BEIJING (Reuters) – China will open an investigation into whether FedEx Corp damaged the legal rights and interests of its clients, the official Xinhua news agency reported on Saturday. The U.S. … ( read original…
Tagged By financials
China Launches Investigation Into FedEx, Xinhua Reports
(Bloomberg) — China is launching an investigation into FedEx Corp. for the wrongful delivery of packages, Xinhua reported. The U.S. express delivery company violated relevant laws and regulations of … ( read original story …)
China-to-Mexico Factory Shift Thrown in Disarray by Trump Threat
(Bloomberg) — In the past couple of years, Mattel Inc. has been consolidating more of its manufacturing in Mexico, shrinking its presence in China and other locales to cut costs on the Barbie dolls ……
China Tariff Retaliation Kicks In as Trade War Ratchets Up
China raised tariffs on tens of billions of … Goods will be exempted for a year after approval, according to the Ministry of Finance. Airplanes, some petroleum-based oils, turboprop engine … ( read original story…
‘We’re pretty helpless’: American farmers react to China’s latest trade war play
“I just feel like it’s another piece of the puzzle they have to work through,” Lorenda Overman, a North Carolina-based farmer who grows soybeans, corn, and wheat, told Yahoo Finance. “I feel like … (…
China ready to hit back at U.S. with rare earths: newspapers
BEIJING (Reuters) – China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would…
China threatens corporate hit-list on eve of new tariffs on U.S. imports
BEIJING (Reuters) – China threatened on Friday to unveil an unprecedented hit-list of “unreliable” foreign firms, groups and individuals that harm the interests of Chinese companies, as a slate of … ( read original story…
Trade war could trigger a ‘global financial crisis,’ says ex-China central bank chief
“If the China-U.S. trade war continues to grow larger, it may cause the global economy to decline, and may cause a global financial crisis,” says Dai Xianglong, former governor of the People’s Bank of ……
China Has Rare Earths Plan Ready to Go If Trade War Deepens
The measures would likely focus on heavy rare earths, a sub-group of the materials where the U.S. is particularly reliant on China. The plan can be implemented as soon as the government decides to go…
Beijing to be ‘new highland’ for securities industry
“We will also aid Beijing in becoming the country’s technology innovation center,” Yan said, adding the CSRC will support qualified companies to utilize the S&T innovation board to grow stronger. Wang … ( read original…
China’s Challenges Pile Up as Factories Slow Amid Trade Standoff
(Bloomberg) — China’s manufacturing sector slowed more than expected and further signs of stress in the labor market appeared, adding to a weakening currency and financial nervousness on the list of … ( read original…
Stop blaming the US-China trade war for everything
The culprit? You guessed it: the trade war. The tussle between the U.S. and China is being blamed for all manner of economic and financial developments. Some of these are only vaguely related to the…
China’s banking, insurance sectors to further open up
Wang Zhaoxing, deputy chairman of the China Banking and Insurance Regulatory Commission (CBIRC), speaks at the Annual Conference of Financial Street Forum 2019 in Beijing. [Photo/Xinhua] China’s … ( read original story …)
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