing in on more than 100 types ... ( read original story ...)

Presence of cloud computing growing in financial institutions

BEIJING - The use of cloud computing technology in China's financial institutions is growing, according to a recent report. Nearly 90 percent of Chinese financial institutions have used or plan to use cloud computing technology, according to the China ... ( read original story ...)

Asian shares slump on fears of trade war between US, China

Stocks plunged Thursday on Wall Street after U.S. President Donald Trump imposed sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions between the world's largest ... ( read original story ...)

Donald Trump announces $50 billion tariffs on China

US President Donald Trump today announced USD 50 billion of tariffs on China to punish the country for its "unfair" trade practices, a move that could escalate the already tense trade relations between the world's two biggest economies. ( read original story ...)