Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion

China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows......»»

With China devaluing the yuan and halting purchases of U.S. agricultural products in response to President Trump's additional tariffs last week, gold and gold miners are having their day......»»

The Trump administration, deepening its global trade offensive, is preparing to levy tariffs on tens of billions of dollars of Chinese goods in the coming week, perhaps as early as Friday — a move that is likely to spark heavy retaliation from Beijing......»»

SHANGHAI/BEIJING (Reuters) - Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd ......»»

Yuan Devaluation Fever Heats Up As China Stockpiles Metals Authored by Simon White, Bloomberg macro strategist, Gold trading in China has exploded and stocks of copper have risen sharply prompting spec.....»»

China's central bank has been on a buying spree for 17 straight months as it diversifies its h.....»»

Alibaba Group Holdings Ltd (NYSE: BABA)-backed Ant Group is under fresh regulatory scrutiny as China is now probing how the ace entrepreneur Jack Ma won quick approvals for the stock’s initial public offering last year, The Wall Street Journal read more.....»»

Escobar: Get Ready For The Next Game-.....»»

China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States......»»

Qiu Hua Mei, a successful 34-year-old Beijing-based lawyer, is considered a "leftover women" — a c.....»»

More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak in China, two banking sources said......»»

Oil futures head higher Thursday as investors attempt to digest the impact of a China-U.S. trade deal that could result in increased purchases of shale oil by Beijing......»»

Chinese state media on Thursday warned against any "nitpicking" as Beijing portrayed the Phase 1 trade deal with United States and its new commitments to massive purchases of American goods as a boon for China's economy......»»

Oil prices rose on Thursday, propelled higher by the long-anticipated signing of an initial trade deal between Washington and Beijing that sets the stage for a potentially huge increase in energy supplies from the United States to China......»»

China's pledge to buy U.S. farm goods based on "market conditions" during the Phase 1 trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over Beijing's lingering tariffs on U.S. exports......»»

Under the phase one U.S.-China trade agreement, Beijing has agreed to buy between $40 billion and $50 billion in American agriculture -- roughly 25 percent of overall purchases, the secretary of agriculture said......»»

U.S. sources have told FOX Business the purchases will total $205 billion to $210 billion over two years......»»

Beijing is primed to launch the world's first digital sovereign currency. The rollout will give authorities a powerful tool to tackle fraud and money laundering. The underlying technology will be the breakout innovation to watch for, says Robyn Mak......»»

The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods......»»

The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm goods......»»