Vietnam has reportedly terminated a gas-drilling expedition in a disputed area of the South China Sea, following strong threats from China. A source in the south-east Asian oil industry has told the BBC that the…
Monthly Archives For July 2017
China’s Politburo pledges to prevent ‘systemic’ financial risks: Xinhua
BEIJING (Reuters) – China’s Politburo, the Communist Party’s top decision-making body, said Beijing will implement a “proactive” fiscal policy and “prudent” monetary policy in the second half of the year, the official Xinhua news agency…
Deregulation creates China consumer loans boom
Since regulators opened up the consumer finance market three years ago, lenders have deployed hundreds of thousands of salespeople to cash registers and even car parks across China to hand out on-the-spot loans for phones,…
Beijing police on manhunt after deadly hit-and-run: Xinhua
SHANGHAI (Reuters) – Beijing police are hunting for a man suspected of stabbing five people and then ploughing into a group of nine others with a van, killing one and injuring eight, the official Xinhua…
Student detained in China has been released, according to senator
An American college student who was arrested in China one week ago after allegedly injuring a taxi driver who was roughing up his mother in a dispute over a fare has been released, according to…
In China, Herd of ‘Gray Rhinos’ Threatens Economy
SHANGHAI — Let the West worry about so-called black swans, rare and unexpected events that can upset financial markets. China is more concerned about “gray rhinos” — large and visible problems in the economy that…
China: India must pull back its troops amid border standoff
“China’s determination and resolve to safeguard national security and sovereignty is unshakable,” Wu said at a news conference to mark the upcoming 90th anniversary of the founding of the People’s Liberation Army. “Here is a…
The Key for Brand Success in China is a Strong Digital Presence
Digital ad spending in China keeps rising, despite a minor slowdown in the world’s second-largest ad market. In fact, 57% of advertising spending in China will be directed to the internet in 2017, according to…
Lenders battle for China’s $500bn consumer finance market Deregulation creates China consumer loans boom
At a Samsung smartphone shop in a mall in Shanghai, 31-year-old Lin Wenjie is considering which phone to buy when a saleswoman approaches him with a suggestion. The saleswoman, who works for consumer lending company…
China’s debt specter could haunt Fed’s policy meetings
HONG KONG (Reuters) – In September 2015, the U.S. Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing…
China’s budding online-grocery market a huge opportunity for Canadian food producers
The first time Matthew Bragg tried to sell Atlantic Canada wild blueberries in China, he sent 1.5-kilogram bags … an Oxford, N.S.-based family business that is the top global producer of wild blueberries. “They don’t…
China holds Canadians ‘for smoking marijuana’
“Consular services are being provided to two Canadians who were detained in Beijing, China, as well as to their families,” said a spokesperson for the department. “Consular officials are in contact with local authorities to…
China Unicom says talks with strategic investors ongoing, no agreements signed
BEIJING (Reuters) – Telecommunications operator China United Network Communications (600050.SS) said on Sunday it is still in talks with potential strategic investors and has not yet signed any binding agreements. Reuters reported on Friday that…