HTC shares had been suspended from trade on Thursday, prior to the announcement. Chinese banks were also on the radar after the People’s Bank of China reportedly informed them to adhere to United Nations sanctions…
Monthly Archives For September 2017
Shanghai fans eat up Canucks-Kings pre-season China spectacle
Kobe Bryant appeared on video. NHL mascots gave the crowd a primer on what this odd game is all about. NHL preseason hockey made its debut in China — a 5-2 victory by the Los…
S.&P. Downgrades China’s Debt, Citing a Surge in Lending
China’s Finance Ministry called the move “a mistaken decision” and labeled concerns about China’s debt “stale news.” It cited the country’s efforts to close excess factories and streamline industries that suffer from overcapacity and ……
China criticizes S&P credit rating cut as ‘wrong decision’
BEIJING (AP) — China’s Finance Ministry on Friday criticized the cut in the Standard & Poor’s rating agency’s credit rating on Chinese government borrowing as a “wrong decision” and said it ignores the country’s economic…
China’s Mining Industry: An Open Opportunity for Investors
… of the China Mining Association and former vice-chairman of the Geological Society of China, has confirmed that sentiment. He told the Investing News Network that although China is completing the industrialization phase of its…
Motor racing: China, Bahrain may swap places on 2018 F1 calendar
GROVE, England (Reuters) – Formula One is confident China will have a race next season but the grand prix in Shanghai may end up swapping dates with Bahrain, commercial managing director Sean Bratches said on…
China’s credit rating downgraded by S&P
China’s credit rating has been downgraded by Standard & Poor’s (S&P) because of worries over the rapid build up of debt in the country. S&P cut China’s rating by one notch from AA- to A+,…
Minister Chagger addresses Canada China Business Council annual general meeting
Strong people-to-people ties will be the foundation for mutual prosperity and growth, especially during the Canada-China Year of Tourism in 2018 “Canada and China have a long and deep relationship. The many Canadians who have…
China won’t compete even in 50 years – Tevez blasts level of Chinese football
The level of football in China is so poor that it will take the Asian nation more than half a century to compete, according to Carlos Tevez. Carlos Tevez has launched an astonishing attack on…
S&P downgrades China, says rising debt is stoking economic, financial risks
S&P’s one-notch downgrade to A+ from AA- comes as Beijing grapples with the challenges of containing financial risks stemming from years of credit-fueled stimulus to meet ambitious government economic growth targets. “The downgrade reflects our…
China’s debt risks are rising
warning that “a prolonged period of strong credit growth has increased China’s economic and financial risks.” The move is likely to come as an unwelcome irritant for Chinese President Xi Jinping as he tries to…
Duck de Chine: Beijing’s best Peking duck?
(CNN) — When the gong sounds, almost every diner at Beijing restaurant Duck de Chine turns around. That’s because one of the city’s greatest culinary shows is about to begin — the slicing of a…
NHL hoping to make inroads in China with preseason games
Large dehumidifiers were rolled in and the mist eventually cleared, but the NHL has perhaps a bigger visibility problem in China – a country with little tradition of winter sports, hockey included. The league is…
