China’s Commerce Ministry is investigating the possible dumping of stainless steel imports from the EU, Japan, South Korea and Indonesia, Reuters reports. China imported 703,000 tonnes of stainless steel billet and hot-rolled stainless steel in 2017, doubling from the previous year as a result of a 23% cut to import prices to $1,867 a tonne. Roughly two-thirds […]
Category: Brief
China’s banking regulator has issued new rules for the country’s Rmb 21 trillion ($3 trillion) wealth management industry, Caixin reports, which has been a target of heightened scrutiny amid a build-up of risky shadow lending activity in recent years. The rules, designed to “remove uncertainties and stabilise market expectations”, would establish a centralised supervisory system […]
US President Donald Trump has said he is “ready to go” with respect to the introduction of tariffs on $500 billion of Chinese imports, as trade tensions between Washington and Beijing continue to show no signs of easing. “I’m not doing this for politics; I’m doing this to do the right for our country,” Trump […]
Analysts are increasingly confident that China’s housing market is due for a long-term decline in sales, according to the Financial Times, after reaching a high point this year. Some economists fear that the government rolling back a subsidy programme that was central to housing sales growth in recent years will top off a list of […]
Credit rating agencies have downgraded at least five smaller Chinese banks since the start of 2018, according to Bloomberg, as Beijing’s financial deleveraging drive takes a toll on institutions’ balance sheets. The downgrades are mainly due to a spike in the number of overdue and non-performing loans among the smaller Chinese players, with one lender—Guiyang Rural […]