Tag Archives: China

Chinese President Xi Jinping reviews the troops during a full honors ceremony in his honor, Tuesday, Feb. 14, 2012, at the Pentagon. (AP Photo Manuel Balce Ceneta) Four somewhat random items caught my attention recently. Item #1. A snippet from a conversation with Michael Dell “It’s kind of frosty, Andy,” Dell tells me in an interview. “The relationship is a little bit frosty at the moment.”  The relationship in question being that of China with the United States, particularly in the… Source link

Wasting no time, crypto bulls already see last week’s banishment of crypto trading by the Chinese government as a boon to the emerging sector. Speaking at Yahoo Finance’s Crypto Investing Summit this week, the investor and podcaster, Anthony Pompliano, echoed the sentiment of many longtime investors of the asset class.  The Chinese government banned cryptocurrency activities at least 5 different times before last week, with this most recent action making crypto trading or offering any… Source link

Cryptocurrency electronic cash bitcoin banner advertisement seen in Hong Kong. (SOPA Images/Sipa USA) Bitcoin tumbled on Friday afternoon as the People’s Bank of China said all cryptocurrency-related transactions are illegal. The central bank vowed to crack down on illegal activities of cryptocurrency trading and banned overseas exchanges from providing services to mainland investors. It also said it will stop all companies from facilitating cryptocurrency trading and will strengthen monitoring… Source link

Investors unnerved by the financial strains of a Chinese real estate firm sent cryptocurrencies reeling on Monday, with bitcoin (BTC-USD) tumbling by more than 7%. As risk-sensitive assets plunged, the leading digital coin shed over $3,000, changing hands just below $44,000 in midday trading. The moves were the latest signal that the world’s largest cryptocurrency hasn’t achieved the “safe haven” asset status that some of its more ardent proponents have promoted, even as debt levels… Source link

(Bloomberg) — European stocks slid to the lowest level in two months as China’s real estate crackdown and worries ahead of this week’s Federal Reserve fueled risk-off sentiment. The Stoxx Europe 600 index fell 2%, the most in a month and to the lowest level since July 21. Germany’s DAX slumped 2.3% on the day the index’s expansion takes effect, with banks and automotive shares underperforming. While all sectors retreated on the European gauge, miners declined the most, sliding to the… Source link

(Bloomberg) — U.S. equity futures and Asian stocks fell Monday amid a slump in Hong Kong property developers and jitters before a Federal Reserve meeting that’s expected to hint at moving toward paring stimulus. The dollar rose. U.S. and European contracts dropped after the S&P 500 slid the most in a month, a test for the buy-the-dip mentality as the gauge jabs at its 50-day moving average. Hong Kong shares tumbled on growing concern about China’s crackdown on the real-estate sector and… Source link

(Reuters) – China’s top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday. Investors’ concerns over the regulatory crackdown has led to sharp sell-offs on China’s share markets, reducing the market capitalisation of some of its largest companies including Alibaba Group Holding Limited. China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai explained during the meeting that… Source link

(Bloomberg) — China injected more cash into its banking system in a sign authorities are seeking to avert a funding squeeze amid a seasonal rise in financing demand and the intensifying debt crisis at China Evergrande. The People’s Bank of China added 90 billion yuan ($14 billion) of funds on a net basis through seven-day and 14-day reverse repurchase agreements on Friday, the most since February. Today was the first time this month it added more than 10 billion yuan short-term liquidity… Source link

Kai-Fu Lee, CEO of Sinovation Ventures. Lino Mirgeler | Picture Alliance | Getty Images The former president of Google China warned that the West should be careful not to overstate or misinterpret the recently introduced regulations by Beijing that have hurt the likes of Alibaba, Tencent and Didi. Kai-Fu Lee, who now invests in Chinese start-ups through his venture capital firm Sinovation Ventures, told CNBC Tuesday that China is merely regulating a handful of large internet companies to ensure… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 14, 2021 A geopolitical struggle barely in the early stages, with big implications At the height of former President Donald Trump’s trade war with China in 2019, I wrote about the hydra-headed controversies that were turning Sino-American flashpoints into an epochal fight for geopolitical dominance. In short, there was a… Source link