Archive for August 7th, 2019

China sets its yuan midpoint at stronger than 7 per dollar

07-Aug-2019 Intellasia | CNBC | 6:02 AM

* On Tuesday morning, the People’s Bank of China set the yuan fixing at 6.9683 per dollar. * A Reuters estimate had expected a weaker midpoint of 6.9736. * In [...] » More

Rating China’s retaliation in the trade war: ‘On a scale of 1-10, it’s an 11′

07-Aug-2019 Intellasia | CNBC | 6:02 AM

* Wall Street analysts warn that the US trade war with China has escalated significantly and will likely intensify in the coming months. * This is “a new and [...] » More

China says People’s Liberation Army will defend every part of its territory

07-Aug-2019 Intellasia | Reuters | 6:02 AM

China’s People’s Liberation Army is a strong force and will defend every part of its territory, a spokesman of China’s Hong Kong affairs office said, when [...] » More

US-China trade war in 10 dates

07-Aug-2019 Intellasia | AFP | 6:02 AM

Here are 10 key dates in the 17-month-long trade battle between the United States and China. – March 8, 2018: tax on steel, aluminium – President Donald Trump [...] » More

China calls on US politicians to stop colluding with HK separatists

07-Aug-2019 Intellasia | Reuters | 6:02 AM

The Chinese foreign ministry’s commissioner in Hong Kong said on Tuesday the city belongs to China and that it will firmly respond to any action that harms [...] » More

China reiterates support for HK’s embattled leader

07-Aug-2019 Intellasia | AFP | 6:02 AM

China’s ruling Communist Party once again underlined its wholesale support for Hong Kong’s embattled leader on Tuesday as she struggles to contain increasingly [...] » More

China warns of countermeasures if US puts missiles on its ‘doorstep’

07-Aug-2019 Intellasia | Reuters | 6:02 AM

China threatened countermeasures on Tuesday if the United States deploys intermediate-range, ground-based missiles in Asia and warned US allies of repercussions if they allow [...] » More

20 hospitalised after clashes at Kyrgysstan’s Chinese mine

07-Aug-2019 Intellasia | AFP | 6:02 AM

Twenty people were hospitalised in Kyrgysstan following a skirmish between employees of a Chinese-owned mine and villagers living close to the gold deposit, officials said on [...] » More

China opposes ‘currency manipulator’ label

07-Aug-2019 Intellasia | AFP | 6:02 AM

China’s central bank said Tuesday it is “resolutely opposed” to the United States labeling Beijing a currency manipulator a day after it let the yuan weaken [...] » More

US branding of China as currency manipulator offers few new remedies

07-Aug-2019 Intellasia | Reuters | 6:02 AM

Formally declaring China a currency manipulator may scratch a long-term itch for US President Donald Trump, but the move provides few new tools that have not already been [...] » More

Chinese celebs condemn protesters who threw Flag of China

07-Aug-2019 Intellasia | Yahoo Newsroom | 6:02 AM

Chinese celebrities took to social media to condemn the act of some Hong Kong protesters, who recently threw a Chinese national flag into Victoria Harbour. As reported on [...] » More

Weaponising the yuan: a double-edged sword for Beijing

07-Aug-2019 Intellasia | AFP | 6:02 AM

China’s move to devalue its currency could prove to be a double-edged sword in its escalating trade war with the United States, offsetting tariffs but potentially [...] » More

Chinese police mass 12,000 anti-riot officers in Shenzhen for drill

07-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

More than 12,000 police officers assembled in Shenzhen in the southern Chinese province of Guangdong on Tuesday for a drill that included anti-riot measures similar to those [...] » More

China says ‘no such thing’ as currency manipulation despite US claim it depreciated yuan exchange rate

07-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

China’s central bank flatly rejected the charge from the United States that it is a currency manipulator, instead accusing Washington of adopting protectionist, [...] » More

China says India move on Kashmir violates its territorial sovereignty

07-Aug-2019 Intellasia | Reuters | 6:02 AM

China said on Tuesday it opposed India’s decision to revoke the special status of Kashmir, a disputed region sandwiched among India, Pakistan and China, because it [...] » More