Beijing shuttered 670 mainly rural banks last year in a bid to create fewer, larger and better-capitalized lenders. Source: https://www.cnbc.com/2026/10/05/china-banks-consolidation-economy.html
Posts tagged as “CHINA”
Nike is preparing to report quarterly earnings, with investors focused on running category momentum, China performance, and the Converse brand. CEO Elliott Hill is approaching…
Copper prices steadied as investors focused on potential shifts in global supply conditions. China’s national holiday was set to damp trading volumes across metals markets.…
DeepSeek has released software designed to run its AI models on Huawei’s Ascend chips, according to reports, in a move aimed at reducing reliance on…
President Donald Trump and President Xi Jinping met in Washington, D.C., with both sides signaling plans for two additional meetings this year. Analysts say the…
China and the United States agreed to a tariff reduction package valued at roughly $30 billion, according to the original report. The two sides also…
The White House says China and the US agreed to open a communications channel covering “super intelligence” incidents, following President Xi Jinping’s visit to Washington.…
China’s exports to the U.S. rebounded in September 2026, according to a private survey, with new American orders rising unexpectedly. The pickup comes as companies…
Shanghai Gold Exchange Forces Banks to End Retail Leverage At least a dozen Chinese banks are winding down retail leveraged precious-metals trading after the Shanghai…
The U.S.-China trade truce has been extended for two months, pushing the expiration from November to Jan. 10, according to Treasury Secretary Scott Bessent. Bessent…
Bessent Confirms Two-Month Truce Extension Treasury Secretary Scott Bessent announced on Thursday, September 24, 2026, that the United States and China have agreed to extend…
Chinese AI Stocks Plunge on Regulatory Probe Shares of Chinese artificial intelligence model developers fell sharply on Wednesday, 23 September 2026, after a report that…
China Adds US Soybean Purchases Before Trump-Xi Meeting China bought additional cargoes of US soybeans just days ahead of a planned summit between President Donald…
Oil prices remain elevated but have stayed below the levels many analysts feared, with benchmark crude trading well under the spikes seen during past supply…
Xi Jinping Pledges China-Led AI Collaboration for BRICS Chinese President Xi Jinping announced on September 13, 2026, that China will spearhead artificial intelligence collaboration among…
Anthropic CEO Dario Amodei has proposed a coordinated slowdown of frontier AI development, arguing advanced systems pose catastrophic risks. Amodei says China presents the “toughest…
U.S. Higher crude prices feed directly into gasoline, diesel, and input costs, with knock-on effects for inflation and transport-heavy sectors. Round numbers in commodity markets…
China’s Refiners Scramble for Alternatives as Hormuz Disruptions Bite China’s oil demand revival is sending shockwaves through global crude markets, pushing prices for African, Canadian,…
Iron Ore Breaks $100 On Positioning Shift Iron ore futures surged past the $100-per-ton milestone on Monday, September 7, 2026, marking a sharp reversal from…
China’s New Property Rules Shake Developers as Evergrande’s Shadow Lingers Beijing’s latest regulatory push, introduced in late August 2026, is rattling mainland property developers already…
Kiyosaki’s $1.2B Debt Revelation Sparks Awe and Anger Robert Kiyosaki, the 79-year-old author of the perennial bestseller Rich Dad, Poor Dad, has revealed in podcast…
China-Egypt Currency Swap Deepens as Xi Visits Cairo China and Egypt are tightening financial ties, with President Xi Jinping and President Abdel-Fattah el-Sisi backing greater…
Beijing’s Digital Cleanup Targets Generative AI Content Farms China’s top internet regulator, the Cyberspace Administration of China (CAC), announced on Wednesday, September 2, 2026, that…
Chinese Bank Rally Extends to New Highs Chinese bank stocks extended their record-breaking rally on Tuesday, September 1, 2026, as investors continued to pile into…
China’s Big Six Banks Post First Joint Profit Rise Since 2022 China’s six largest state-owned banks reported their first simultaneous increase in first-half revenue and…
BYD reported first-half 2026 net profit that missed analyst expectations, sending shares lower on Friday despite a stronger second-quarter performance. Second-quarter net profit rose roughly…
Beijing’s Diplomatic Offensive Precedes Washington Talks Chinese President Xi Jinping is set to make his first state visit to India before traveling to the United…
Beijing and Manila Reconsider Joint Energy Projects A joint report by Chinese and Philippine analysts, released Monday by the Shanghai Institutes for International Studies, urged…
Bank of China reported solid H1 2026 results, with net profit growth driven by robust lending and fee income. Net interest margin showed resilience despite…
Nvidia Tops Q2, But Stock Slips on China Risk Nvidia reported fiscal Q2 2027 results on Wednesday, August 26, 2026, beating estimates with revenue of…