Earlier this month, it signed an agreement with China Development Bank (CDB), a major policy lender, to offer 100 billion yuan ($14.55 billion) in financial support for the digital push. Digital econo… ( read original…
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US-China trade war winner: Brazil soybean exports
Last year, Brazil was China’s largest soybean exporter with 54 million metric tons, followed by the U.S. at 32 million metric tons. Brazil President Michel Temer told Yahoo Finance at an event … ( read…
Beijing pushes ahead with opening up its financial sector despite trade tensions
“Just as we have removed foreign ownership caps in the banking sector, we plan to take similar steps … full-ownership operation in the financial sector,” Li added. Beijing has taken numerous steps t… ( read…
Wecash and its 32-year-old founder are driving this joint bid for a virtual bank license in Hong Kong
Wecash, a Beijing-based fintech start-up has teamed up with Japanese financial firm Orix and Hong Kong property developer SEA Group to apply for a virtual bank licence from the Hong Kong Monetary Auth… ( read…
China says U.S. putting ‘knife to its neck’, hard to proceed on trade
BEIJING (Reuters) – A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a … unnerving ……
‘Bullyism’: China says it won’t negotiate on trade with the US as the latest tariffs bite
New US tariffs on $200 billion worth of Chinese goods kicked in on Monday. China has pulled out of trade talks with the US in response and issued a white paper attacking what it called…
U.S., China impose fresh tariffs with no trade talks in sight
BEIJING (Reuters) – The United States and China imposed fresh tariffs on each other’s goods on Monday, as the world’s biggest economies showed no signs of backing down from an increasing bitter trade … (…
Asian shares fall on reports China-US trade talks put off
BANGKOK — Shares have fallen in Asia after China reportedly rebuffed a plan for talks with the U.S. on resolving their dispute over trade and technology. The slow start to the week followed a mixed…
China accuses U.S. of ‘trade bullyism’ as both sides impose fresh tariffs
BEIJING (Reuters) – The United States and China imposed fresh tariffs on each other’s goods on Monday, as the world’s biggest economies showed no signs of backing down from an increasing bitter … ( read…
Beijing launches new crackdown on housing market irregularities
and the Beijing Banking Regulatory Commission. A priority of the campaign is stemming speculation in school zones, where house prices are suspected of being “jacked up.” Dodgy practices by real estate … ( read original…
China to improve financial supervision, reform vaccine production
BEIJING (Reuters) – China will strengthen the coordination of supervision over “systematically important” financial institutions, state television said on Thursday, citing a central government meeting … ( read original story …)
Ex-Google engineer who worked on China search engine calls it ‘wrong’
“It doesn’t surprise me,” ex-Googler Vijay Boyapati, who now works at a cryptocurrency startup, said in an interview with Yahoo Finance. “I think that … not close to launching a search product in Ch… (…
People’s Bank of China Issues Warning on Cryptocurrencies
In the statement issued by the People’s Bank of China, the bank cautioned investors interested in cryptocurrencies about the risks of digital currency trading and initial coin offerings (ICOs). ( read original story …)
