China’s banking regulator has pressed commercial lenders this year to clean up their operations and reduce risk, as a surge in total lending causes the country to pay increasing attention to the health of its…
Monthly Archives For August 2017
China state news blasts Trump’s trade probe plans
Chinese state media says an expected order from U.S. President Donald Trump to investigate supposedly unfair trade practices will ”poison” relations between the two countries. Reuters’ Michael Martina reports. Press CTRL+C (Windows), CMD+C (Mac), or…
China Unicom issues H1 revenue warning
China Unicom has warned that first half revenue will come in lower compared to last year, but profit will surge by almost 70%. In a statement late last week, the operator said it expects revenue…
China Unicom shares up as six-month profit increases 69%
HONG KONG — China Unicom (Hong Kong) shares bounced back sharply in Hong Kong on Monday after the telecommunications company announced a 69% increase in its net profit for the first six months of the…
China Mobile won’t blindly invest in 5G
China Mobile chairman Shang Bing (pictured) said the operator won’t be able to determine the expected capex for its future 5G infrastructure until 5G technologies and business models are more mature. Speaking during the company’s…
China warns Trump of trade war if he orders tech theft probe
BEIJING –A Chinese state newspaper warned Monday that President Trump “could trigger a trade war” if he goes ahead with plans to launch an investigation of whether China is stealing U.S. technology. In a commentary…
China stocks close higher on tech-fuelled rebound
China stocks added to early gains on Monday to end higher … a once-in-five-years Communist Party leadership reshuffle in the autumn. Display company BOE Technology Group Co Ltd gained 3.0 per cent, and was the…
Facebook introduces photo-sharing app in China
The launch of the app comes as China is cracking down on technology that allows web surfers to evade Beijing’s online censorship. (Representational image) Facebook anonymously launched a new photo-sharing app in China in a…
Trump to seek trade probe of China amid NKorea tensions
BEDMINSTER, N.J. (AP) — Even as he seeks Beijing’s help on North Korea, President Donald Trump is poised to seek a trade investigation of China for the alleged theft of American technology and intellectual property.…
Hong Kong stocks rebound as technology, energy sectors gain
The Hang Seng Index opened up 0.8 per cent at 27,091.77. The Hang Seng China Enterprises Index, known as the H-share index, also gained 0.8 per cent, to 10,600.18. Technology and energy shares were among…
China July factory output rises 6.4 pct, investment up 8.3 pct, both miss forecasts
China’s factory output grew 6.4 percent in July from a year earlier, while fixed-asset investment expanded 8.3 percent in the first seven months, both below economists’ forecasts. Analysts polled by Reuters had predicted factory output…
Facebook anonymously launched an app in China
The social media company’s connection to the app was first reported Friday by The New York Times, which said it was released in China through a separate local company called Youge Internet Technology. The launch…
China plans to develop sea launches to give impetus to space commerce
A file photo of China Aerospace Science and Technology Corporation (CASTC). The CASTC says sea launch platform can be built based on modifying 10,000-tonne freighters. China plans to provide sea launches for commercial payloads to…
