China’s commerce ministry made the announcement in a statement … lobsters, salmon and cigars, the finance ministry told the AP in a statement. According to the report, the selected products were chosen to minimize their…
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China Rapid Finance’s (XRF) CEO Zheng Wang Q1 2018 Results – Earnings Call Transcript
China Rapid Finance (NYSE:XRF) Q1 2018 Earnings Conference Call June 15, 2018 8:00 AM ET Executives Joseph Wang – Chief Strategy Officer and Head of Investor Relations Zheng Wang – Chairman and CEO Kerry Shen…
The Latest: US announces tariffs on $50B in China imports
China has said that it will retaliate with $50 billion in tariffs in response, rattling financial markets. It comes in the aftermath of Trump’s nuclear summit with North Korean leader Kim Jong Un (kim jawng…
Slowdown, default risks to prompt China reserve cut-sources
BEIJING (Reuters) – Having reduced the amount of reserves that lenders must hold just two months ago, China’s central bank could soon do it again to support a slowing economy and contain risks posed by…
China Citic Bank outlines big ambitions for new Kazakh unit
ALMATY, June 15 (Reuters) – China Citic Bank Corp has set a target to more than triple the assets of its newly acquired Kazakh unit, Altyn Bank, within three years, saying it can take advantage…
China Targets U.S. Farm Imports With Tariffs on Soybeans, Corn
An additional 25 percent tariff will levied on about $50 billion of U.S. imports, China’s Ministry of Finance said Saturday in a statement on its website. Tariffs on about $34 billion of those imports will…
Trade War’s Battle Lines Drawn as U.S., China Set Tariff Lists
Consumer goods including mobile phones and televisions aren’t being hit with the tariffs. Hours later — early Saturday in China — the nation’s Finance Ministry issued a list of 545 product categories, also covering about…
Trump’s China Tariffs Met With Retaliation Vow From Beijing
The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese imports and pledging additional investment restrictions, which Beijing immediately vowed to retaliate…
Why China’s central bank is taking a different path from the Fed on interest rates
China’s national aggregate finance, the broadest measure of credit, plunged to 760.8 billion yuan (US$118.9 billion) in May, almost half the level in April, as Beijing continued to target shadow banking activities. Liang Hong, chief…
China scores in Latin America
Last week it was China’s expanding financial presence in Latin America that raised eyebrows. Argentina’s central bank said it was negotiating a $5bn swap line with the People’s Bank of China, alongside its $50bn bailout…
Ford’s China struggle continues as May vehicle sales slump 29 percent
BEIJING (Reuters) – Ford Motor Co’s (:F – News) struggle to boost sales in China showed no sign of ending soon with volumes for May sliding 29 percent despite steps being taken by the U.S.…
China’s Theme Park Biz Heading for Bumpy Ride
calls the third era of mainland China’s theme park industry … a new phase of mega-projects combining international brands and IP with substantial Chinese finance. In the pipeline are a Universal mega-park on the outskirts…
China reshuffles central bank monetary policy committee, Governor Yi named chief
China’s top financial regulators also sit on the 14-member policy panel, which meets once every quarter to discuss economic and policy issues. The committee can recommend changes or action when necessary, but its influence is…
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