A full-blown trade war between Washington and Beijing could lead to falls of up to 50 per cent in equities, instability in the US Treasury market and damage to China’s banking system. That warning from…
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China’s five big banks see faster profit growth
China’s five major banks reported faster net profit growth and lower bad loan rates in 2017. The country’s biggest bank, the Industrial and Commercial Bank of China (ICBC), saw its net profit up by 3…
Chinese sperm bank wants Communist donors who ‘love the socialist motherland’
A sperm bank in China wants donors – but only if they’re good Communists who “love the socialist motherland.” The Third Hospital of Peking University launched a donation campaign this week on its social media…
China applies its own maximum pressure policy on Pyongyang
TOKYO — As the U.S.-North Korea summit looms, President Donald Trump’s maximum pressure policy on North Korea may be working — thanks to China. Beijing appears to have gone well beyond U.N. sanctions on its…
Chinese sperm bank only wants donors who are loyal to Communism
BEIJING — A sperm bank in Beijing has set strict criteria for would-be donors, including a requirement that they are loyal to China’s ruling Communist Party. The state-run Peking University Third Hospital, according to a…
China’s new central bank governor will have to deal with debt and an ambitious economic agenda
The Chinese government has appointed a new head of its central bank. Yi Gang, currently the deputy governor of the People’s Bank of China, will take over the leadership from Zhou Xiaochuan, who had been…
Beijing sperm bank donors must be party loyalists
BEIJING • One of the largest sperm banks in Beijing has set loyalty to the Communist Party as a prerequisite for donors, in a sign that China’s increasing emphasis on ideological training is being extended…
‘New world order’ could stem from US-China trade battle
“The signal must be there is a new order emerging, and how that new order emerges will depend upon the wisdom, the patience and the understanding of the top leaders,” Andrew Sheng, chief advisor at…
China has the ‘financial arsenic’ to ruin the US – but will it use it?
“To take China down would mean an unimaginably cruel battle for the US,” China’s Global Times said. Even a small dose of this financial arsenic would – in the minds of Beijing’s ultra-nationalist faction -…
China is massively betting on coal outside its borders — even as investment falls globally
Chinese financial institutions are the world’s largest investor of … Road Initiative — an infrastructure and investment program widely seen as an attempt by China to construct a massive, multi-national zone of economic and political…
China sperm bank demands Communist Party loyalty from donors
A Beijing sperm bank has demanded loyalty to the Communist Party from all potential donors. Peking University Third Hospital said in a statement on its WeChat web page on Wednesday that donors must “love the…
China vows to ‘counterattack’ US as trade spat worsens
Global financial markets had fallen sharply as the world’s two biggest economies squared off over Beijing’s aggressive trade tactics. They calmed down Wednesday and Thursday on hopes the U.S. and China would find a diplomatic…
China becomes a ‘driving power’ for solar energy with $86.5 billion invested last year
and Bloomberg New Energy Finance. It also found that 98 gigawatts (GW) of new solar capacity was installed in 2017. What’s more, solar power attracted $160.8 billion of investment, more than any other technology. China,…
