Search Results for: China
VW recalls diesel vehicles in China to correct emissions
October 12th, 2015
Volkswagen is recalling 1,950 diesel vehicles in China to correct engine software that the automaker has admitted cheats on emissions tests. The recall applies to 1,946 Tiguan sport utility vehicles and four Passat B6 sedans, all of them imported, ...
China and the dollar
October 9th, 2015
With the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy. China executed a financial move that appeared to undermine its own position but instead created trouble for the US; ...
Lagarde: China’s economy is not all ‘doom and gloom’
October 9th, 2015
The head of the International Monetary Fund, Christine Lagarde, has said the outlook for China‘s economy is not all “doom and gloom”. “I would say that it’s a recovery that is decelerating a bit,” she told the BBC, but ...
China launches cross-border payment system
October 8th, 2015
China’s cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard. The CIPS platform will be used to support cross-border goods and services trade ...
China stocks rally as trading resumes
October 8th, 2015
Asian stocks traded mixed on Thursday despite a positive lead from Wall Street, with Chinese equities outperforming after mainland markets resumed trade following a week-long holiday. Major U.S. indexes closed higher overnight, helped by a recovery in health care ...
Numbers of foreign firms in China declines for first time
October 7th, 2015
The total number has fallen from 178 to 170 in the last 12 months, according to figures published by the Chinese Ministry of Justice. The number of offices fell from 232 to 225. This is the first time that ...
China’s Foreign Reserves Post Record Quarterly Drop on Yuan
October 7th, 2015
Stockpile shrinks $180 billion as PBOC props up currency Decline in September less than expected, boosting yuan China’s foreign-exchange reserves fell by a record in the third quarter as the central bank sold dollars to support the yuan after ...
From Volkswagen to China: What Might Derail Germany’s Growth
October 5th, 2015
German economy seen expanding 1.9% in 2015 and 2% in 2016 Focus on domestic demand amid vulnerable export outlook Europe’s economic powerhouse is facing a test of might. Germany’s trademark industrial prowess has been called into question by Volkswagen AG’s ...
Why China’s Stock Market May Be Setting Up For Another Big Move
September 30th, 2015
While China’s stock market crash was one of the main sources of global volatility in the summer, it has taken a back seat to other worries after a relatively calm September. Due to extensive measures to support the market, ...
Investment Plan for Europe goes global: China announces its contribution to #investEU
September 29th, 2015
At the High Level Economic and Trade Dialogue in Beijing today, China announced its intention to contribute to the Investment Plan, as well as closer cooperation with the EU on investment issues in general. Today during the High Level ...
