China’s technology companies are rushing into financial services, converting hundreds of millions of captive users from gaming, social networking, and e-commerce into ready customers via mobile devices. Market watchers said the changes brought by ……
Monthly Archives For January 2017
China's chip company to build $30 bn semiconductor factory
BEIJING: China’s largest chip maker has announced it will invest USD 30 billion to build a new semiconductor factory, as the world’s second largest economy seeks to reduce its dependence on foreign technology. The state-owned…
China advances chip ambitions with plan for a $30b plant
That will help China “leapfrog development in mainstream storage,” according to a statement carried on the company’s website. Tsinghua, the investment and technology affiliate of the university attended by Chinese President Xi Jinping, is leading…
The US just put China on notice with F-35s in the Pacific — but China may be ready with a counter punch
… that a Chinese military official said China has developed a new form of radar that can detect stealth planes up to 60 miles away. Not only that, but the radar cannot be spoofed with…
Global and China Mobile Payment Market, 2020: Focus on Mobile Banking, Third-Party Mobile Payment, NFC Payment, 2D Barcode Payment
Dublin, Jan. 20, 2017 (GLOBE NEWSWIRE) — Research and Markets has announced the addition of the “Global and China Mobile Payment Industry Report, 2016-2020” report to their offering. “Increasingly popular smartphone, further implementation of ……
China Mobile deploying Brocade software in public cloud rollout
Brocade software has announced that it has been selected by China Mobile to provide network functions virtualization (NFV) software as part of the telecommunications company’s public cloud launch. China Mobile will deploy Brocade’s Virtual Traffic…
Trump could benefit B.C. economy — if he works with China, expert says
As the inauguration of U.S. President Donald Trump takes place today, at least one expert says his presidency could benefit B.C.’s economy — as long as he doesn’t start a trade war with China. The…
China’s economy faces testing times with arrival of Trump and Year of the Rooster
Even in one of China’s busiest shopping areas, the enthusiasm to spend is limited among Chinese consumers, even with the Lunar New Year holiday, the most important festival in China, only about a week away.…
China’s GDP beats expectations but debt risks loom
But Beijing’s decision to prioritize its official growth target could exact a high price, as policy makers grapple with financial risks created by an explosive growth in debt. China’s debt to GDP ratio rose to…
China launches state financial media group: Xinhua
SHANGHAI China has merged five state media companies in a bid to improve the quality and influence of the country’s economic and financial news services, state news agency Xinhua reported on Friday. Last week, China’s…
China Said to Relax Index Futures Curbs as Market Steadies (2)
China Financial Futures Exchange will cut transaction fees, lower margin requirements for non-hedging accounts and double the number of new positions such traders are allowed to open per day, the people said. The updated rules…
China’s IPO craze a hurdle for new financial market reform
A buying craze in newly listed stocks may eventually crimp efforts by China’s securities regulators to deregulate the IPO system, say analysts and industry watchers. Investing in initial public offerings (IPO) can sometimes bring investors…
China cuts reserve ratios for big five banks temporarily amid cash crunch: sources
SHANGHAI China has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves to relieve pressure in its financial system as demand for cash surges ahead of…
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