China will continue to “improve the exchange rate mechanism and keep the RMB exchange rate in line with fundamentals at an adaptive equilibrium level”, Mr Chen said. The potential for foreign … ( read original…
Tagged By finance
VW to take on Tesla X in China from 2021 with electric SUV
SHANGHAI (Reuters) – Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up … (…
China, Japan tout ‘recovered’ ties amid global uncertainty
BEIJING — Japan’s foreign minister says China and Japan have the opportunity to “take charge of the economic field” during a time of worldwide uncertainty. Taro Kono met with Chinese Foreign Minister … ( read…
China to Maintain Prudent Monetary Policy, PBOC’s Chen Says
China will maintain a prudent monetary policy … stable,” Chen said a statement to the International Monetary and Financial Committee, which was posted on the IMF’s website. ( read original story …)
Italy’s finance minister says there is no backlash from the US after signing agreement with China
boost Beijing’s international influence and force developing nations to take on high debt burdens. Italy hasn’t suffered any negative reaction from U.S. authorities after having agreed to be part of … ( read original story…
China’s auto show highlights electric ambitions
Communist leaders are shifting the burden to automakers by imposing mandatory sales targets for electrics, adding to financial pressure on them amid … Automakers are looking to China, their biggest … ( read original story…
US wants World Bank to give more support to poorest nations
WASHINGTON – The World Bank, a major source of development lending, needs to make more progress in shifting its loans away from fast-growing economies such as China and devoting more support to the … (…
China’s ‘funds by phone’ culture leads the world
According to Oliver Wyman, the financial consultancy, assets under management at Chinese fund companies reached $7.4tn at the end of 2017, up from $1.6tn in 2012. It estimates that the amount will be … (…
China Data Not Enough to Rescue Stocks From Worst Week of 2019
Looking ahead, traders will want to see how the People’s Bank of China reacts to a $54.6 billion wall of maturing loans next week. The central bank hasn’t injected cash into the financial system for…
China’s auto sales sink in March for 9th month
BEIJING — China’s auto sales fell again in March but the contraction in the biggest global market was smaller than in recent months, an industry group reported Friday. Sales of SUVs, sedans and … (…
China’s Credit Growth Surges Back, Signaling Firmer Recovery
Aggregate financing was 2.86 trillion yuan ($426 billion) last month, compared with about 700 billion yuan in February, the People’s Bank of China said Friday. The median estimate was 1.85 trillion … ( read original…
China’s Ant Financial amasses 50 million users, mostly low-income, in new health plan
SINGAPORE (Reuters) – A mutual health aid plan launched by Ant Financial Services Group, the dominant fintech player in China, has amassed more than 50 million users and is aiming for 300 million … (…
China’s Ant Financial amasses 50 mln users, mostly low-income, in new health plan
SINGAPORE, April 12 (Reuters) – A mutual health aid plan launched by Ant Financial Services Group, the dominant fintech player in China, has amassed more than 50 million users and is aiming for 300 ……
