Yi Huiman was replaced as chairman of the China Securities Regulatory Commission, the CSRC, with Wu Qing, who has led the Shanghai Stock Exchange and served as a key deputy in Shanghai's municipal government. While no reason was given for Yi's removal, it came after China's stock market hit a five-year low on Monday and investors scrambled to cut their losses.
Another trade war in the making? China's growth model pushes Beijing into more conflicts with the West thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Swiss solar panel
maker Meyer Burger is facing the brunt of competition
from China and is warning it may have to close its loss-making
production plant in Germany unless the government steps in.
Analysis-China's growth model pushes Beijing into more trade conflicts By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.