China 'to sanction' US firms over Taiwan arms sales

China 'to sanction' US firms over Taiwan arms sales

With US President Donald Trump campaigning vigorously for re-election, partly on his strong stance against China – its fast-rising rival, there was always the likelihood that ties would be tested, perhaps severely, in the lead-up to the November 3 poll. And that has proven to be the case in recent …

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China ratifies extradition treaties with Cyprus, Belgium

China ratifies extradition treaties with Cyprus, Belgium

(ATF) Numerous Chinese citizens who became holders of the European Union's ‘Golden visa’ and other foreign passports are being hunted down under China’s “Operation Skynet” – an anti-corruption scheme set up five years ago – aided by extradition treaties signed recently with more EU states. Reports in the Chinese media …

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China eyes more US corn after recent flood crisis

China eyes more US corn after recent flood crisis

China's government is reportedly discussing permits for millions of tonnes of additional corn imports over the next year, amid a surge in animal feed demand and after extensive flooding in the Yangtze basin drought damage hit domestic supplies. A round of new import orders from China would make it the …

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Global financial system must include all internet banking: Jack Ma

Global financial system must include internet banking: Jack Ma

(ATF) China's richest man says the global system established after World War II is outdated and needs to be overhauled to incorporate the entire internet finance system and one that encourages innovation. Speaking at the Bund Summit in Shanghai, the founder of Alibaba and highly-respected billionaire, said the current financial …

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Sri Lanka's bonds slump after US calls for 'difficult' choices over China ties

Sri Lanka's bonds slump after US calls for 'difficult' choices over China ties

Sri Lanka’s government bonds fell heavily on Friday after the United States urged the country’s government to make “difficult but necessary choices” regarding its ties with China. Worries that this year’s Covid-19 crisis could see the country struggle to pay its debts have already seen its bonds slump almost 40% …

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US banks fear regulatory nightmare from pandemic loans

US banks fear regulatory nightmare from pandemic loans

Banks that facilitated the US government's Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the Covid-19 pandemic. But as taxpayers begin to take on the cost of forgiving those …

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China plays rare earths 'Trump card'

China plays rare earths 'Trump card'

(ATF) China has passed an export control law that seeks to punish US restrictions on the use of Chinese technology by choking American access to critical rare earths supplies. In what state officials have described as a “Trump card” it plans to play against the administration of President Donald Trump, …

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