China's central bank said on May 6 it would lower the reserve requirement ratio for small- and medium-sized banks on May 15, making about 280 billion yuan available for loans to small and private companies.
U.S. President Donald Trump said on Twitter on May 5 that he would increase U.S. tariffs on $200 billion of Chinese goods by the end of the week and target hundreds of billions more soon. Factory activity in China expanded for a second consecutive month in April but the pace slowed, according to data released on April 30. At 50.1, the official manufacturing purchasing managers’ index remains just above contraction. The April survey showed small- and mid-sized manufacturers continued to fare worse than larger companies, many of which are state-controlled.
China's five biggest state-owned banks collectively reported modest growth in earnings in the first quarter. Total assets grew at an average rate of 7.3 percent over the period to 270 trillion yuan. Chinese banks extended 1.7 trillion yuan in net new yuan loans in March, compared with the 1.2 trillion yuan expected by analysts polled by Reuters. Total bank lending in the first three months of 2019 hit a record quarterly tally of 5.8 trillion yuan.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump ratchets up pressure on China, threatens tariff hikesU.S. President Donald Trump vows tariff hike on Chinese goods, escalating tension in trade talks by jeffmason1 davidshepardson jeffmason1 davidshepardson Yes sir! The Chinese better behave and play fair. jeffmason1 davidshepardson jeffmason1 davidshepardson i dont agree with hardly anything Donald Trump does but i wish we had a leader with his balls but not a racist.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks making the biggest moves after hours: Alphabet, Yum China, MGM Resorts and moreStocks making the biggest moves after hours: Alphabet, Yum China, MGM Resorts & more Trump is amazing
Source: CNBC - 🏆 12. / 72 Read more »
Economists fact-check Donald Trump's claim China, and not U.S. companies, are paying for tariffsEconomic analysts, including the White House's own adviser, appeared baffled by President Donald Trump's China tariff claim Sunday that China — and not U.S. companies — are paying billions in tariff costs. DerangedDonald Is it any wonder this genius was losing over $100m per year? Some other try to get this chance
Source: Newsweek - 🏆 468. / 52 Read more »
Trump lashes out against Firefighters Union hours after Biden endorsementTrump lashed out against the International Association of Fire Fighters, claiming the organization will unfairly 'always support Democrats' Notice how any action that is not in his favor, our distinguished POTUS labels as 'unfair'? This guy has got to go..... union leadership to be specific, but hey who cares about details right?
Source: politico - 🏆 381. / 59 Read more »
Trump may need more than tariff threats to rattle China on tradeU.S. President Donald Trump may have to choose between U.S. stock markets and hampering the Chinese economy enough to make Beijing bend on the ongoing trade dispute. Yes he need to grow up METOO I GOT AN IDEA as WELL realDonaldTrump ARE YOU IN? 2.5 % tauchen die Vorbörsen...
Source: CNBC - 🏆 12. / 72 Read more »
Trump threatens higher U.S. tariffs on China - Reuters TVU.S. President Donald Trump on Sunday dramatically increased pressure on China to reach a long-sought trade deal by announcing he will markedly increase U.S. tariffs on certain Chinese goods. TV . PUTINtrump2020 GOP=GobblingOrangePoop . TV TV This trade war isn't ending anytime soon.
Source: Reuters - 🏆 2. / 97 Read more »
China is letting its currency decline in a 'snub' to Trump, ING saysChina has started letting the yuan weaken slightly in a pointed 'snub' to U.S. President Donald Trump, Dutch bank ING said in a report. That’ll show him 🙄 China is in it for the Long haul, Trump never is Yeah right. They’re running out of dollars to preserve the peg.
Source: CNBC - 🏆 12. / 72 Read more »
Trump says Biden is ‘very naive about China’“If Biden actually said that, that’s a very dumb statement,” the president said in response to Biden’s claim Wednesday that China “is not competition for us.” He was a US Senator when you were hosting a reality TV show Trump is very naive about the rule of law. No one is above the law and Trump will soon find out...finally. Trump should talk about Biden's illicit ties to Ukraine.
Source: washingtonpost - 🏆 95. / 72 Read more »
As China trade talks race to finish, Trump may settle for lessThe U.S. Chamber of Commerce warns that U.S.-China trade talks may not deliver on all of Trump’s lofty goals. Gollee, noooooo!!? Who saw that comin Just as the American people have for 2 plus years Threaten, grandstand, settle for less... The art of the Trump deal
Source: washingtonpost - 🏆 95. / 72 Read more »
Trump suddenly says he’ll raise China tariffs before talks this weekPresident Trump intensified pressure on China to strike a trade deal in Washington this week by threatening to more than double tariffs on $200 billion of the Asian nation’s sales to the world’s largest economy. I believe they call all this 'winning.' China isn’t scared! Which side are you guys on? Sheesh.
Source: latimes - 🏆 11. / 82 Read more »
China may withdraw from this week's trade talks with U.S. after Trump threats: reportChina may pull out of trade talks scheduled for this week in Washington after President Donald Trump said he would raise tariffs on $200 billion in Chinese... Hey Donald: Nice move, bowels. Long game. This is a fight we have to win SEC gets on elonmusk balls about tweeting about Telsa why don’t SEC fine the government for tweeting nonsense 😡
Source: MarketWatch - 🏆 3. / 97 Read more »