China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a …
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China vows steps to ease exporters’ pain as Trump’s tariffs hit
Beijing laid out policies to aid exporting companies, including plans to ensure troubled firms get the loans they need, and to boost domestic consumption.
China to keep RMB exchange rate at reasonable, balanced level: central bank
BEIJING — China will maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, Zou Lan, deputy governor of the People’s Bank of China (PBOC), told a press conference …
China holds off on new stimulus, shows composure in US trade war
China has advanced this year’s stimulus plans but is holding off on fresh measures as it tries to maintain composure, betting on Washington blinking first in a protracted trade war.
Beijing widens tax rebates for foreign tourists to drive spending
Beijing: China says it will lower the tax rebate threshold for foreigners visiting the country, an effort to boost consumption as Beijing attempts to offset some of the damage of a trade war with the…
China may make a ‘retaliatory’ move that experts say will ‘hit’ US homeowners ‘hard.’ Here’s what’s happening
Throw in an accelerated mortgage sell-off in China and things could get much worse. Mortgage rates tend to track the 10-year Treasury yield, so it doesn’t bode well for mortgages if investors decide …
China widens tax rebates for foreign tourists to boost spending
The government will expand the list of eligible tax-refund stores to make it easier to claim the rebate. Read more at straitstimes.com. Read more at straitstimes.com.
Foreign companies in China face double hit from trade war
Wholly or partly foreign-owned companies in the country accounted for $980bn of China’s exports last year, or more than one-quarter, and $820bn of imports, or more than a third, data from China’s General Administration of…
Donald Trump Tariffs News Live Updates: China hits out at ‘extreme selfishness’ of tariffs
Developing countries should fast-track US trade deals: World Bank president
Pakistan requests extra 10 billion yuan on China swap line, says finance minister
Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb said, adding he expected the country would launch a …
US Treasury chief calls tariff war with China unsustainable and expects it to ease
Negotiations with Beijing have yet to start, Scott Bessent adds, voicing belief in a possible deal as markets surge on report …
Trump tariffs live updates: China eases some US tariffs as Trump says he wants concessions
The developments came as China has struck a publicly defiant tone and Trump sowed confusion by claiming that he had spoken with Chinese President Xi Jinping, which Beijing denied.
China Reiterates Hitting 2025 Growth Target Amid Trade Tension
China will take measures to achieve its annual economic growth target of around 5% despite escalating trade tensions and uncertainties, the country’s finance minister said in Washington earlier this …
