While Australian consumers continue to avail themselves of online payment services in very high numbers, our usage of smartphone wallets remains low compared to many countries in the region. China stands out with smartphone wallet…
Monthly Archives For December 2016
Meet the Ma family: How millennials are changing the way China thinks about money
The frugal attitude of previous generations produced the bedrock of China’s credit worthiness – household savings equal to some 50 percent of GDP, one of the highest levels globally. Ma and his cohorts are changing…
China develops non-toxic propellant for orbiting satellites
The ammonium dinitramide (ADN) technology used in the system proved successful when it was tested in the Shijian-17 satellite sent into space last month, the China Aerospace Science and Technology Corporation said in a statement.…
China Launches New-Generation Weather Satellite
clouds and space environment of China and surrounding regions, significantly improving capabilities of weather and climate forecasts, according to the State Administration of Science, Technology and Industry for National Defense. The China Meteorological … (…
China Mobile Ltd. (CHL) Position Held by Commerce Bank
Commerce Bank maintained its stake in China Mobile Ltd. (NYSE:CHL) during the third quarter, Holdings Channel reports. The firm owned 3,641 shares of the company’s stock at the end of the third quarter. Commerce Bank’s…
China Automotive Finance Industry Report, 2016
Auto finance industry is flourishing in China with market size approximating RMB850 billion in 2015 and expected to rise by 17.6% from a year ago to around RMB1 trillion in 2016. Compared with mature markets…
Connoisseur of crises sees China easily avoiding one
… a career in Chinese banking that’s spanned four decades－it included time as the head of Industrial & Commercial Bank of China, the world’s biggest lender by assets－Jiang has studied meltdowns through the ages. He’s…
Donald Trump hints US 'One China' policy could end
… a series of tweets criticising China for its exchange rate policy and its operations in the South China Sea. Speaking in an interview with Fox News broadcast on Sunday, Mr Trump said: “I don’t…
MP’s law firm sued in case involving allegations of Chinese underground banks and missing millions
A Chinese man who has sued Richmond MP Joe Peschisolido in connection with an immigration-investment fraud case claims a group of seven investors were induced by a B.C. immigration entrepreneur to use illegal underground banking…
Trump stirs Taiwan controversy again by saying he might change US's 37-year-old 'one China' policy if America doesn't get a better deal
At present China and Taiwan both claim ownership of each-other’s territories, but the US only recognizes the Chinese claim, while maintaining unofficial ties with Taiwan. Speaking to Fox News Sunday, Trump said: ‘I fully understand…
China conducts flyover of waterways near Japan, Taiwan
BEIJING – China has conducted a flyover of strategically important waterways near Taiwan and Japan, in what it calls a routine exercise. China’s Defense Ministry says it flew planes Saturday over the Miyako Strait between…
Donald Trump says U.S. not necessarily bound by ‘one China’ policy
The congratulatory call that Trump accepted from Taiwan President Tsai Ing-wen was the first such contact with Taiwan by a U.S. president-elect or president since President Jimmy Carter switched diplomatic recognition from Taiwan to China…
Trump: US not bound by 'one China' policy
… why we have to be bound by a ‘one China policy’ unless we make a deal with China having to do with other things, including trade,” Trump said on an interview with Fox News…
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