(Beijing) — China Mobile Ltd., the world’s biggest wireless carrier, said it returned to profit growth in the first quarter of 2017, as it posted strong gains in data usage after aggressively promoting its high-speed…
Monthly Archives For April 2017
China WMP growth eases in first quarter amid crackdown – regulator
SHANGHAI/BEIJING The growth of Chinese wealth management products (WMPs) and interbank liabilities eased in the first quarter of the year, China’s banking regulator said late on Friday, amid a crackdown by Beijing on risky behavior…
China's financial trends are 'dangerous and unsustainable'', says International Monetary Fund
NEW DELHI: Even though the International Monetary Fund (IMF) said today that it may increase its 2017 GDP projection for China – after better than-expected first-quarter growth numbers – it warned that financial trends from…
Why Beijing should lead on the North Korean crisis
“The definition of insanity is doing the same thing over and over again, but expecting different results.” The quotation is attributed to Albert Einstein but after a torrid few days on the Korean peninsula, it’s…
IMF says may raise China 2017 GDP forecast again
WASHINGTON China’s economy may grow faster than the International Monetary Fund (IMF) had expected for all of 2017 after a first-quarter performance that beat forecasts, the fund said, as it urged Beijing to address entrenched…
Ivanka Trump's brand ramped up China trademark work in 2016
SHANGHAI – Ivanka Trump’s brand intensified its work in China as her father closed in on the Republican nomination for U.S. president, with her company applying for nearly twice as many trademarks in a five-month…
China Unicom profit jumps 79 percent on 4G, fixed-line businesses
HONG KONG State-owned China Unicom Hong Kong Ltd (0762.HK) said on Friday first-quarter profit surged 79 percent as it focused on its 4G mobile broadband service, while its fixed-line segment maintained steady growth. China Unicom’s…
Imitation Game: China carmakers ape foreign brands at Shanghai show
If imitation is the sincerest form of flattery, then global carmakers are basking in the compliments at Shanghai’s auto show, where some Chinese-made models bear striking resemblances to famous foreign brands. The annual exhibition is…
China Unicom's Q1 profit jumps 79%
China Unicom reported service revenue of CNY 61.4 billion for the first quarter of 2017, which represents an increase of 2.4 percent year-on-year and 6.6 percent quarter-on-quarter. Mobile service revenue amounted to CNY 37.1 billion,…
China Unicom First-Quarter Net Profit Up 79% to CNY862 Million
China Unicom (Hong Kong) Ltd. (0762.HK) on Friday reported a 79% rise in net profit for the first quarter. Continue Reading Below The Chinese mobile operator’s net profit for the period was 862 million yuan…
China Mobile, others approached for buying into Singapore telco M1: sources
SINGAPORE Top shareholders in Singapore telecoms company M1 Ltd (MONE.SI) have approached potential buyers China Mobile (0941.HK) and global private equity firms, among others, to sell their combined majority stake in the firm, sources familiar…
China's banking regulator warns trust firms of rising danger: sources
BEIJING China’s banking regulator sees “severe risks” from funds flowing into the real estate, coal and steel industries through the trust industry, a major part of the shadow banking sector, two sources with knowledge of…
China Update – Why Is the Consensus Now So Optimistic?
But, as I have been arguing for years, China was not on the verge of a financial collapse and was never likely to collapse as long as regulators were credible and able to restructure liabilities…
