Next steps are unclear, following Commerce Secretary Wilbur Ross weekend meetings with negotiators in Beijing. The rhetoric isn’t troubling Deutsche Bank strategist Will Stephens. The MSCI China Index is one of the most domestically geared…
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China says trade deals are off if US raises tariffs
The purchases are meant to reduce America’s massive trade deficit in goods and services with China, which last year came to $337 billion, according to the U.S. Commerce Department. After the apparent cease-fire, global financial…
China Banks’ Waning Demand Hints at More Bond Defaults Ahead
“You have seen banks redeeming funds placed with non-bank financial institutions that have reduced the pool of funds available for corporate bond investment overall,” said Wright, who has covered China since 2006. He said the…
China Banks’ Waning Demand Suggests More Corporate Bond Defaults
“You have seen banks redeeming funds placed with non-bank financial institutions that have reduced the pool of funds available for corporate bond investment overall,” said Wright, who has covered China since 2006. He said the…
US wants structural changes to China’s economy, Steven Mnuchin tells G7 finance ministers
Speaking at a G7 finance leaders meeting in Canada where he was the target … US Commerce Secretary Wilbur Ross arrives in Beijing for trade talks Ross, who was preceded by more than 50 US…
Renminbi resilience lets Chinese central bank loosen grip
Despite the People’s Bank of China’s loosening of the renminbi’s previously tight peg to the dollar in recent years, the currency still tracks the greenback’s movements more closely than other emerging market currencies. “The renminbi…
China’s life insurers see fall in income as regulator crackdown bites, but e-commerce boom lifts online insurance business
In a briefing on Friday, the China Banking and Insurance Regulatory Commission (CBIRC) said that total premium income for all insurers fell 7.84 per cent on year to 1.7 trillion yuan (US$258.6 billion) from January…
China to use depository receipts for offshore equities as country is unprepared for dual-class stocks
As an international financial hub, Hong Kong has a valuable role to play to support mainland China’s commitment to open and reform its economy, said the former People’s Bank of China governor Zhou Xiaochuan, at…
Yuan Gives Comfort to Analysts as China-U.S. Yield Gap Dwindles
China’s 10-year bonds yield just 65 basis points more than Treasuries, near the smallest premium since 2016. The People’s Bank of China Governor in April described a 90 basis-point gap as “comfortable”, and noted that…
China warns US trade deals are off if tariffs go ahead
The purchases are meant to reduce America’s massive trade deficit in goods and services with China, which last year came to $337 billion, according to the U.S. Commerce Department. After the apparent cease-fire, global financial…
US commerce secretary in Beijing for talks on trade surplus
BEIJING — U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday for talks on China’s promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on Chinese…
China’s HNA, COMAC sign deal for 200 C919, 100 ARJ21 jets
HNA and COMAC said in a statement that they had signed a strategic cooperation under which HNA had agreed to introduce and operate the jets in China and in overseas markets such as Africa over…
Ross arrives in Beijing for talks on trade surplus
BEIJING (AP) — U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday for talks on China’s promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on…
