An official at the police station in Fengxian county told AFP news agency that the explosion was under investigation. It is the latest tragedy to strike a nursery in China in recent weeks. A school…
Monthly Archives For June 2017
China shrugging off Fed action as yuan depreciation pressure eases
China’s monetary authority has shrugged off the US Federal Reserve’s fourth interest rate increase in two and a half years this week, as the Chinese macroeconomic reality demands a different tool kit and a radically…
China explosion: At least seven dead and dozens injured in nursery blast
Frantic calls to the nursery and the hospital were going unanswered, according to the AFP news agency. Two people died at the scene … bearing grudges against their neighbours and society. China maintains tight control…
Taiwan: Beijing wants Taiwan trade offices’ names changed
TAIPEI, Taiwan — Taiwan said China has been pressuring the governments of five countries in the Middle East, Africa and South America to force the island to change the names of its unofficial representative offices.…
China Mobile to Deploy Home Gateways with Nokia Solution to over 30 million Users in 2017
China Mobile has teamed up with Nokia to deploy millions of home gateways to provide residential customers across 29 different provinces in China with access to fiber-based ultra-broadband applications and intelligent home services. Under this…
China Mobile hits 2Gbps speeds with commercial Massive MIMO
China Mobile has announced completing a commercial deployment of 3D Multiple-Input Multiple-Output (3D-MIMO) in partnership with Chinese telecommunications technology solutions provider ZTE. 3D-MIMO, also known as Massive MIMO, has now been installed … ( read…
China stands pat on rates this time despite Fed hike
SHANGHAI China’s central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Federal Reserve’s key policy rate. The People’s Bank of China (PBOC) did not…
Can China Really Rein in Credit?
China’s regulators, it seems, are on the attack. Guo Shuqing, chairman of the China Banking Regulatory Commission, announced recently that he’d resign if he wasn’t able to discipline the banking system. Under his leadership, the…
China removes deputy banking regulator from post: cabinet
BEIJING China’s State Council has officially removed Yang Jiacai, the assistant chairman of the China Banking Regulatory Commission, from his post, according to a notice published on the website of the State Council. Last month,…
Detention of Anbang Insurance boss hits China banking shares
HONG KONG — Shares in China Merchants Bank and China Minsheng Banking were trading lower in Hong Kong on Wednesday following reports that Wu Xiaohui, chairman of China’s Anbang Insurance Group, the banks’ largest shareholder,…
China Finance Online Reports First Quarter 2017 Unaudited Financial Results
Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online, commented, “In the recent period, increased regulatory enforcement pressured a number of commodities exchanges to significantly reduce their commodity trading and eventually led to complete…
China Finance Online reports 1Q loss
BEIJING (AP) _ China Finance Online Co. (JRJC) on Wednesday reported a first-quarter loss of $11.6 million, after reporting a profit in the same period a year earlier. The Beijing-based company said it had a…
Detention of Anbang boss a milestone in financial industry crackdown, analysts say
The reported detention of Anbang Insurance chairman Wu Xiaohui could be a milestone in efforts to take on vested interests – many with connections to the political elite – in China’s financial sector, paving the…
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