U.S. Treasury Secretary Steven Mnuchin said on Monday the government had determined that China is manipulating its currency, and that Washington would engage with the International Monetary Fund … ( read original story …)
Tagged By beijing
U.S. designates China as currency manipulator for first time in decades
The news knocked the dollar sharply lower and bolstered the price of gold . The Treasury Department said a statement from the People’s Bank of China (PBOC) on Monday made clear that Chinese … (…
China’s yuan falls below sensitive level of 7 to US dollar
BEIJING – China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar for the first time in 11 years on Monday, raising the possibility Beijing might use ……
Trump accuses China of manipulating currency as yuan weakens
WASHINGTON — U.S. President Donald Trump accused China of manipulating its currency after Beijing let the yuan fall to a politically sensitive level against the U.S. dollar for the first time in 11 … (…
China plans pilot project to drop all duties at Shanghai Free Trade Zone, sources say
This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer China is planning a pilot project to drop all duties and ease procedures at its Shanghai Free … ( read…
China Signals No Surrender to Trump’s Latest Tariff Threat
China wasted very little time in signaling on Monday that President … For even more: Subscribe to Bloomberg All Access for full global news coverage and two in-depth daily newsletters, The Bloomberg … ( read…
China just let its currency fall to an 11-year low — a sign Beijing is ready fight back in Trump’s trade war
China’s central bank on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, citing the trade war as the reason for devaluing the currency. It’s…
China’s softer stance on insurance market entry sets the bar too high for smaller insurers, analysts say
China’s latest relaxation on foreign insurance companies entering the country is welcome news for many global brands, yet smaller players appear to have been left out in the cold, according to … ( read original…
Promotions and patriotism: ‘Battle Mode’ Huawei sees China smartphone sales surge
amplifying the brand’s existing broad appeal in its home market – a market it is increasingly dependent on as Washington’s ban on sales of U.S. components and software to Huawei hammers overseas … ( read…
All the bubble tea recipes in China turn up online, but will brands bite back?
Some of China’s most popular bubble tea recipes are being sold online – although sceptics are questioning their authenticity and usefulness. Originally from Taiwan, bubble tea – a tea-based drink with … ( read original…
Cryptocurrency in China: Over the Counter, Under the Table
There remains a great deal of confusion surrounding the legal status of cryptocurrency in China. Related: South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies Between … ( read original story …)
People’s Bank Of China Ramps Up Crypto Development
China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug. 4). PBoC hosted a video … ( read original story…
China’s yuan falls below 7 to U.S. dollar
BEIJING — China’s yuan has fallen below the politically sensitive level of seven to the U.S. dollar, possibly adding to trade tension with Washington. The tightly controlled currency weakened to … ( read original story…
