Chinese venture capital funds have pumped $1.4 billion into private US biotechnology firms in the first quarter of this year, as Beijing seeks to become a leader in the development of new medicines, Bloomberg reports. Chinese cash accounted for 40% of the total investment in US biotech during the first three months of this year, according to […]
Category: Brief
On Tuesday the People’s Bank of China announced a 1% cut in commercial banks’ required reserve ratio (RRR), with the aim of providing a capital boost to what might be a year of slowing economic growth. The cut, effective April 25th, will allow banks to issue more loans by reducing the minimum amount of liquidity […]
Yesterday China listed a string of concessions to the US with regards to opening up its domestic car industry, only to apply hefty new tariffs on US sorghum imports. Beijing said that it plans to make foreign investment into the Chinese auto market much easier, with a lifting of all current foreign ownership caps on […]
A US Treasury report released on Monday showed that China continued to buy more treasury holdings in February despite simmering trade tensions between the two countries. As the US government’s largest creditor, some fear China could use this position as a retaliatory weapon in any further trade disputes. February saw China take its stock of […]
In what appears to be a concerted effort to gather international support against the prospect of U.S. protectionism, China has been meeting with trade representatives from Europe to make its case amid global trade concerns, sources told Reuters. Officials from France, Germany, the UK, Spain, Italy, and the EU met with China’s International Trade Representative […]