China’s Vice Finance Minister Zhu Guangyao says the country is not to blame for rising protectionism. Zhu’s comments come after China unveiled tariffs on $50 billion of U.S. goods. He argues that these measures were…
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China’s banking and insurance regulator to focus on curbing system-wide leverage
BEIJING, April 4 (Reuters) – China’s new banking and insurance regulator said on Wednesday it will focus on lowering leverage of local governments and state-owned enterprises while seeking to control a rapid rise in household…
China’s retaliation against US tariffs hits global financial markets
China’s retaliation against the US’ latest round of tariffs by slapping additional duties on US$50 billion worth of US imports has sent global markets jittering, with the US market expected to open its next session…
China lists $50B of US goods it might hit with 25 pct tariff
Zhu, the deputy finance minister, expressed thanks to American soybean farmers who he said had lobbied the Trump administration to “safeguard hard-won economic relations between the United States and China.” Story Continues To minimize the…
China vows countermeasures as U.S. issues extensive tariff list
WASHINGTON/BEIJING (Reuters) – China condemned the United States on Wednesday as the Trump administration pushed ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent countermeasures…
China will actively resolve shadow banking risks: central bank
BEIJING (Reuters) – China will actively resolve shadow banking risks and prudently tackle risks associated with financial institutions, the central bank said on Wednesday. China will effectively control the macro leverage ratio and credit risks…
China’s Financial Opening Isn’t Quite What It Seems
Although trade tensions between the U.S. and China show no signs of abating, there are some reasons for cautious optimism. One is that the Americans have finally gotten around to giving the Chinese a concrete…
China cites Deutsche Bank report to dispute US trade deficit numbers
There are several factors which weigh against China in its trade with the US, and the US tends to ignore these, Global Times said. NEW DELHI: Vowing to reduce trade deficit of the US with…
Shadow banking warning highlights China’s ‘debt time bomb’
(MENAFN – Asia Times) Financial Stability Board reveals that US$7 trillion of the world’s riskier non-bank loans are held in China forcing Beijing to act By Gordon Watts April 3, 2018 2:35 PM (UTC+8) >…
BRIEF-China Shandong Hi-Speed Financial Group Sees Over 200 Pct Rise FY Net Profit
* EXPECTED RESULT DUE TO GROWTH IN BUSINESS OPERATION AND FAIR VALUE GAIN ON INVESTMENTS Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
China hits U.S. goods with tariffs as ‘sparks’ of trade war fly
The tariffs, which take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of possible tariffs on up to $3 billion in U.S. goods published by China on…
Washington, Beijing flexing muscles in trade dispute
Beijing on Monday imposed tariffs on 128 American goods, retaliating for President Donald Trump’s decision last month to slap import duties of 25 percent on steel and 10 percent on aluminum. Washington was primarily targeting…
Pressure on China’s banks to report bad debt is good news for foreign investors
China’s second NPL cycle kicked off in 2015 but sales to … through such measures as repurchase agreements and sales to related parties at par. The banking regulator knows what is going on, and in…
