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Seven days: 24 August 2018

Seven days: 24 August 2018

Export boost

As China entered fresh trade talks with the US this week, the country’s banking regulator ordered lenders to boost credit to infrastructure projects and exporters to bolster economic confidence. The China Banking and Insurance Regulatory Commission urged banks to support companies facing “temporary difficulties”, to promote “stable employment and stabilise foreign trade and investment”. So far only 10 per cent of Chinese annual exports have been hit with the tariffs, but President Trump has threatened to extend taxes on half of all Chinese exports to the US by the end of October.  

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