China Weekly (Oct. 26 - Nov. 1)

China-U.S. financial working group holds sixth meeting

The China-U.S. financial working group has held its sixth meeting in the U.S. capital of Washington, DC. U.S. Treasury Secretary Janet Yellen also met with the Chinese delegation.

 

EU tariffs on Chinese EVs face backlash

China does not acknowledge or accept the European Union's final ruling to impose additional tariffs on electric vehicles manufactured in the Chinese market, the Ministry of Commerce said on Wednesday, vowing to take all necessary measures to protect the interests of companies.

 

China's manufacturing PMI rises to 50.1 in October

The purchasing managers' index (PMI) for China's manufacturing industry, which gauges activity in the sector, rose to 50.1 in October, marking a return to expansion territory from 49.8 in September.

 

Survey: Foreign firms willing to invest

According to a report released on Thursday by the China Council for the Promotion of International Trade, about 90 percent of surveyed foreign companies rated China's business environment as "satisfactory" or higher. The survey included more than 400 foreign companies operating in China in the third quarter.

 

China's central bank unveils new monetary policy tool

The People's Bank of China (PBOC), the central bank, announced on Monday that it will initiate its outright open market reverse repo facility, with open market operations scheduled once a month and tenors of less than one year.