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It may utilise its US$3.1 trillion to adopt a more defensive stance, such as supporting the yuan’s exchange rate, as the trade war with the United States spreads to finance.
It may utilise its US$3.1 trillion to adopt a more defensive stance, such as supporting the yuan’s exchange rate, as the trade war with the United States spreads to finance.
Job and income growth uncertainty means consumers remain cautious about spending, while retail sales growth for July is set to slow as effect of cars sales incentives wears off.
Job and income growth uncertainty means consumers remain cautious about spending, while retail sales growth for July is set to slow as effect of cars sales incentives wears off.
China allowed the yuan to weaken below 7 to the dollar on Monday for the first time in 11 years, raising fears of a financial crisis and global recession.
China allowed the yuan to weaken below 7 to the dollar on Monday for the first time in 11 years, raising fears of a financial crisis and global recession.
Former US Treasury Secretary Lawrence Summers says the world is at the ‘most dangerous financial moment’ since the 2009 global economy meltdown.
Former US Treasury Secretary Lawrence Summers says the world is at the ‘most dangerous financial moment’ since the 2009 global economy meltdown.
Beijing’s decision to let yuan fall below key 7.0 level against US dollar that it previously defended means it has decided to let yuan fall to offset impact of new US tariffs.
Beijing’s decision to let yuan fall below key 7.0 level against US dollar that it previously defended means it has decided to let yuan fall to offset impact of new US tariffs.
Hao Peng, Communist Party boss of the State-owned Assets Supervision and Administration Commission, hopes the move will lead to mutually beneficial results.
Hao Peng, Communist Party boss of the State-owned Assets Supervision and Administration Commission, hopes the move will lead to mutually beneficial results.
As more federal cases are filed against Chinese firms, lawyers and Chinese scientists fear that prosecution is increasingly racially charged.
As more federal cases are filed against Chinese firms, lawyers and Chinese scientists fear that prosecution is increasingly racially charged.
The rating agency says factors underpinning the city’s AA+ rating, including governance and rule of law, are being tested.
The rating agency says factors underpinning the city’s AA+ rating, including governance and rule of law, are being tested.
China disclosed that it had cut the portion of US dollar-denominated assets in its reserves portfolio to 58 per cent in 2014.
China disclosed that it had cut the portion of US dollar-denominated assets in its reserves portfolio to 58 per cent in 2014.
Only 37 per cent of cases involving SOEs were disclosed, despite a requirement from the Supreme People’s Court, according to the Chinese University of Hong Kong.
Only 37 per cent of cases involving SOEs were disclosed, despite a requirement from the Supreme People’s Court, according to the Chinese University of Hong Kong.
Experts warn that social problems may have hit dangerous levels as Beijing vows to step up efforts to boost employment and education as the economy slows.
Experts warn that social problems may have hit dangerous levels as Beijing vows to step up efforts to boost employment and education as the economy slows.
Rule is designed to reduce risks following the central role played by the multi-trillion dollar derivatives sector in the global financial crisis a decade ago.
Rule is designed to reduce risks following the central role played by the multi-trillion dollar derivatives sector in the global financial crisis a decade ago.
To shore up growth and meet the projected 6 to 6.5 per cent expansion target for 2019, economists and analysts expect China to lean on fiscal measures.
To shore up growth and meet the projected 6 to 6.5 per cent expansion target for 2019, economists and analysts expect China to lean on fiscal measures.
MUFG Bank last month was named as only the second non-Chinese yuan clearing bank, with suggestions it could be the start of improved relations between Beijing and Tokyo.
MUFG Bank last month was named as only the second non-Chinese yuan clearing bank, with suggestions it could be the start of improved relations between Beijing and Tokyo.
Deal allowing US regulator to see audit work of Chinese firms listed in the US may fall victim to ongoing US-China trade war.
Deal allowing US regulator to see audit work of Chinese firms listed in the US may fall victim to ongoing US-China trade war.
Asian Development Bank Institute’s CEO warns that citizens’ asset risks cannot be mitigated with limited domestic investment options amid slowing economic growth.
Asian Development Bank Institute’s CEO warns that citizens’ asset risks cannot be mitigated with limited domestic investment options amid slowing economic growth.
Violent protests are definitely not good for the city’s business environment and could force companies to reassess their investment decisions, says the chairman of Hopewell Holdings.
Violent protests are definitely not good for the city’s business environment and could force companies to reassess their investment decisions, says the chairman of Hopewell Holdings.
Caixin/Markit Manufacturing Purchasing Managers’ Index fell to 49.4 in June from 50.2 in May, its lowest reading since January, indicating a contraction.
Caixin/Markit Manufacturing Purchasing Managers’ Index fell to 49.4 in June from 50.2 in May, its lowest reading since January, indicating a contraction.
Manufacturers are still concerned for their business prospects despite Xi Jinping and Donald Trump agreeing to a pause on additional tariffs.
Manufacturers are still concerned for their business prospects despite Xi Jinping and Donald Trump agreeing to a pause on additional tariffs.
Deal ending US-China trade war may not be possible before the end of the year, meaning it will continue to weigh on global economy, analysts say.
Deal ending US-China trade war may not be possible before the end of the year, meaning it will continue to weigh on global economy, analysts say.
Purchasing managers’ index unchanged from May at 49.5, suggesting further contraction in the sector.
Purchasing managers’ index unchanged from May at 49.5, suggesting further contraction in the sector.
Investors and analysts fear that demise of the small Inner Mongolian bank underscores more underlying troubles in China’s banking system.
Investors and analysts fear that demise of the small Inner Mongolian bank underscores more underlying troubles in China’s banking system.
The two world leaders are set to meet at the G20 summit next week in Osaka, Japan next week to discuss the ongoing US-China trade war.
The two world leaders are set to meet at the G20 summit next week in Osaka, Japan next week to discuss the ongoing US-China trade war.
The People’s Bank of China will sell 30 billion yuan (US$4.3 billion) worth of short terms bonds in Hong Kong next week to facilitate propping up the yuan.
The People’s Bank of China will sell 30 billion yuan (US$4.3 billion) worth of short terms bonds in Hong Kong next week to facilitate propping up the yuan.
China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves.
China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves.
The Southeast Asian nation’s footwear exports to the United States have grown 6.7 per cent at the start of 2019, compared with a 4.7 per cent rise in 2018.
The Southeast Asian nation’s footwear exports to the United States have grown 6.7 per cent at the start of 2019, compared with a 4.7 per cent rise in 2018.
Policymakers issue joint communique saying they ‘will continue to address risks and stand ready to take further action’ as trade war between US and China dominates discussions.
Policymakers issue joint communique saying they ‘will continue to address risks and stand ready to take further action’ as trade war between US and China dominates discussions.
US Treasury Secretary Steven Mnuchin puts ball back in Beijing’s court, saying Washington prepared to ‘move forward’ as long as China accepts its terms.
US Treasury Secretary Steven Mnuchin puts ball back in Beijing’s court, saying Washington prepared to ‘move forward’ as long as China accepts its terms.
Liu Kun says leaders must work together to tackle challenges of digital economy, rapid growth of information technology; Steve Mnuchin agrees a globally fair and modern international taxation system is needed.
Liu Kun says leaders must work together to tackle challenges of digital economy, rapid growth of information technology; Steve Mnuchin agrees a globally fair and modern international taxation system is needed.
Currency’s slump is not a coincidence and could be the result of Beijing not intervening in markets, politician says.
Currency’s slump is not a coincidence and could be the result of Beijing not intervening in markets, politician says.