China’s manufacturing activity unexpectedly shrank for the first time in nine months in July, a private survey shows, a sign the country’s export machine might be cooling, darkening the economy’s …
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Calling China biggest threat to auto sector, union calls for 100% tariffs
“Today, China presents the most immediate threat to the development … The union said it represents 40,000 auto workers and 320,000 workers across Canada (including Financial Post newsroom employees) …
China Market Update: NDRC Reiterates Ministry Of Finance Policy Support
Asian equities were mixed overnight on Middle East tension escalation, as Taiwan outperformed on strong Q2 growth from US tech and semiconductors while Japan was hit hard on the BoJ’s interest rate …
Former Vice President Of China Development Bank Expelled From CPC
(MENAFN- IANS) Beijing, Aug 1 (IANS) Li Jiping, a former vice president of China Development Bank, has been expelled from the Communist Party of China (CPC) due to serious violations of discipline and …
Saudi wealth fund signs $50 bln of deals with Chinese financial firms
Saudi Arabia’s sovereign wealth fund PIF has signed six memorandums of understanding (MoUs) worth a total of $50 billion with leading Chinese financial institutions, the fund said in a statement on …
China-Russia Trade Faces Hurdles As Global Banks Return 80% Of Yuan Transfers, Delaying Payments By 6 Months Amid US Sanctions
The complications started in December when the U.S. implemented secondary sanctions aimed at financial institutions assisting Russia in evading sanctions. This led to global banks, from China to the U …
Panda bond push: Pakistan gets 5 bids from China to shore up finances
Panda Bonds are onshore renminbi-denominated bonds issued in the People’s Republic of China by non-Chinese entities and serve as a capital-raising platform for foreign countries or companies targeting …
Former vice president of Chinese policy bank expelled from Communist Party, Xinhua says
The former vice president of China Development Bank, Li Jiping, has been expelled from the Communist Party for suspected severe violations of discipline and laws, state news agency Xinhua reported on …
Volkswagen CEO: China is open for discussion on tariffs
Volkswagen’s chief executive said China and Europe should build tariff systems that reward those who invest in domestic car production, adding that the Chinese ministers he recently met in Beijing …
China holds back on more stimulus, citing necessary ‘pain’
China is not planning additional stimulus for the second half of the year, according to officials from the economic planning agency and finance ministry.
China’s Wealth Management Market to Grow Slower in Second Half; Yields to Stay Low, Insiders Say
However, although the growth of the wealth management market peaked in July, it is likely to slow in the second half. July was a big month for the wealth management market, but it will slow…
China to issue 30 billion yuan of book-entry discount T-bonds
China Ministry of Finance said Thursday that it will auction 30 billion yuan about 421 billion US dollars worth of book-entry discount treasury b …
Beijing to introduce travel pass for foreign visitors
For starters, the Beijing Pass will enhance the convenience of subway travel for foreign visitors, who will be able to use their international bank cards to purchase the pass at the city’s seven …
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