BEIJING/SHANGHAI – China’s top newspaper rebutted growing criticism in government circles that Beijing should have taken a lower profile to head off its trade war with the United States, saying on Friday that, like an elephant, China cannot hide its size and strength. The growing trade conflict is causing rifts within China’s Communist Party, with […]

The Trump administration, as part of a crackdown on certain US investments made by Chinese companies, is set to snatch a majority stake in 850 Third Ave., The Post has learned. The stake is owned by HNA, the deep-in-debt Chinese conglomerate — and its US partner in the building is desperate to save it. The […]

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province, issuing a loan backed by a piece of agricultural […]

BEIJING  – German carmaker BMW (BMWG.DE) said it will raise the prices of two U.S.-made crossover sport-utility vehicles in China to cope with the additional cost of tariffs on U.S. car imports into the world’s biggest auto market. In a move due to take effect on Monday, BMW said in a statement to Reuters over […]

By Sienna Miller It’s the fourth installment in our crypto regulation mini-series and today we’re looking at crypto regulation and security offerings in China. Keep reading to find out which blockchain platform scored the highest on China’s Blockchain Assessment Index! At the nation’s peak, China accounted for three quarters of the world’s bitcoin mining operations and over […]

The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis,” the China Economic Times reports today, July 23. Pang Huadong, currently an honorary academic advisor of the Asian Blockchain Institute, said that his experience at JPMorgan during the peak of the 2008 financial crash […]

A scandal around the fraudulent actions of a vaccine manufacturer in China has sparking a heated debate over the last week – and now the Chinese cryptocurrency community is suggesting blockchain as a potential solution. The uproar followed a report from China’s State Drug Administration, which, based on a tip-off, launched an investigation of the company […]

SAN FRANCISCO  – Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week. Investors are worried about the impact on earnings should the United States’ trade war with China and other major […]

WASHINGTON  – President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant. “We’re down a tremendous amount,” Trump said in an interview about trade imbalances with China […]

LONDON  – The dollar stayed strong but metal markets buckled badly on Thursday, as signs that China was resorting to credit-fueled stimulus again and trade jitters helped drive its currency to a one-year low. Asian shares had struggled following the moves and Europe’s bourses were also in the red as traders banked some of the […]