China’s central bank said Tuesday it is “resolutely opposed” to the United States labeling Beijing a currency manipulator a day after it let the yuan weaken significantly against the dollar. China’s … ( read original…
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China could unleash this weapon on the financial markets to wallop the US
China best keep from adding one weapon to its arsenal in its escalating trade war with President Donald Trump. Because if it doesn’t, the blowback on its own financial markets — and the globe more…
China’s yuan falls further amid trade war fears
It said the yuan’s decline was driven by market forces. The U.S. decision is “protectionist behaviour ” that will have “a major impact on global finance,” the People’s Bank of China said on its ……
What now since US classed China as a “currency manipulator”?
Kyle Bass, the CIO of Hayman Capital Management, told Yahoo Finance the trade war between the US and China is “bigger than economics” as another round of tariffs is set to take effect on Chinese…
China’s banking system continues to optimize
A resident withdraws 100-yuan banknotes from ATM machine at the Beijing Branch of the Bank of Communication in Beijing, capital of China. [Photo/Xinhua] China’s banking system saw improved … ( read original story …)
China Capital-Flight Fears Hang Over Yuan After Slide Past 7
Issuance so far this year is a record $138 billion. “Capital flight is still a major concern,” said Fraser Howie, who has two decades of experience in China’s financial markets and co-wrote the 2010 ……
Kyle Bass: If recession hits, China could lose 3 to 4 times more than US did in 2008
In an interview with Yahoo Finance, Bass drew comparisons between the 2008 crisis, and what might happen if world’s second-largest economy hits a rough patch — which may happen as the U.S-China trade … (…
Yuan Steadies After China Fixes Currency Stronger Than Expected
(Bloomberg) — China’s central bank set its currency fixing stronger than expected, suggesting officials want to slow the pace of declines in the yuan. The People’s Bank of China set its daily … ( read…
China Biologic Reports Financial Results for the Second Quarter of 2019
–2Q19 Total Sales Up 12.7% YoY in USD terms, or 20.4% YoY in RMB terms; Net Income Up 45.5% YoY to $41.6 Million; Non-GAAP Adjusted Net Income Up 29.1% YoY in RMB terms — –1H19…
American farmers say China can’t meet its future demand for soybeans without the US
Brazil, the world’s largest soy exporter, can’t independently produce enough soy for China’s swelling middle class, Darin Johnson, a soy farmer in Southern Minnesota, told Yahoo Finance. Over the past … ( read original story…
World’s Biggest Banks Sink to Record Lows as China Pain Spreads
Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, lost $11 billion of market value last week after injecting capital into a troubled regional bank as part of a … (…
Valuations of the world’s biggest banks sink to record lows as China’s economic and debt pain spreads in trade war’s aftermath
China’s “big four” state-owned lenders … lost US$11 billion of market value last week after injecting capital into a troubled regional bank as part of a government-orchestrated rescue. Big Chinese … ( read original story…
Yuan falls below sensitive level of 7 to U.S. dollar, raising fears of new phase in U.S.-China trade war
China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday for the first time in 11 years, prompting concern Beijing might use devaluation as a weapon…
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