A Wells Fargo executive faces an exit ban in China as the bank navigates legal tensions and operates with minimal presence in the Chinese market.
Tagged By finance
China’s fiscal revenue falls 0.3% in first half
China’s fiscal revenue dipped 0.3% in the first half of 2025 from a year earlier, unchanged from the decline in the January-May period, the finance ministry said on Friday.
China issues guideline on strengthening financial services for rural revitalization
BEIJING — The People’s Bank of China, China’s central bank, and the Ministry of Agriculture and Rural Affairs has jointly issued a guideline on promoting all-around rural revitalization with …
$1 billion of NVIDIA AI chips were reportedly sold in China despite US bans
Financial Times is reporting that $1 billion worth of NVIDIA AI chips were smuggled into China in the three months after the Trump administration tightened semiconductor export controls. Citing sales …
Country Garden Agrees to Key Bank Demands, Easing Debt Deal Path
Chinese developer Country Garden Holdings Co. has agreed to some key restructuring terms a group of bank creditors had demanded, according to people familiar with the matter, potentially easing the …
The Hidden Problem with China’s Bullet Train Network – How Expansion Is Backfiring
China’s bullet train network, once a symbol of its economic progress, is now facing a serious financial crisis. Over the past 15 years, China has built the world’s most extensive high-speed rail …
Scott Bessant Eyes ‘Big, Beautiful Rebalancing’ With China — Says Beijing Must Shift Toward Consumption, Teases ‘Very Interesting’ Purchase Agreements
U.S. Treasury Secretary Scott Bessent says that the United States and China are entering a more constructive phase in trade talks, with the possibility of a broader realignment in their economic …
Global Campus Gen-Z Leaders Exchange Program Concludes in Beijing
On July 14, the closing ceremony of the Global Campus Gen-Z Leaders Exchange Program & Roundtable Forum on Youth Empowerment in Civilizational Mutual Learning was held in Beijing. The program, jointly …
AMERICAS Trade relief, business lift and market high
Early in the day, all eyes will be on the European Central Bank as it announces its latest policy decision. Reports of a Brussels-Washington trade deal that will halve threatened U.S. tariffs to 15% …
Why Pony AI Stock Surged More Than 7% Higher Today
Pony AI added that the rollout is pushing it closer to its ultimate goal of expanding its autonomous fleet to 1,000 automobiles by the end of this year. With that, it’ll have a solid foundation…
China is waging a war on its financial industry. Some high-profile …
It appears the crackdown may intensify, they say. Last week, the CCDI announced it would inspect more than 30 major state-owned firms. They include financial giants such as China Investment Corp …
Is China About to Replace the U.S. Dollar? Brazil’s Recent Deal Signals a Major Shift
In a bold move with far-reaching implications, China and Brazil have agreed to trade directly using their own currencies,bypassing the U.S. dollar. This development challenges the dollar’s long-held …
EU press for more balanced relationship at scaled-back EU-China summit in Beijing
European leaders demanded a more balanced relationship with China at a summit with President Xi Jinping in the Chinese capital on Thursday as the bloc runs a massive trade deficit with China of around …
