Agricultural Bank of China Ltd. reported disposing of 73 billion yuan in loans this way. That’s an extremely troubling trend, as banks appear to be obscuring rather than resolving their debt problems. And even so,…
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China's Army of Bank Tellers Retreats
Staffing at big four banks falls for first time since 2011 Total headcount at China’s four largest banks fell in 2016 for the first time in six years, as the lenders cut costs and tried…
China's Ant seeks to allay MoneyGram security fears
BEIJING (Reuters) – China’s Ant Financial tried to soothe security concerns about its proposed $880 million takeover MoneyGram International Inc on Thursday, saying it intends to store U.S. user data locally once the deal closes.…
Trump has a weak hand in his summit with China's president
tightening the screws on North Korea requires help from China, which tacitly sustains the rogue nation’s stone-age economy and provides access to global financial markets. Trump, so far, hasn’t said how he’d improve on his…
China may scrap divisive dam in Myanmar to advance other interests: sources
NAYPYITAW (Reuters) – China has shifted its position in a lengthy dispute with Myanmar over the building of a $3.6 billion dam, seven sources said, signaling its willingness to abandon the project in exchange for…
China said to be in advanced talks to buy half of Barrick Gold’s Argentina mine, deal could top $1 billion
TORONTO/VANCOUVER — China’s Shandong Gold Mining Co Ltd is in advanced talks to buy a 50 per cent stake in Barrick Gold Corp’s Veladero gold mine in Argentina, in a deal that could fetch more…
Jim O'Neill: Trump is playing a 'dangerous' game with China
China, the largest trading partner for the US … Protection will lead to great prosperity and strength.” President Obama told Yahoo Finance last year that trade relations have been mischaracterized during the election and emphasized…
China c.bank says to pursue crack down on illegal fund transfers
BEIJING China central bank will pursue a crack down on illegal fund transfers via underground banks and offshore companies, it said in a statement posted on its website on Wednesday. The People’s Bank of China…
China, Cherry Coke, and the Oracle of Omaha
I was in the right place at the right time as the Chinese looked around for famous investors,” Buffett told Yahoo Finance. “I also made a couple of visits to China that received a fair…
China Market Watch: Seven New FTZs Launched, Financial Markets to be Further Opened
China’s seven new free trade zones (FTZs) officially came into effect on April 1. The new FTZs were first announced in August 2016, and are located in Chongqing, Henan, Hubei, Liaoning, Shaanxi, Sichuan, and Zhejiang.…
Is China already altering its economy for Trump?
With Trump having repeatedly suggested on the campaign trail that China manipulated its currency to the downside … head of Asia research at ING Financial Markets. “Ahead of the Trump-Xi summit favorable optics may have…
Trump pressures China on N.Korea before Xi talks
In an exclusive interview with the U.K.’s Financial Times published on Sunday … that might one day deliver a warhead to the western United States. The U.S. claims China hasn’t done enough to increase economic…
Chinese finance is storing up trouble for the rest of the world
Far more challenging and important is integrating China into the financial system. US policymakers should worry about China’s capital account, not its current account. That is where danger now lies. Why does the capital account…
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