He couldn’t be reached for comment. China’s Finance Ministry and Commerce Ministry didn’t respond to faxed questions about the sentiments expressed in the essays. In official statements, China has remained defiant since Trump’s decision earlier…
Tagged By banking
China’s Ant Financial is not looking to ‘buy’ technology, says executive
Ant Financial’s Doug Feagin says the impact on the company of a potential restriction on Chinese investment in U.S. technology companies is likely to be limited. Speaking with CNBC, Feagin said the company has built…
Beyond the South China Sea: Beijing may target these waterways next
The South China Sea and Indian Ocean have been the principal theaters for Beijing’s naval ambitions in Asia . The Pacific Ocean and Mekong River, each rife with strategic advantages, could soon be next. For…
Exclusive: Facing U.S. blowback, Beijing softens ‘Made in China 2025’ message
BEIJING (Reuters) – Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington’s complaints about the country’s technological ambitions, diplomatic and…
China frees up more money as trade war takes shape
Regulators have been pushing for such swaps with a view to lessening the financial burden on many of China’s highly indebted companies. US President Donald Trump has threatened new tariffs on Chinese imports, raising fears…
China to Unleash $108 Billion in Reserves Cut for Most Banks
(Bloomberg) — China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan ($108 billion) of liquidity, as it seeks to control leverage and support smaller…
As trade war looms, China is trying to boost its banks’ lending
But the 700 billion yuan ($107.65 billion) in liquidity that the central bank said will result from the reduction in reserves was bigger than expected. China’s central bank said on Sunday it would cut the…
RPT-UPDATE 3-As trade war looms, China cuts some banks’ reserve requirements to boost lending
The People’s Bank of China (PBOC) said on Sunday that the latest targeted cut in some banks’ reserve requirement ratios (RRRs) – currently 16 percent for large banks and 14 percent for smaller banks -…
China to unleash over $100 billion of liquidity
The 200 billion yuan freed for smaller lenders such as the postal bank will be used to fund smaller businesses. China’s central bank will cut the amount of cash some lenders must hold as reserves,…
China regulators free up extra $100B for bank lending
BEIJING — Chinese regulators have freed up an extra $100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington. The reduction on Sunday in…
Every Step China’s Taking to Contain Losses in Financial Markets
Policy makers in China are taking measures to instill confidence in one of the world’s worst-performing equity markets — to limited success so far. The steps, which pale in comparison to policies and restrictions imposed…
Beijing woos foreign businesses as US trade war looms
In its search for business allies abroad, Beijing has also rolled out a number of announcements opening China’s financial services industry, reforms that had long been sought by foreign businesses. Policies announced since March included…
China cuts bank reserves by $100bn to cushion US tariffs
Last week China’s stock markets fell to two-year lows and the carefully managed renminbi declined 1 per cent against the US dollar as Mr Trump escalated his tariff threats and a host of economic indicators…
ADVERTISEMENT
