China added gold to its foreign reserves
China added gold to its foreign reserves last month for the first time in two years, a sign that (combined with a continued paring in U.S. Treasurys) points to continuing work to cut dependence on […]
China
China’s peer-to-peer lending sector is storming
Around 80 investors in failed lender Xinhehui protested outside the Hangzhou headquarters of a Meidu Energy Corp. on January 22th 2019. The investors voiced their fury to put pressure on the company to pay off […]
Chinese companies suspected of buying their own bonds
Chinese companies use a tactic where bond issuers are indirectly buying their own bond offerings, according to Bloomberg. The idea is to inflate issuance sizes, creating the image of greater access to capital than might […]
China expected to become top retail market this year
China is expected to top the U.S. as the world’s largest retail market in 2019. Retail sales in China are forecast to grow 7.5 percent to $5.6 trillion in 2019. Meanwhile, U.S. retail sales are […]
The IMF downgraded its global growth forecast
The IMF downgraded its global growth forecast to 3.5% from 3.7% in its October outlook, partly due to the negative impact of U.S. and China tariff increases. Risks to economic growth are “tilted to the […]
China reportedly to ban digital currency exchange trading
China is getting ready to prohibit the trading of bitcoin and other digital currencies on exchanges, people familiar with the matter said. Over-the-counter trading of digital currencies will be allowed to continue, they said. Related […]
Investing via smartphone in China prompts concerns
Personal investors in China are leading the world in a massive move toward making investments via smartphone apps, a trend that accounted for $200 billion in transactions in 2015, according to some estimates. The development […]
US trade deficit a focus of Trump-Xi meeting
The US trade deficit with China is expected to be a key topic during Chinese President Xi Jinping’s visit to US President Donald Trump’s Mar-a-Lago retreat. “The meeting next week with China will be a […]
Lucid Motors looks to beat Tesla in China
The electric-car company Lucid Motors is looking to take on Tesla and other luxury automobile brands in China, says Chief Technology Officer Peter Rawlinson. The company has developed a prototype of a $100,000-plus car with […]
PBOC calls for capital-flow management
PBOC, the People’s Bank of China has advocated for a three-pronged approach of macro-prudential management, exchange-rate flexibility and international monetary policy coordination in drafting its macroeconomic policies. “Inappropriate capital controls would impact investors’ confidence and […]