President Donald Trump said last week the U.S. is putting 10% tariffs on another $300 billion worth of Chinese goods starting September 1.
The yuan plunged beyond 7 per dollar for the first time since 2008 amid speculation Beijing was allowing currency depreciation to counter President Donald Trump’s latest tariff threat.
European stock markets have fallen after the surprise decision by Donald Trump to impose new tariffs on a further $300bn of Chinese imports.
Risky borrowers are running into trouble in China and that is putting pressure on trust companies, an important corner of the country’s shadow-banking system.
The fall of Baoshang has its roots in the off-loan-book transactions that China’s small banks use to work around rules that restrict them from lending to weak borrowers, as well as evade capital and provisioning requirements.
Currently, approximately 99 per cent of Ugandan traders and entrepreneurs have established contacts and purchase most of their goods from the Province. At the same time, the Canton Fair which is held twice a year and is the largest fair in China, attracts hundreds of Ugandan visitors and entrepreneurs to the Province every year.
The company raised alarm bells in January when CEO Tim Cook warned investors that “more severe” economic conditions in China weighed on iPhone sales last year.
The move raises questions about the independence of MSCI as the index giant wields increasing market power. Last summer, the world’s largest index provider added stocks in China to one of its most prominent global benchmarks, leading billions of dollars to flow into Chinese shares and advancing China’s plans to draw more foreign investors toRead More
China has a message for the Davos crowd: Fear about an economic slowdown is overblown. In a speech at the World Economic Forum, Vice President Wang Qishan said that growth remains substantial, and that it’s important for China to focus on the long term. “There will be a lot of uncertainties in 2019, but somethingRead More
While many countries struggled following the 2008 global financial crisis, China appeared as though it had largely escaped unscathed. Key points: China’s rising levels of debt mostly attributed to a “credit boom” post GFC Many large infrastructures are struggling to generate positive revenue Chinese local government debt has been called an “iceberg” with “titanic risks”Read More