BEIJING — China’s non-financial outbound direct investment (ODI) in January-July rose 3.3% from a year earlier to 432.92 billion yuan ($61.71 billion), the commerce ministry said on Thursday. ( read original story …)
Tagged By finance
China insists on countering US tariffs
China will take unspecified “necessary counter-measures” to the latest U.S. tariffs on US$300 billion of Chinese goods, the finance ministry said today. The ministry also said the U.S. tariffs … ( read original story …)
China says state cryptocurrency set to rival bitcoin is ‘close’ to launch
A senior official at the People’s Bank of China said the cryptocurrency was “close to being out” at an event held by China Finance 40 Forum, according to separate reports in Reuters and Bloomberg, ……
China fixes its yuan midpoint at 7.0326 per dollar, stronger than analysts expected
China’s central bank set the official midpoint reference rate for the yuan at 7.0326 per dollar on Tuesday, stronger than what analysts were expecting. It was the fourth consecutive session where the … ( read…
How Does Bank of China Limited (HKG:3988) Fare As A Dividend Stock?
Could Bank of China Limited (HKG:3988) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. ( read original story…
U.S. Blacklists China Nuclear Firms Accused of Aiding Military
(Bloomberg) — The U.S. added four Chinese nuclear entities to a trade blacklist, accusing them of helping to acquire advanced U.S. technology for military use in China. China General Nuclear Power … ( read original…
China may use foreign exchange reserves to fight US financial war risk, analysts say
As the United States widens the conflict with China into the realm of finance, raising the possibility that Washington will use the US dollar payment system as a weapon, analysts are wondering … ( read…
China’s Digital Currency Is Unlikely To Be A Cryptocurrency
China’s adoption of digital payments has been astonishing. Alipay, owned and operated by Ant Financial, has more than 600 million average monthly users, an amount of people that is almost twice as … ( read…
China Distance Education Holdings Limited Reports Financial Results for Third Quarter Fiscal Year 2019
– Third Quarter 2019 Net Revenue Up 30.2% Year-Over-Year to $61.7 Million- – Third Quarter 2019 Net Income Up 84.1% Year-Over-Year to $9.4 Million- – Third Quarter 2019 Cash Receipts from Online … ( read…
Trump’s Olive Branch Whacks China With More Tariffs
1, along with more than 3,200 other product categories. Seemingly lost amid the sighs of relief: He is continuing to escalate the trade war against China and ensuring it will drag on for months. Along…
China’s economy worsens in July: Morning Brief
The move de-escalates Trump’s trade war with China, and amounts to a tacit acknowledgement by Trump that his tariffs might hurt American consumers too much. [Yahoo Finance] Unexpected inflation jump … ( read original story…
The Finance 202: Trump contains his inner Grinch, partially delaying new China tariffs
President Trump announced Tuesday that he is ending his war on Christmas. The president’s decision to delay some tariffs on $300 billion of Chinese imports set to take effect next month may have been ……
China Jinjiang Environment reports flat 2Q earnings of $30 mil as higher cost of sales and other losses offset revenue rise
Finance costs fell 5.4% to RMB60.3 million while income tax … Co — entered into a conditional agreement for the acquisition of 29.79% of the shares in China Jinjiang Environment, to become the … (…
