China’s banking and insurance regulator has told the country’s finance institutions to increase their support for infrastructure investment projects, importers, exporters and creditworthy companies with temporary cash-flow problems, Reuters reports. The statement by the China Banking and Insurance Regulatory Commission, which was posted on the regulator’s website on Saturday evening, appears to be a reaction […]
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Nearly 100 hogs died from African swine flu in the city of Lianyungang in eastern Jiangsu province, China’s Ministry of Agriculture announced Sunday, as the deadly virus spreads across the world’s largest pig market. Jiangsu is the third Chinese province to report an outbreak of the disease. The first case was reported in Shenyang, capital […]
The intensifying trade tensions between the United States and China could prove a stumbling block for American banks looking to capitalize on China’s ongoing reforms to its financial sector, the Financial Times reports. Beijing relaxed restrictions on foreign ownership of securities trading and fund management companies in April, which has prompted a number of banks […]
An American ship loaded with 700,000 tons, or $20 million, of soybeans docked in China on Thursday, becoming the second US vessel carrying the grain to arrive in Chinese ports since Beijing slapped a 25% tariff on imports from the United States, Caixin reports. The Star Jennifer arrived in Dalian after spending three weeks moored […]
China’s leaders are increasingly viewing the ongoing trade tensions with the United States as part of a much broader strategy by Washington to contain China’s rise and maintain American dominance, the South China Morning Post reports. There are signs of a hardening resolve in Beijing as the Chinese leadership prepares itself for what it sees […]