The yuan has come under pressure following Donald Trump’s victory in the U.S. presidential election. Wang Tao, chief China economist at UBS Investment Bank, estimates the MLF to remain at 2.0% this …
Tagged By finance
China Central Bank Keeps Key Policy Rate Steady
China’s central bank kept a key policy rate steady in November and drained billions in liquidity from the financial system via a medium-term liquidity management tool. The People’s Bank of China on …
Financial institutions can lend support to trade
To make cross-border payments safe, efficient and convenient, financial institutions should promote the internationalization of the renminbi, promote the expansion of the use of the currency in …
Trump can do a business deal with China
Trump’s reelection as US president has now made a catastrophic breakdown in US-China relations “probable”. But it has also made a constructive breakthrough possible either through an early agreement …
COP29 summit ends with ‘paltry’ US$300 billion climate finance deal; no change for China’s contribution
The world approved a bitterly negotiated climate deal; poorer nations dismissed a US$300 billion a year pledge from wealthy polluters as insultingly low.
China’s biggest Trump 2.0 threat would be changes led by Elon Musk, adviser warns
China’s biggest risk during Donald Trump’s second term as president would be US government overhauls driven by tech billionaire Elon Musk, a leading Chinese political scientist and policy adviser to …
China can manage ‘external shocks’ of U.S. tariffs, senior official says
Trucks and engineering vehicles await transportation from a port in Yantai in eastern China’s Shandong province, on Nov. 19. A senior Commerce Ministry official in Beijing said China can manage …
China’s richest person wants a personal apology from ByteDance’s founder for not stopping social media attacks against him
Zhong Shanshan, chairman of Nongfu Spring and China’s “bottled water king,” has an axe to grind with two of the country’s biggest tech companies. Zhong slammed Pinduoduo, a Chinese e-commerce platform …
China Market Update: Fintech Lender Shows Improving Consumer, China Gears Up For Trade Negotiation
Asian equities were mostly lower overnight following a flat session on Wall Street that saw “Magnificent 7” names hit with profit taking. This was despite a pullback in the US dollar’s strength versus …
Temu owner’s shares slump as China slowdown hits sales
PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an ec …
Corporate China seeks dollars as trade tensions rise
Chinese firms are squirreling away even more dollars, pricing contracts in yuan and opening import lines to mitigate currency risks as trade tensions threaten to roil foreign exchange rates.
Development finance veteran urges multilateral response to Trump challenges
Former World Bank vice-president Zhu Xian says China needs to engage with all possible international stakeholders.
Citigroup CEO Fraser meets Chinese vice-premier, Shanghai mayor as Beijing touts reforms
Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.
