BEIJING (AP) — One of China’s most prominent figures in global finance says Beijing should press Washington to end their tariff battle by clamping down on exports of goods needed by American … ( read…
Tagged By financials
Beijing can target exports by US companies, ex-finance minister says
Chinese news reports have quoted a former finance minister as saying Beijing can disrupt American companies’ operations by imposing “export controls” if it needs more leverage in its mounting tariff d… ( read original story…
China central bank governor calls for further financial opening
BEIJING (Reuters) – China should continue to open its financial market in order to increase its global competitiveness, Shanghai Securities News reported on Monday citing an essay written by the centr… ( read original story…
Trade war will not derail China’s promise to open up its financial markets, central bank chief says
China is committed to opening up its financial services markets to foreign players irrespective of the trade war with the United States, the head of its central bank said on Sunday, countering claims … (…
People’s Bank of China Backs New Blockchain-based Financial Platform
China continues its blockchain journey by creating a new finance and trading platform with the assistance of its central bank. While some countries may be giving cryptocurrencies the cold shoulder, th… ( read original story…
Typhoon pounds south China after killing 64 in Philippines
HONG KONG (AP) — Typhoon Mangkhut barreled into southern China on Sunday after lashing the northern Philippines with strong winds and heavy rain that left at least 64 people dead and dozens more fear… (…
China’s pockets may not be deep enough to bail out emerging markets
China has extended easy credit to vulnerable countries. But its pockets are not as deep as they once were, analysts say. Lending to emerging markets could also face political backlash. When … ( read original…
Could China find itself at the centre of the next financial crisis because of its mounting debt?
Ten years ago on Saturday, the investment bank Lehman Brothers Holdings collapsed overnight into bankruptcy as the global financial system teetered on the brink of ruin. It marked a pivotal week that … ( read…
China says world trade system not perfect, needs reform
BEIJING (Reuters) – The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s top diplo… ( read…
Trump gives go ahead to impose $200 billion more in China tariffs despite talks, sources say
The threat of fresh tariffs roiled financial markets … from Trump’s protectionism Donald Trump says trade war with China will bring jobs to U.S. — Ford, Apple say no Trump signals escalation … ( read…
Beijing austerity drive prompts local-government ratings cut
highlighting the punishing impact of Beijing’s austerity campaign. For the last decade, Chinese local governments have used such off-budget vehicles to finance infrastructure projects that skirt restr… ( read original story …)
China to Give Venezuela $5 Billion Loan as Maduro Visits Beijing
China agreed to extend a $5 billion credit line to cash-strapped Venezuela, the country’s finance minister said, as President Nicolas Maduro headed to Beijing. Venezuelan Finance Minister Simon Zerpa … ( read original story …)
China to ask Wall Street for ideas on improving U.S. ties
HONG KONG (Reuters) – China will ask Wall Street firms for ways to improve ties with the United States and suggestions to open up its financial sector at a day-long meeting in Beijing on Sunday,…
