US Treasury Secretary Steve Mnuchin had a phone call with China’s chief trade war negotiator Liu He late last week, sources told the Wall Street Journal, during which the two sides sought to reduce tensions before the countries’ leaders meet in Buenos Aires at the end of the month. The US side is demanding that […]
Category: Brief
A recent report by China International Capital Corp. (CICC) warned of falling sales, investments and new construction in the country’s property market next year, as years of booming growth appear to be coming to an end, Caixin reports. The assessment forecasts that real estate sales will fall for the first time in five years in […]
Premier Li Keqiang signed a new-and-improved bilateral free trade pact with Singapore during his visit to the Southeast Asian state this week, shoring up economic ties with one of China’s key regional partners, Caixin reports. The upgrade expands the terms of the China-Singapore Free Trade Agreement (CSFTA) signed in 2009, which was the first major bilateral […]
Beijing will continue to intervene in the currency markets to counter downward pressure on the renminbi for the time being but the exchange rate is likely to keep falling in the long term, according to a report by analysts Pictet Wealth Management. The report follows the publication of the People’s Bank of China’s third-quarter monetary […]
Chinese banks will not pursue specific targets for lending to private firms, state media said on Monday, after remarks made by the head of the country’s banking regulator triggered a sharp selloff last week. Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC), said on Thursday that big banks should allocate at […]