Top Financial Regulator Says Trade War Can’t Last Long
China’s top banking and insurance regulator said the looming trade war with the U.S. could not be sustained and argued that China has better economic endurance for the consequences of a full-blown conflict.
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), made the comments as the two countries prepared to hit each other with tariffs Friday after months of threats and several rounds of failed negotiations.
- 1 Own Goal? China Company Faces Massive Customer Refund If France Wins World Cup
- 2HNA Unveils New Leadership Lineup After Death of Co-Chairman Wang
- 3Opinion: How Did China Leapfrog Everyone in E-Commerce?
- 4Debate Over China’s Fiscal Policy Heats Up as Growth Slows
- 5Luxury Brands Slash Price Tags in China
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas