BEIJING — China faces bigger economic challenges than its trade war with the U.S. Even before tit-for-tat tariffs, growth in the world’s No. 2 economy was already forecast to cool from 6.8 per cent la……
Tagged By finance
China’s mega banks are boasting higher profits, but investors still aren’t buying their stocks
Investors fear that Chinese authorities, facing a slowing economy and worsening tensions with the U.S., may abandon plans to deleverage and the banking industry could see bad debt pile up again. The l… ( read…
Japan’s trade with China is booming, but irreconcilable differences persist
the idea of hostility between the two East Asian neighbors is sharply at odds with excellent trade numbers and Japan’s unrelenting efforts to keep open the bilateral flows of commerce and finance. Her… ( read…
China culls 38,000 pigs as swine fever spreads
Beijing (AFP) – More than 38,000 pigs have been culled across China, state media said Sunday, as the world’s largest pork producer scrambles to contain an outbreak of African swine fever. ( read original story…
China-Africa trade deficit prominent at conference
China has passed Europe and the United States as the biggest trading partner of most African countries. Most run large deficits with Beijing, exporting minerals and buying Chinese manufactured goods. ( read original story …)
China Party journal warns of trade war’s impact on financial stability
SHANGHAI (Reuters) – A Chinese Communist Party journal said on Saturday that the country may experience near-term pain from trade friction with the United States, including a negative impact on financ… ( read original story…
Beijing’s massive new airport ‘on time’ for 2019 launch
Amid farmlands on the outskirts of Beijing, a massive construction site rising above the horizon bustles with activity as 8,000 workers build a new mega airport. Aimed at easing the passenger load of … (…
Hong Kong’s digital banking push pits tech newcomers against old-guard lenders
Bidders hoping to challenge the dominance of HSBC and its local rivals, Bank of China (Hong Kong) and Standard Chartered , include China’s Ant Financial, Tencent , and Ping An Insur… ( read original story…
China’s Central Bank Faces Tough Task in Guarding Nervous Yuan
September is set to be a hard month for China’s money markets, handing the nation’s central bank the tricky task of adding just enough liquidity without prompting renewed weakness in the yuan. Funding … (…
Japan finance minister, Chinese officials endorse global trade system amidst Trump tariffs
BEIJING—Japan’s finance minister and Chinese officials have pledged support for the multilateral system of global trade regulation ahead of a possible new round of U.S. tariff hikes in a battle over B… ( read original…
China’s banks see jump in fines under chief regulator Guo – UBS
BEIJING (Reuters) – Fines levied by China’s banking regulator have surged since Guo Shuqing became its head in February 2017, rising nearly six-fold from the cumulative fines levied over the previous … ( read original…
Japan says financial dialogue with China ‘extremely good’
BEIJING (Reuters) – Japanese Finance Minister Taro Aso said on Friday that the current round of financial dialogue with China was “extremely good”, and that both sides agreed to maintain cooperation i… ( read original…
China to escalate efforts in curbing financial risks
BEIJING, Aug. 30 (Xinhua) — China’s banking and insurance regulator has vowed to step up efforts in curbing financial risks and deepening reform and opening-up in the sectors. China’s economy has mai… ( read original…
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