China, dubbed 'the
workshop of the world' for its sprawling supply chains and huge
export capacity, is hoping to manufacture something new next
week at a huge trade fair in Shanghai next week: import orders.
China's central bank said on
Friday that financial risks associated with "grey rhino" events
- highly obvious yet ignored threats - may surface next year as
the country faced increased uncertainties in the global economy
and financial markets.
European shares joined a global
relief rally on Friday after after U.S. President Donald Trump
fueled hopes among investors that a deal to end a prolonged
dispute over trade could be made with his Chinese counterpart Xi
Jinping later this month.
The U.S. Justice Department on
Thursday unveiled an indictment against two companies based in
China and Taiwan and three individuals, saying they conspired to
steal trade secrets from U.S. semiconductor company Micron
Technology Inc relating to its research and development
of memory storage devices.
China's primary money rates
eased on Friday from month-end highs but remained elevated
compared with a week earlier, as the central bank refrained from
injecting fresh funds into money markets for the sixth straight
The volume-weighted average rate of the benchmark seven-day
repo traded in...