The U.S. crackdown, announced on Wednesday, was the latest shot fired in an escalating U.S.-China trade war that is rattling financial markets and threatening to derail a slowing global economy. … ( read original story…
Tagged By banking
When China Jump-Starts Its Shadow Banking Units, You’ll Know It’s Bad
When China starts pumping up its real state market and turns a blind eye to provincial shadow banking, then you know things are not going according to plan in Beijing. So far, there is no…
The Finance 202: Trump dashes hopes of trade peace with China, Europe and Japan
You are reading The Finance 202, our must-read tipsheet on where Wall Street … culture as the world becomes ‘multipolar,’ my colleague Gerry Shih reports from Beijing. “Wednesday’s conference came … ( read original story…
Industrial and Commercial Bank of China tops Forbes’ Global 2000 list for seventh year, while ‘Made in China 2025’ sectors languish
US bank JPMorgan Chase, which has benefited from tax cuts initiated … The list paints a grim picture as far as Beijing’s ambitious “Made in China 2025” programme is concerned. The initiative aims to ……
China arrests 2 Canadians on spy charges after months of detention
shortly after Canada arrested Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou, who faces extradition to the United States. China has repeatedly demanded Meng be released, and has … ( read original story …)
China formally arrests two Canadians on state secrets charges
shortly after Canada arrested Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou, who faces extradition to the United States. China has repeatedly demanded Meng be released, and has … ( read original story …)
China’s Wildest Rates Since 2014 Leave Bond Traders Stranded
(Bloomberg) — China’s bond traders are throwing away the script this year as the central bank repeatedly tweaks policy to keep up with shifts in the economy. The lack of visibility is sending tremors ……
China Has a $3.65 Trillion War Chest to Counter U.S. Tariffs
If tariffs begin to really hurt China’s growth this year, there’s plenty of direct fiscal firepower left to stoke the economy before the People’s Bank of China would have to cut interest … ( read…
China steps up sales of US Treasuries
Except for a small net purchase last month, China has now sold Treasuries every month since September. Financial Times Except for a small net purchase last month, China has now sold Treasuries every … (…
Secret Bond Deals Making China’s Debt Market More Confusing
S&P, which in January won a license to rate China’s onshore bonds, mainly relies on local financial data providers and the clearing houses to help monitor defaults. “Some such cases are recognized as … (…
China Cuts U.S. Treasury Holdings to Lowest Level Since 2017
The data preceded the recent deepening of the trade war between the U.S. and China that’s rattled financial markets and cast a shadow over the global economy. Both sides slapped new tariffs on the ……
‘Still a lot of work to do’: Steven Mnuchin expects to visit Beijing ‘in near future’ for US-China trade talks
He has led trade negotiations with Beijing alongside US Trade Representative Robert Lighthizer. Speaking at a subcommittee of the Senate Appropriations Committee, Mnuchin said he will attend a meeting … ( read original story …)
No easy options for China as trade war, U.S. pressure bite
The State Council Information Office, finance ministry and commerce ministry did not immediately respond to Reuters’ requests for comment. Of the retaliatory options available to China, none come … ( read original story …)
