The world approved a bitterly negotiated climate deal; poorer nations dismissed a US$300 billion a year pledge from wealthy polluters as insultingly low.
Tagged By finance
China’s biggest Trump 2.0 threat would be changes led by Elon Musk, adviser warns
China’s biggest risk during Donald Trump’s second term as president would be US government overhauls driven by tech billionaire Elon Musk, a leading Chinese political scientist and policy adviser to …
China can manage ‘external shocks’ of U.S. tariffs, senior official says
Trucks and engineering vehicles await transportation from a port in Yantai in eastern China’s Shandong province, on Nov. 19. A senior Commerce Ministry official in Beijing said China can manage …
China’s richest person wants a personal apology from ByteDance’s founder for not stopping social media attacks against him
Zhong Shanshan, chairman of Nongfu Spring and China’s “bottled water king,” has an axe to grind with two of the country’s biggest tech companies. Zhong slammed Pinduoduo, a Chinese e-commerce platform …
China Market Update: Fintech Lender Shows Improving Consumer, China Gears Up For Trade Negotiation
Asian equities were mostly lower overnight following a flat session on Wall Street that saw “Magnificent 7” names hit with profit taking. This was despite a pullback in the US dollar’s strength versus …
Temu owner’s shares slump as China slowdown hits sales
PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an ec …
Corporate China seeks dollars as trade tensions rise
Chinese firms are squirreling away even more dollars, pricing contracts in yuan and opening import lines to mitigate currency risks as trade tensions threaten to roil foreign exchange rates.
Development finance veteran urges multilateral response to Trump challenges
Former World Bank vice-president Zhu Xian says China needs to engage with all possible international stakeholders.
Citigroup CEO Fraser meets Chinese vice-premier, Shanghai mayor as Beijing touts reforms
Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.
China stimulus yet to sway long-term investors, bankers say
HONG KONG — China’s string of economic stimulus measures sparked a rush back into its stock market, but private equity and other long-term investors remain wary, prominent players say. Goldman Sachs …
Sen. Romney wants U.S. to compete better with China on foreign development investments
He introduced a bill to require the U.S. International Development Finance Corporation to prioritize projects that take into account national security needs.
China’s banking system is now suffering whiplash from pandemic-era practices
Misuse of loans and an ongoing real-estate crisis are pushing up default rates and exposing weaknesses in banks’ lending practices.
Canada wants Mexico in USMCA trade pact despite China concerns, source says
Canada wants Mexico to stay in a continental trade pact despite concerns about China possibly using it as a back door to flood the North American market, a source directly familiar with the matter …
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