The US Trade Representative Robert Lighthizer criticised Beijing’s failure to address key problems in how it conducts trade with the rest of the world less than two weeks before presidents Donald Trump and Xi Jinping meet to discuss possible resolutions to the ongoing spat, the Wall Street Journal reports. “China has not fundamentally altered its […]
Category: Brief
The Chinese president’s arrival was hailed as a “landmark moment” in the two country’s shared history by his counterpart Rodrigo Duterte, but many officials in Manila are wary of trade deals that could jeopardize the Philippines’ sovereignty, the Financial Times reports. Xi’s visit, the first time a Chinese leader has visited the Philippines in 13 […]
The European Union has brokered a preliminary agreement on new rules that will increase scrutiny of foreign investments into Europe, a move implicitly aimed at curtailing strategic investment by Chinese entities on the continent, Reuters reports. The negotiations included representatives from the European Parliament and all 28 member states, and will pave the way for a system […]
Several key investors of a Shanghai-listed company are cashing in their holdings after the firm received Rmb 50 million ($7.2 million) from a local government-fund, Caixin reports. Shares of Poten Environment Group initially rose following the news that the firm would receive a bailout from a local fund, but on Tuesday the stock hit the […]
Chinese coal miner Wintime Energy, which is delinquent on Rmb 15 billion ($2.2 billion) of local bonds, is looking to use bonds issued by one of its healthier subsidiaries to pay off existing debt, according to Bloomberg. This strategy of rolling subsidiaries’ debt together is called substantive consolidation, and has drawn scepticism from investors regarding […]