Home China Finance

China Finance

US / China trade war and Brexit threaten global economic growth, according to the IMF

Global growth could plunge to 3.7% for 2019, due to the "possible failure of the Brexit negotiations". This possibility generates a feeling of widespread uncertainty. The report comes after a black Monday for Chinese stocks that lost only 5% yesterday.The International Monetary Fund has indicated Brexit and the trade war...

Chinese stocks plummeted on Monday, with the China A50 index losing over 4.8%

Losses on main Chinese main indices were 4.8%. China A50, which includes the leading companies of the Shenzhen and Shanghai indices, is the biggest loser. The Shanghai Composite lost 3.7% of its value, while the Shenzhen Composite lost just over 4% at the end of the day.The reasons for the...

EU trade chief backs China in fight against protectionism

BRUSSELS (Reuters) - The European Union is ready to join China in fighting protectionism worldwide but Beijing also needs to show it can play fair on trade and investment, the bloc's trade chief said on Monday. U.S. President Donald Trump has threatened to impose punitive tariffs on Chinese imports, blaming...

China’s Alibaba becomes major sponsor of Olympics

DAVOS, Switzerland (Reuters) - Chinese e-commerce company Alibaba has become a major sponsor of the Olympic Games after signing a deal with the International Olympic Committee (IOC) that runs until 2028, the two parties said on Thursday. Alibaba, which becomes the official e-commerce and cloud services partner, joins 12 other...

China posts worst export fall since 2009 as fears of U.S. trade war loom

BEIJING (Reuters) - China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week,...

Insured crabs, tea help China’s farmers avoid weather losses

HONG KONG (Thomson Reuters Foundation) -  Ma Rongda, a tea grower for nearly 30 years, knows how badly his business can be affected by extreme weather. But when heavy snow and cold hit his tea garden earlier this year, Ma was not as worried as he used to be. “I...

China says EU anti-dumping duties are ‘unjustifiable protection’

SHANGHAI (Reuters) - The European Commission's imposition of heavy anti-dumping duties on Chinese steel bars is "unjustifiable protection for the EU steel industry," the official Xinhua news agency reported, citing a statement from the Ministry of Commerce (MOFCOM). MOFCOM expressed regret that the move came just weeks after  a Group...

China’s innovation economy a real estate bubble in disguise?

SHACHENG, China (Reuters) - The Chinese government's call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity. Innovation centres have been popping up around the country and are set to...

Unexpected competition for China’s private infrastructure firms

SHANGHAI (Reuters) - Private Chinese companies taking part in a scheme to reduce the state's dominance in building infrastructure are finding competition is coming from an unusual place - the government peers they are supposed to replace. Private-sector businessmen say they are losing out in most projects to state firms,...

Chinese economic cyber-espionage plummets in U.S.

SAN FRANCISCO (Reuters) - The Chinese government appears to be abiding by its September pledge to stop supporting the hacking of American trade secrets to help companies there compete, private U.S. security executives and government advisors said on Monday. FireEye Inc, the U.S. network security company best known for fighting...