The outcome of the ongoing US-China trade war will be critical to how China’s economy and those of other Asian nations perform this year, the Asian Development Bank’s president said. If relations were … (…
Tagged By finance
China Yuan Defies Economic Slowdown, for Now, With Fed Help
Even after data on Thursday showed a sharp downturn in China’s factory-gate price gains, the yuan hit its strongest against the dollar since July. It’s up more than 1.5 percent so far this week, despi……
Chinese growth is more of a concern than the American economy right now, private bank says
VP Bank’s Felix Brill said investors should expect more market volatility due to the ongoing U.S.-China trade war negotiations. In fact, he said, the Chinese economy is a bigger cause for concern at t… (…
China Fintech Today: A new column about China’s financial technology sector
This is the first of a biweekly roundup of news from one of the most innovative sectors of the Chinese economy: financial technology, or fintech. China is where some of the most exciting advances in…
China hushes up scheme to recruit overseas scientists
China has asked officials to stop mentioning its premier programme to recruit the brightest tech talent from overseas, after growing suspicions over the scheme from the US. Late last year, the governm… ( read original…
China still borrows billions in low-cost loans from World Bank, as Trump administration pushes back
The second-largest economy in the world is still borrowing billions from the World Bank. China gets below-market rates for projects financed with loans from the World Bank’s International Bank for Rec… ( read original story…
China ambassador accuses Canadian elites of ‘white supremacy’
Michael Kovrig, a former Canadian diplomat, and Michael Spavor, a North Korea expert, were detained in China last month after Beijing threatened to retaliate against Ottawa for arresting Huawei chief … ( read original story…
China says trade talks with U.S. set foundation to resolve concerns
SHANGHAI/BEIJING (Reuters) – Trade talks between China and the United States this week were extensive, and helped establish a foundation for the resolution of each others’ concerns, China’s commerce m… ( read original story …)
In Beijing talks, U.S. seeks details on Chinese goods purchases, trade promises
BEIJING/WASHINGTON, Jan 9 (Reuters) – U.S. officials used three days of trade talks in Beijing to demand more details on China’s pledge to make big purchases of American goods, as well as to push ……
China’s Biggest Bank to Reduce Its Space at Trump Tower
Two of China’s New York power players are pulling back from Trump — Trump Tower, that is. First, a big Chinese conglomerate, HNA Group Co., moved to sell a Manhattan office tower four blocks from…
Bank of England head: China’s renminbi could one day rival the dollar as the world’s currency
China’s renminbi (CNY=X) is likely to become a global reserve currency to rival the US dollar (DX-Y.NYB), Bank of England governor Mark Carney said on Wednesday. “I think it is likely that we will ult……
China’s 2019 gross domestic product forecast cut to 6.2 per cent by World Bank under ‘Darkening Skies’
Beijing has officially put a brave face on the economic slowdown, but the Chinese leadership has been edging towards a serious stimulus package, including more fiscal spending and monetary easing, to … ( read original…
Morning Brief: U.S.-China trade talks conclude as hopes of a deal build
[Bloomberg] China to propose wider 2019 fiscal deficit: China’s Finance Ministry is set to propose a deficit target of 2.8% of gross domestic product as officials seek to balance support for the econo… ( read…
