China Merchants notified customers last week that new US dollar transfers would be suspended. Photo: Bloomberg

US dollar transfers cut back by Chinese bank as Beijing steps up scrutiny of capital outflows

  • China Merchants Bank suspends programme that allowed customers to set up automatic transfers to overseas accounts in US dollars
  • Beijing has tightened rules on overseas transfers by individuals in recent years to ensure control of capital outflows
Topic |   China economy

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China Merchants notified customers last week that new US dollar transfers would be suspended. Photo: Bloomberg
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US President Donald Trump (right) met with Nato secretary general Jens Stoltenberg in London. Photo: AP

Donald Trump: ‘no deadline’ for trade war deal with China, may come after US election

  • US President Donald Trump, in London ahead of a meeting of Nato leaders, said it is up to him to decide whether to make a deal with China
  • He had already said that the Hong Kong Human Rights and Democracy Act, which he signed last week, may hamper his chances of securing a trade deal with China
Topic |   Donald Trump

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US President Donald Trump (right) met with Nato secretary general Jens Stoltenberg in London. Photo: AP
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