People’s Bank of China Saves Baoshang Bank, ICBC Rescues Bank of Jinzhou Earlier this year, the state – through the People’s Bank of China – took control of regional lender Baoshang Bank, the first ……
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Refinitiv removes Reuters story on Hong Kong protests from screens in China
Under pressure from Chinese regulators, financial-information provider Refinitiv has removed from its Eikon terminals in China a Reuters story detailing how an official with Beijing’s Liaison Office … ( read original story …)
How the trade war in China is hurting GM
“China accounted for 44% of their total vehicle sales last year,” Garett Nelson, CFRA’s Senior Equity Research Analyst, told Yahoo Finance. Earlier this summer, the U.S. denied requests from General … ( read original story…
Why Canada needs to disentangle itself from a bullying China
Because of China’s rise and economic might, many Canadians think we ultimately will have no choice but to accede to China’s demands, give up Huawei’s Meng Wanzhou, and resume business with … ( read original…
China warns of retaliation after Trump threatens fresh tariffs
U.S. Secretary of State Mike Pompeo, who was also in Bangkok, decried “decades of bad behavior” by China on trade and said Trump had the determination to fix it. The news hit financial markets hard.…
China’s yuan falls to 2019 low after Trump tariff threat
Trump rattled financial markets Thursday by announcing plans for 10% tariffs on $300 billion of Chinese goods, effective Sept. 1. That would extend penalty duties to almost all U.S. imports from China … ( read…
China Smiles and Waits as World Cuts Rates
(Bloomberg Opinion) — China’s state-driven economic model has created many problems. Monetary policy isn’t one of them. With the U.S. Federal Reserve cutting rates this week and the European Central … ( read original story…
Trump hits China with more tariffs, sharply escalating trade dispute
Asked about the impact on financial markets, Trump told reporters: “I’m not concerned about that at all.” Moody’s said the new tariffs would weigh on the global economy at a time when growth is ……
Pompeo takes aim at China after Trump tariff hit
BANGKOK — U.S. Secretary of State Mike Pompeo on Friday hit out at China for predatory trade practices and human rights abuses that harm economic development. “For decades, China has taken advantage … ( read…
Trump hits China with more tariffs, says Xi moving too slow on trade
The news hit U.S. financial markets hard … economy at a time when growth is already slowing in the United States, China and the euro zone. The tariffs may also force the Federal Reserve to…
The Latest: UN chief worried about US-China tensions
3:42 p.m. The top Democrat on the Senate Finance Committee denounced Trump’s plan. “I am always first in line for getting tough on China,” said Sen. Ron Wyden of Oregon. “But Trump doesn’t have any…
China Bond Defaults Rebound Further in July
Risk appetite in China’s local bond market took a hit … Small and medium-sized banks and non-bank financial institutions are cutting their holdings of lower-rated credit bonds after regulators … ( read original story …)
U.S., China to keep talking on trade after little progress in Shanghai
Senator Chuck Grassley, a Republican from Iowa, one of the biggest exporters of corn and soybeans among U.S. states, and chairman of the Senate Finance Committee, said he was not surprised that China … (…
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