China on Thursday stressed mutual respect and cooperation with the U.S. in response to tough talk from Donald Trump’s pick for secretary of state, who said the administration would block Chinese access to its fortified…
Monthly Archives For January 2017
China’s young professionals are developing a serious craze for downhill skiing
The vacation spot is where China’s prominent business figures gather for the China Entrepreneurs Conference every November. Until recently, the sport has been dominated by the newly affluent. William Zhong, who works for a venture…
China’s reputation for low-cost manufacturing under attack
Looking back, Mr Cao has said that it was actually a good time to do business: the government was too busy waging ideological campaigns to enforce its regulations. Mr Cao went on to become a…
China rejects U.S. trade claims, says outlook challenging, complicated
BEIJING (Reuters) – China’s commerce ministry said on Thursday it will “try all methods” to stabilise trade in what it sees as a challenging and complicated trade outlook this year. Commerce Ministry spokesman Sun Jiwen…
China vehicle sales to grow 5 percent in 2017 as tax cut reduced
BEIJING(Reuters) – China’s vehicle sales jumped 13.7 percent in 2016, the fastest pace in three years, thanks to a tax cut on small-engine cars but growth is expected to slow this year as the incentive…
China banks extend record 12.65 trillion yuan in new loans in 2016
China’s top leaders pledged after a key meeting last month to stem the growth of asset bubbles in 2017 and place greater importance on the prevention of financial risk, while keeping a “prudent and neutral”…
China banks extend record 12.65 trln yuan in loans in 2016 as debt worries mount
China’s banks extend record 12.56 trln loans in 2016 * Bank lending surges as Beijing seeks to hit GDP growth target * But concerns grow about risks of prolonged debt-fuelled stimulus * Containing financial risks…
China 2016 auto sales surge at fastest in three years
the finance ministry announced last month the tax would be increased to 7.5 percent beginning January 1 of this year and restored to the original rate of 10 percent next year. US auto giant General…
China’s Great Money Ball Has More Bubbles in Sight for 2017
Call it China’s Great Ball of Money, Whac-a-Mole Finance, or simply a whole lot of liquidity. Whatever term you use for the excess credit trapped in China’s financial system, few would deny that predicting its…
China's consumer finance promising
“Consumption is a hotspot of China’s economic growth, so is finance. Thus the consumer finance should also be a hotspot as it is a hotspot overlay,” said Li Daokui, direct of China and World Economic…
China detains 720 in pollution crackdown
China detained 720 people while Beijing imposed $US21.8 million ($A29.3 million) in fines for violating environmental protection laws in 2016. China is in the third year of a “war on pollution” aimed at containing the…
Tillerson sets stage for clash with Beijing, says China should be barred from islands
U.S. President-elect Donald Trump’s nominee for secretary of state has set a course for a potentially serious confrontation with Beijing, saying China should be denied access to islands it has built in the contested South…
China calls for peace as it sends aircraft carrier, warships through Taiwan Strait
China’s navy “does not pose a threat to the security of this region or to neighboring countries,” said Liu, speaking at a news conference to discuss the Cabinet report. ( read original story …)
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