The renminbi fell past the key point of 7 to the U.S. dollar, in a signal that Beijing may be willing to use devaluation as a trade war weapon.
Author: ALEXANDRA STEVENSON
U.S.-China Trade Talks End With No Deal in Sight
Negotiators left Shanghai on Wednesday with little immediate sign of progress as both sides appear to be settling in for a long economic clash.
As Protesters Fill Hong Kong’s Streets, Businesses Are Alarmed, Too
A wave of concern has spread through a community of foreign consultants, investors and executives who have made the territory their home and regional headquarters.
China Strikes Defiant Stance on Trade Against Trump
In a new white paper, Beijing blamed the United States for the breakdown in trade talks. Some companies, like FedEx, are already feeling pressure from the Chinese government.
China Faces New ‘Long March’ as Trade War Intensifies, Xi Jinping Says
The Chinese leader invoked a time of hardship before success in Communist Party history, at a time when the economy and consumers face other challenges.
China’s Economy Stabilizes After Beijing Opens the Bank Vaults
New figures suggest the Chinese slowdown is bottoming out. Credit goes to a wave of lending, but economists warn that debt-fueled growth can’t continue.
China Yields on Malaysia Rail Project as Global Infrastructure Program Is Re-Examined
The government said work on the East Coast Rail Link would resume after its price tag, originally projected at up to $20 billion, was cut nearly in half.
Malaysia Approves Chinese Rail Project After Price Is Slashed
The government said work on the East Coast Rail Link would resume after its price tag, originally projected at up to $20 billion, was cut nearly in half.
Ex-VW Chief Knew of Diesel Scheme Years Earlier Than He Admitted, S.E.C. Says
The allegation, included in a lawsuit accusing the carmaker of defrauding investors, is likely to bolster claims by investors seeking billions of dollars in damages over an emissions-cheating scandal.
Maria Ressa, Philippine Journalist Critical of Rodrigo Duterte, Is Released After Arrest
Her detention in a digital libel case involving her online news site, Rappler, comes amid a crackdown on the news media by the president.