Foreign car companies usually avoid those costly fees by forming joint ventures with local manufacturers to build cars in China. The downside is that forces them to share profits and technology with Chinese partners, an…
Monthly Archives For October 2017
China promotes 3 potential central bank leaders
BEIJING — China’s ruling Communist Party has promoted three potential successors to long-serving central bank chief Zhou Xiaochuan, setting up a possible handover as Beijing tries to rein in surging debt and financial risks. The…
China central bank chief raises new worry in China: Mortgage-driven household debt
Although analysts are generally optimistic that Chinese officials will gradually reform corporate reliance on debt, China’s mortgage-fueled household debt is growing at an “alarming” rate, Citi says. Chinese President Xi Jinping called out the property…
China lifts Xi’s status to most powerful leader in decades
BEIJING — The ruling Communist Party on Tuesday formally lifted Xi Jinping’s status to China’s most powerful ruler in decades, setting the stage for the authoritarian leader to tighten his grip over the country while…
Airbnb’s China head exits, a week after co-founder named unit’s chair
BEIJING (Reuters) – The head of Airbnb Inc’s China business has resigned four months after taking the role, the company confirmed on Tuesday, the latest leadership change for the unit which operates in an country…
China fiscal deficit to be under 3 percent target, says finance minister
China’s finance minister said the country’s 2017 fiscal deficit will be less than the budget deficit target of 3 percent of GDP due to stronger-than-expected economic growth, South China Morning Post (SCMP) reported on Monday,…
China’s Communist Party inserts Xi into party constitution
BEIJING — China’s ruling Communist Party moved Tuesday to confirm Xi Jinping’s rise to becoming the country’s most powerful leader in decades by amending its constitution to add his name and ideology. Xi’s concept of…
China’s Communist Party inserts Xi Jinping into party constitution
BEIJING – China’s ruling Communist Party has amended its constitution to add President Xi Jinping’s name and ideology in an extension of his formidable political sway. Xi’s concept of “socialism with Chinese characteristics for a…
China has grand ambitions to dethrone the dollar. It may make a powerful move this year
China is looking to make a major move against the dollar’s global dominance, and it may come as early as this year. The new strategy is to enlist the energy markets’ help: Beijing may introduce…
China Names Top Leaders, With One Notable Absence
The name of China’s powerful anti-graft chief was absent from the Communist Party’s new central committee, according to a list published by the official Xinhua News Agency, suggesting that President Xi Jinping is adhering to…
Money20/20 to launch in China
The host city of Hangzhou, in China’s Zhejiang Province, has been chosen based on its long-term commitment to the future of finance. It is also home to such financial innovators as Alibaba and LianLian Group…
China’s Entrepreneurs Squirm Under Xi’s Tightening Grip
BEIJING — Guo Junwen was a successful property developer in southwestern China when the authorities threw him behind bars three years ago on charges involving land use and seized his business. Now free, Mr. Guo…
China’s Xi accrues power, worrying critics and delighting supporters
Nor did the displays charting China’s climate change progress or other technological advancements. Instead, it was an exhibit showing how Xi has locked up thousands of corrupt officials that drew his approval. “We finally have…
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