BEIJING (Reuters) – China should appropriately cut banks’ reserve requirement ratios (RRR) to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move to…
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Oil falls as flaring U.S.-China trade dispute blunts risk appetite
LONDON (Reuters) – Oil fell on Tuesday as an escalating trade dispute between the United States and China unleashed sharp selloffs in many global markets. The crude price was also dented by expectations that producer…
China prepares retaliatory tariffs against US energy
China is lining up retaliatory tariffs against the US to hit one of its most successful export industries in recent years: energy. Sales of US oil, gas and coal to China have been rising sharply,…
In tit-for-tat, Trump threatens more tariffs against China
The tariffs were quickly matched by China on U.S. exports, a move that drew the president’s ire. “China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property…
Oil falls on spiraling U.S.-China trade dispute, rising output
SINGAPORE (Reuters) – Oil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and China triggered sharp selloffs in many global markets. Crude was also weighed down by…
Establishment of China’s first robo-advisor lab signals the start of an overdue industry reshuffling
Tongji University Robo-Advisor Lab set to guide the sector as it moves into the next stage of development and into what is being termed as the China’s financial robo-advisors era SHANGHAI, June 19, 2018 /PRNewswire/…
Intel has paths around Trump’s China tariffs, analysts say
Intel produces raw chips at six so-called wafer fabs, with three in the United States, one in Ireland, one in Israel and one in China. From there, chips go to so-called assembly and test facilities.…
China’s central bank delivers surprise stimulus as trade spat with US worsens
The surprise injection of funds came just hours after U.S. President Donald Trump escalated the tit-for-tat trade scrap with Beijing by threatening to impose a 10 percent tariff on $200 billion of Chinese goods. Tommy…
China hopes countermoves will help prevent all-out trade war with US
which came close to collapse last month after Washington imposed sanctions barring China from buying US-made microchips. Trade tensions come at a difficult time for Beijing as financial tightening aimed at lowering the country’s mounting…
China’s financial liquidity reasonable, stable: central bank
A clerk counts cash at a bank outlet in Hai’an county, East China’s Jiangsu province. [Photo/China Daily] BEIJING – Liquidity in China’s interbank market has remained reasonable and stable, and credit growth has been moderate,…
Magna strikes deal to build electric vehicles in China, the world’s biggest EV market
Magna International Inc. plans to engineer and build electric vehicles in China, marking the first time North America’s largest auto supplier is expanding its car manufacturing capabilities beyond its 20-year-old Steyr venture. The Aurora, Ontario-based…
Fraying Australia and China relations face testing times in Canberra
SYDNEY (Reuters) – Australia’s relationship with top trading partner China faces a testing two weeks as Canberra prepares to pass laws designed to limit Beijing’s influence in domestic affairs amid pressure on some of its…
China’s Huawei goes on offensive as exclusion from Australia 5G deal looms
Australia, like the United States, worries Huawei is de facto controlled by China, raising fears that sensitive infrastructure will fall into the hands of Beijing. “Recent public commentary around China has referenced Huawei and its…
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