The People's Bank of China, the central bank of the Asian giant, has decided to inject 900 billion yuan of liquidity into the country's economy, as announced in a statement Friday.
To Achieve this, the monetary authority will reduce the ratio of mandatory reserves of the banks by 50 basis points,…
Read More...
Browsing Tag
tariffs
13% of US companies would leave China
A 13% of US companies with a presence in China plan to leave the Asiatic region, after the resurgence of the trade war between the two largest economies in the world which led the president of the United States, Donald Trump, to order US…
Chinese Yuan reaches its lowest value since 2008
The People's Bank of China (BPC) set at 7.0883 yuan the midpoint of the dollar exchange rate reference band, the lowest since March 13, 2008, after the entry into force on Sunday of the new US tariffs on imports from China, as well as…
China wants “peaceful solution” for the trade war
The Chinese government expressed its opposition to an escalation of trade disputes between China and the United States and has been in favor of a "peaceful" resolution of the war through dialogue and negotiation, according to the vice…
Chinese Yuan falls to its lowest level since 2008
The price of the yuan against the dollar sank on Monday to its lowest level since February 2008, after the resurgence since last Friday of the trade war between China and the United States before the announcement of the imposition of new…
Trump “orders” its companies to leave China
The president of the United States, Donald Trump, assured that he will respond this Friday to the new tariffs that the Chinese government has imposed on American goods for a value of 75,000 million dollars.
Trump accused the Asian giant of…
China responds with more tariffs to the United States
The Chinese Government announced the imposition from next September 1st of additional tariffs of between 5% and 10% on 5,078 products from the United States for an added value of 75,000 million dollars, according to the Ministry of Finance…
China could take action against the US
The Ministry of Finance of China announced in a statement that it will take the necessary measures to counter the latest tariffs announced by the United States, which consider a violation of the agreement reached by both nations.
This was…
Chinese companies will not buy US agricultural products
Chinese companies suspended the acquisition of agricultural products of American origin, to which the authorities of the Asian giant do not rule out imposing a new tariff, as announced by the Ministry of Commerce of China.
From the Chinese…
China will apply new tariffs to EU products
China will impose tariffs on Tuesday on imports of some stainless steel products from the European Union (EU), as well as Japan, South Korea and Indonesia considering that they carried out dumping practices when selling below the cost,…
The EU and Mercosur sign the largest trade agreement in history
The president of the European Commission, Jean-Claude Juncker, affirmed that it is the biggest agreement that the European countries have achieved, because it is a market that includes almost 800 million people. The commercial agreement…
Trump could impose more tariffs on China
US President Donald Trump has warned before the upcoming G20 Summit that he will impose additional tariffs on imports from China if a trade agreement is not reached, warning of the repercussions that the measure may have on the Asian giant,…