The Chinese yuan crossed a closely watched 7 barrier against the dollar on Monday following a recent reescalation in the trade war between Beijing and Washington.
— Read on www.cnbc.com/2019/08/05/chinese-yuan-moves-against-the-dollar-amid-us-china-trade-turmoil.html
Tag: China
Trade war: China urges US back down after Trump’s $300 billion tariff threat
China’s foreign ministry reportedly said Friday that while Beijing did not want a trade war with the U.S., it was not afraid to fight one.
— Read on www.cnbc.com/2019/08/02/trade-war-china-urges-us-back-down-after-trumps-300-billion-tariff-threat.html
S&P 500 hits new record after Trump and Xi agree to trade truce
The U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.
— Read on www.cnbc.com/2019/06/30/dow-futures-surge-220-points-at-the-open-after-trump-and-xi-agree-to-not-impose-more-tariffs.html
Trump Says U.S. ‘Back on Track’ With China After Meeting Xi – Bloomberg
President Donald Trump said the U.S. was “right back on track” with China after a high-stakes meeting with Xi Jinping on Saturday.
— Read on www.bloomberg.com/news/articles/2019-06-28/trump-xi-to-meet-at-trade-war-crossroads-fraught-with-risks
Jim O’Neill: China could globalize the yuan to challenge USD dominance
Former Chairman of Goldman Sachs Asset Management, Jim O’Neill, said China could use its currency to gain an edge over the U.S. — but not by devaluing the yuan.
— Read on www.cnbc.com/2019/06/20/jim-oneill-china-could-globalize-the-yuan-to-challenge-usd-dominance.html
China’s Father of Electric Cars Says Hydrogen Is the Future [Video]
Jun.12 — Wan Gang, China’s father of electric cars, says hydrogen will be the next big push for the Chinese government. He speaks exclusively with Bloomberg’s John Liu.
— Read on ca.finance.yahoo.com/video/chinas-father-electric-cars-says-233036462.html
China says won’t yield to any U.S. pressure over trade – Reuters
China’s commerce ministry said on Thursday Beijing will not yield to any “maximum pressure” from Washington, and any attempt by the United States to force China into accepting a trade deal will fail.
— Read on www.reuters.com/article/us-usa-trade-china/china-says-wont-yield-to-any-u-s-pressure-over-trade-idUSKCN1TE0WJ
China inflation: May PPI, CPI as US tariffs hit, food prices spike
China’s inflation rose to a 15-month high in May, as food prices spiked, the National Bureau of Statistics data showed on Wednesday.
— Read on www.cnbc.com/2019/06/12/china-inflation-may-ppi-cpi-as-us-tariffs-hit-food-prices-spike.html
China’s loans causing ‘hidden’ debt, risk to economies
China’s lending to other countries, often shrouded in secrecy, is thought to be higher than the amounts that are officially tracked, resulting in much “hidden debt.” That could spark a worse-than-expected slowdown, among other problems, experts warn.
— Read on www.cnbc.com/2019/06/12/chinas-loans-causing-hidden-debt-risk-to-economies.html
Tens of thousands of protesters force delay in Hong Kong extradition bill debate – Reuters
Tens of thousands of Hong Kong demonstrators surrounded the Chinese-ruled city’s legislature on Wednesday, forcing it to postpone a second round of debate on an extradition bill that would allow people to be sent to mainland China for trial.
— Read on www.reuters.com/article/us-hongkong-extradition/tens-of-thousands-of-protesters-force-delay-in-hong-kong-extradition-bill-debate-idUSKCN1TC1WR