BEIJING — China’s top economic planner pledged Tuesday to continue cutting steel and coal production that have been a source of trade friction with many countries. China reached targets for cuts last year, Xu Shaoshi,…
Monthly Archives For January 2017
China seeks foreign investment in five-year trade plan
BEIJING (Reuters) – China’s commerce ministry reiterated its determination to lure foreign investment in manufacturing and its backing for domestic companies going overseas in a foreign trade plan for the five years to 2020 published…
Taco Bell China launches in Shanghai
The restaurant has opened in conjunction with Yum China Holdings, which is the licensee of Yum! Brands in Mainland China. “Leveraging our deep insights into Chinese consumer preferences, developed from close to 30 years working…
Jordan Brand’s New Chengdu Store Is The Largest Jordan-Only Store In Asia
GM of Jordan Brand Greater China said in a Nike News press release. “We look forward to bringing amazing product and personalized services to basketball and sneaker fans in Chengdu and Taipei.” The Jordan Brand…
China warns US on Taiwan leader's stopover
Chinese state media has warned the US against deviating from the one-China policy, hours after the Taiwanese leader stopped briefly in Houston. Tsai Ing-wen met Texas Senator Ted Cruz and Governor Greg Abbott during her…
China Warns After Cruz, Abbott Meet Taiwan's President
At a news briefing in Beijing on Monday, Foreign Ministry spokesman Lu Kang said China was firmly opposed to any contact between Taiwan’s leader and “anyone from the U.S. government.” He said such contacts threaten…
China IPO Fundraising Set to Jump as State Pushes Debt Reduction
Fundraising from Chinese domestic initial public offerings in 2017 is expected to jump to the highest level in six years, as the government turns to the stock market to help companies reduce debt. The volume…
China's banks have limits on how much they can lend
In fact, the opposite has happened. Central and local government borrowing in China has soared: bank and shadow-bank credit has grown rapidly: and the People’s Bank of China (PBOC) has increasingly issued direct loans to…
China's poorest, trying to stay warm, add greatly to smog
QIAN’AN, China — An overloaded coal truck rumbles down from the steel factory and hits a bump, sending chunks of its black cargo skittering and click-clicking along the asphalt. Waiting by the roadside, a farmer…
Big China bitcoin exchange says no government pressure on outflows
SHANGHAI (Reuters) – The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and…
China Rapid Finance Announces Partnership with Tencent Licaitong For Investment Products
Marketplace lending platform, China Rapid Finance, announced on Sunday it has teamed up with Tencent’s wealth management platform, Licaitong, to provide new investment products for individual investors. The online lender stated that with it as…
Tencent, China Rapid Finance team up on new online consumer investment products
Internet giant Tencent Holdings could be poised to ramp up the operations of its online wealth management service, Licaitong, under a new alliance with China Rapid Finance, operator of the mainland’s largest online consumer lending…
China Needs To Fix Its Shady Bond Market
Last month gave us another story of a bubble and a bust in China’s financial markets. The trouble began in mid-December: After the U.S. Federal Reserve raised interest rates, China’s bond market saw a record…
