Earlier, former US President Donald Trump said he closed all his bank accounts in China before he began his 2016 campaign for the White House.
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China’s factories see activity slump to lowest level in almost 3 years as Covid-19 batters economy
Official manufacturing purchasing managers’ index slides to 47.0 in December 56.3 per cent of producers have noted big impact from the pandemic on their operations China’s manufacturing activity …
China Economic Activity Worsens in December as Covid Spreads
China’s economic activity contracted at a steeper pace in December as the country suddenly reversed its Covid Zero policy and the virus swept through major cities, causing people to stay home and …
China’s Reopening Bounce Is Over: The Next Leg Down Begins Soon
The financial media has been focused on the reopening of China trade for several weeks now. The short-sighted view of things is that demand will bounce back and Chinese businesses will respond …
Trump tax returns show China bank account as six years of records released
Returns date from 2015 to 2020 and span nearly 6,000 pages as former president rails against effort by ‘radical left Democrats’ …
China’s Reopening Bounce Is Over: Here’s What’s Next
The financial media has been focused on the reopening of China trade for several weeks now. The short-sighted view of things is that demand will bounce back and Chinese businesses will respond …
China Central Bank Promises More Policy Support for Economy
The People’s Bank of China will keep growth of money supply and total social financing basically in line with nominal economic growth, the central bank said in a statement after a quarterly meeting of …
Permitted share of China’s yuan in Russian wealth fund doubled to 60% -Finance Minister
Russia’s finance ministry on Friday said the maximum possible share of Chinese yuan in its National Wealth Fund (NWF) had been doubled to 60% as it restructures its rainy-day fund to reduce dependency …
China funds with energy bets stand out in a bleak year
Chinese fund managers who made big bets on energy companies are celebrating a year that was brutal for many of their peers.
China’s bank regulator issues rules to tighten oversight on car-finance firms, custody services within commercial banks
Car-finance firms will have to exit the equity-investment business, but will be allowed to expand overseas and to finance add-on products like warranties The China Banking and Insurance Regulatory …
China has abandoned its zero-Covid policy. What will the economy look like in 2023?
As China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high.
China stocks rise amid optimism about 2023 despite COVID woes
China stocks rebounded on Friday, after dropping in the previous two sessions, as traders looked for bright spots in 2023 amid authorities vowing to support growth.
China central bank makes biggest weekly short-term cash injection since 2019
China’s central bank stepped up liquidity support this week by making the biggest weekly cash injection through a short-term bond instrument since 2019 to help financial institutions smoothly tide …