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China Tariffs Are Coming. Beijing’s Response Could Be a New Currency War.
It’s anyone’s guess how the People’s Bank of China governor will navigate the many shocks the former and future U.S. president has threatened for Asia’s 2025. From 60% tariffs on Chinese goods to a weaker dollar President-elect Donald Trump has Asian minds racing.
China Seen Countering Trump Tariffs With Stimulus, Weaker Yuan
(Bloomberg) --
China
may embrace greater stimulus, bolster manufacturing, and allow the
yuan
to weaken to offset the negative effects of a second Trump presidency on the Chinese economy, analysts said. Listen to the Here’s Why podcast on Apple ...
Macron Warns Europe Is Hurtling Toward Tariff War With US, China
Emmanuel Macron warned that Europe risks getting divided by Donald Trump’s economic policy and being thrown into a simultaneous trade war with Washington and Beijing.
Trump could send EU hurtling toward tariff war with both US and China, Macron warns
The French president added that European countries risked being divided depending on their relative dependence on the US or Chinese market.
China prepares economic defenses against president Trump’s tariffs
China is ready to go head-to-head with President-elect Donald Trump’s tariffs as he prepares to take back the Oval. If Trump pushes for tariffs as high as 60% on Chinese goods, Beijing isn’t about to sit back.
3h
on MSN
Man with cancer in China hides wealth, uses US$97,000 in donations to buy flat
Sick university graduate pleads poverty but wealthy family has property portfolio, crowdfunding platform bans him as result A ...
2d
China's 12 Trillion Yuan Debt Swap To Ease Local Debt, Pressure Bank Margins
China's 12 trillion yuan debt swap program is set to pressure banks' net interest margins while helping lenders conserve ...
4h
China October aluminium output rises on firm demand, higher prices
China's October aluminium output rose from a year earlier, official data showed on Friday, with a firm demand outlook and ...
The Peninsula
2d
China's Yuan loans grow by $2.3 trillion in first 10 months
Beijing: China s yuan denominated loans rose by 16.52 trillion yuan (about $2.3 trillion) in the first 10 months of 2024, ...
IPPMEDIA
27m
China introduces tax incentives to boost housing market
Following the pledges by the country's finance minister earlier, the Ministry of Finance, along with the State Taxation ...
Global Times
1d
China-APEC trade surpasses 21 trillion yuan in first 10 months of 2024, setting a new record high
China
's trade with Asia-Pacific Economic Cooperation (APEC) economies reached a historic high, surpassing 21 trillion ...
2d
China’s yuan weakens to three-month low
China’s yuan skidded to a three and a-half month-low against the dollar yesterday, hurt by broad strength in the US currency ...
13h
China's JD.com misses revenue estimates as consumption weakness lingers
Chinese e-commerce group JD.com missed market estimates for quarterly revenue on Thursday, as persistent economic woes ...
Global Times
1d
China's A-share turnover tops 1tr yuan for 31st trading day
The combined turnover of
China
's Shanghai and Shenzhen stock exchanges exceeded 2 trillion
yuan
($276.96 billion) on ...
Hosted on MSN
3h
JD.com Sales Accelerate But China E-Commerce Giant's Stock Falls On Mixed Q3
JD stock fell early Thursday even though the Chinese e-commerce giant beat third-quarter earnings expectations.
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