Tag: China

April 14, 2023

Brazil’s leftist president began a visit to China on Thursday by taking a swipe at the U.S. dollar and asking why the group of leading emerging economies known as BRICS could not use a currency other than the greenback to […]

January 13, 2023

Rep. James Comer (R-Ky.), chair of the House Oversight Committee, said on Thursday night he wants to follow the trail of anonymous Chinese money to the Biden family, and the possible influence China’s Communist Party may have had on Biden […]

December 19, 2022

Leaving China would mean Citi has an exit strategy in place for 12 of the 13 markets from which it said in April 2021 it would retreat. Poland is the exception. Citi added two markets to its exit list this […]

November 22, 2022

China’s vibrant financial sector, a solid underpinning of the economic prowess and a crucial part of the country’s reform and opening-up, is set to anchor the world’s second-largest economy toward higher-quality growth and amplify its role as a stabilizer of […]

April 20, 2022

Ever since Russia sent troops into Ukraine nearly two months ago, China has refused to join the U.S. and Europe in condemning the Kremlin’s actions or imposing economic sanctions, with officials pledging instead to maintain “normal business ties” with Russia. […]

February 8, 2022

The United States ran a $355,301,700,000 merchandise trade deficit with the People’s Republic of China in 2021, marking the tenth straight year the U.S. trade deficit with China has topped $300 billion, according to data released today by the Census […]

October 12, 2021

With each passing week, it looks like World War III — between America and China — is coming sooner than we think. It’s not going to be fought with bullets or aircraft carriers, although the Chinese are building up their […]

August 24, 2020

China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the U.S. China will provide support for its financial institutions doing […]

July 27, 2020

The FT reports that the news comes “as foreign companies become increasingly concerned about Beijing’s tough cybersecurity rules”, despite China’s cybersecurity laws covering similar regulations to the EU’s General Data Protection Act (GDPR) or the EU Cybersecurity Act. The Wall […]

May 15, 2020

Stocks were well off their lows on Friday and fighting for altitude after data showed U.S. April retail sales plunged more than forecast and on reports the Trump administration will block shipments of semiconductors to China’s Huawei Technologies, stoking fears […]

April 9, 2020

On 3 April, the People’s Bank of China (PBOC) cut the interest rate it pays banks to park funds with the central bank to 0.35% from 0.72%. The PBOC had last cut the rate in November 2008. Beijing also lowered […]

March 20, 2020

Chinese businesses are getting back to work just as many parts of the world are shutting down, and that could add a second jolt to the world’s second-largest economy. Mainland China has reported zero new domestically transmitted confirmed coronavirus cases […]

March 12, 2020

BEIJING — China’s central bank is expected to cut key rates soon, following a directive from a meeting led by the country’s second-in-command, Premier Li Keqiang. Li chaired an executive meeting of China’s highest administrative body, the State Council, on […]

March 10, 2020

A range of banks and financial institutions have offered their worst-case scenarios for 2020, as the spread of the new coronavirus impacts the global economy and roils financial markets. The global uptick in gross domestic product (GDP) could be as […]

March 4, 2020

BEIJING – The U.S. Federal Reserve’s emergency interest rate cut gives China’s central bank much more leeway to lower its own rates, and boost the internationalization of the yuan, analysts said. In response to concerns about the new coronavirus’ economic […]

February 3, 2020

The coronavirus epidemic in China seemed like a distant threat to the U.S. economy a week ago, but that was before the carnage in the stock market. Fear itself, as is often the case on Wall Street, is also contagious. […]

January 27, 2020

The Chinese coronavirus is forcing Wall Street to turn sour on certain stocks. Bank of America downgraded shares of Wynn Resorts to neutral from buy and Oppenheimer downgraded shares of cosmetic company Estée Lauder to perform from outperform on heightened […]

January 27, 2020

U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” […]

November 19, 2019

Shares retreated in Asia on Wednesday after Japan reported its worst monthly decline in exports in three years, putting pressure on the economy as growth slows following a sales tax hike. Adding to regional jitters, the U.S. Senate passed a […]

October 21, 2019

BEIJING — At least on paper, the Chinese government is trying to show how serious it is about improving the local business environment for foreign companies. Joerg Wuttke, president of the European Union Chamber of Commerce in China, told reporters […]