The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.
Tagged By beijing
GM Ends US Vehicle Exports to China Amid Trade Tensions
General Motors halts US vehicle exports to China amid tariff tensions despite a recent 90-day pause in wrangling.
China lowers benchmark lending rates for first time since October
China cut benchmark lending rates for the first time since October on Tuesday, after Beijing announced sweeping monetary easing measures earlier this month to support the broad economy.
China’s Power Is a Virus
When a nation bears the blame for more than 7 million deaths worldwide, what is Washington going to do? More than 1.2 million Americans died as a result of a plague that began in China.…
Five of China’s major state banks cut deposit rates
Five of China’s biggest state-owned banks cut deposit interest rates on Tuesday, part of an expected move to alleviate shrinking interest margins at lenders as Beijing rolls out sweeping monetary …
GM to stop exporting U.S.-made cars to China
The move comes as the United States and China continue discussions on tariffs and other trade issues. GM exported vehicles from the United States to China through its Durant Guild …
Chinese battery giant CATL seeks $4 bn in Hong Kong IPO
Chinese battery giant CATL makes its debut on the Hong Kong stock exchange on Tuesday, with the firm aiming to raise $4 billion in the largest initial public offering (IPO) in the city so far…
Third time lucky? Richard Li’s insurer FWD files to list in Hong Kong amid rising IPO wave
The insurer has received preliminary interest from potential investors for its third attempt to list in Hong Kong, sources say.
GM joins Ford in halting exports to China as potential tariffs loom
Goods imported into China from the US faced tariffs of more than 100% before the two countries agreed to lower the levies for 90 days.
China’s Economy Stumbles As It Fails To Shake Off Trump’s Tariff Gut Punch
New economic data shows key Chinese industries continuing to struggle in the wake of President Donald Trump’s reciprocal tariffs. Retail sales, which track the sale of new and used goods to the …
Beijing Says U.S. Huawei Comments Undermine Recent Trade Talks
Chinese authorities are reiterating their opposition to a Trump administration directive against certain high-end chips produced by Huawei, saying it undermines a recent consensus on trade. Days after …
Hegseth reveals plans to counter China, stay ahead in arms race as Pentagon pivots to Indo-Pacific
Defense Secretary Pete Hegseth tells ‘The Will Cain Show’ how the United States is working to stay ahead in modern warfare.
GM to stop exporting vehicles from US to China, company says
General Motors on Friday informed employees and dealers for its China export business that it would stop shipping vehicles to China from the United States, the company said.
