Rice told Guo that the United States was concerned “about the potential impacts” of a law that China adopted in November aimed at combating hacking and terrorism. Critics of the law say it threatens to…
Monthly Archives For December 2016
Why Apple is investing in wind turbines in China
Apple’s latest deal in China doesn’t have anything to do with smartphones. The tech giant is investing in the Chinese wind power industry, turning to the world’s most populous country to help it achieve its…
China holds mantle of Asia’s technology, science power
Japan’s international status in science and technology is sinking at an alarming pace, despite a bevy of Nobel Prizes awarded to the country’s scientists in recent years, and it is swiftly being eclipsed by China.…
China to push reforms in 2017, financial risks rising: Xinhua
BEIJING China will forge ahead with supply-side reforms next year to deal with overcapacity and structural problems, while also moving to boost demand, the Xinhua news agency reported on Friday. Top leaders are due to…
Canadians accused of spying in China angry they can't help orphans, elderly
We assumed (they were) local police,” Kevin told CTV News Channel. “I think someone flashed a badge … The Garratts had spent the past three decades living in China as Christian aid workers, helping orphans…
China: Xi calls for stricter ideological control of universities
China’s President Xi Jinping has called for the country’s universities … raising fears over a further curtailing of academic freedoms. According to state news agency Xinhua, Mr Xi told a party meeting on ideology in…
China banks agree debt restructuring deal with Sinosteel: Bank of China
BEIJING Bank of China (601988.SS) (3988.HK) and five other Chinese banks have signed a debt restructuring deal with troubled steelmaker Sinosteel, in what is among the first significant restructuring deals involving a state-owned enterprise. As…
China central bank chief economist expects property investment to slow in 2017: Xinhua
BEIJING China’s property investment is likely to slow in 2017 and fixed-asset investment growth could come under pressure, Xinhua news agency quoted Ma Jun, chief economist of the central bank, as saying. China’s foreign trade…
China’s Central Bank Could Be Chef—Or Soup
As the proverbial frog on the stovetop knows well, there’s a fine line between a comfortable bath and being served for dinner. In China, higher prices are good news for industrial firms. But consumer prices…
China’s banks are hiding more than $2 trillion in loans
Bank officials aren’t shy about the accounting sleight of hand, which is rampant across China. The bank had about $US39 billion in investment receivables in the third quarter, nearly as big as its loan portfolio,…
Why capital is fleeing China and what it means for Australia
Victoria State Government provides funding as a strategic partner of The Conversation AU. Foreign reserves at the People’s Bank of China (PBoC), China’s central bank, fell for the fifth consecutive month in November, dropping by…
‘Nude selfies for loans’ scandal sheds light on China’s rampant underground banking
Details have been revealed of more than 100 more cases of young women college students in China who were forced to hand over naked selfies to ensure they would pay money back to loan sharks.…
China listed banks to see bad loans edging up: report
The average non-performing loans (NPL) rate of Chinese listed banks is forecasted to rise to about 1.8 percent by 2017, up from the forecasted 1.7 percent by the end 2016, Bank of China said in…
