China has stepped up efforts to work with American businesses in a bid to acquire advanced technology, part of a drive to become a leading technology-innovation power. “China is pushing to further deepen technology collaboration…
Monthly Archives For October 2017
BMW eyes possible electric vehicle joint venture in China: sources
SHANGHAI/BEIJING (Reuters) – German luxury automaker BMW is looking to form a joint venture with Great Wall Motor in China, which could focus on electric vehicles, according to two sources familiar with the matter on…
China makes progress against shadow banking: report
BEIJING, Oct. 11 (Xinhua) — China has made headway in reining in its shadow-banking sector, Fitch has said in a report, with risk control in the financial system a priority since the beginning of the…
China names new leaders of anti-corruption agencies at financial regulators
China’s Communist Party has named new top officials to lead anti-corruption agencies at the country’s banking and insurance regulators as it makes final preparations for a twice-a-decade party congress later this month. Lin Guoyao, a…
Chinese central bank official insists new cash reserves rule won’t affect resolve to cut financial risk
The plan by China’s central bank to cut the amount of cash reserves that some banks must hold will not alter policymakers’ resolve to lower financial risk, state-run China Daily reported an official as saying…
Unprecedented data trove maps China’s growing global reach and self-interest of its aid
“Irrespective of the funding source, less concessional and more commercially oriented types of official finance do not boost economic growth.” China’s secrecy on foreign aid is partly because of “domestic politics,” says Mathieu Duchatel, senior…
China moving forward with sale of US dollar denominated bonds
China is moving forward with plans to issue its first sovereign bonds in dollars since 2004 in a deal that will put a symbolic seal of approval on the booming offshore Asian debt market. The…
Beijing Pushes for a Direct Hand in China’s Big Tech Firms
HONG KONG—The Chinese government is pushing some of its biggest tech companies—including Tencent, Weibo and a unit of Alibaba—to give the state a stake in them and a direct role in corporate decisions. Wary of…
China targets U.S. technology to become innovation leader
China has stepped up efforts to work with American businesses in a bid to acquire advanced technology, part of a drive to become a leading technology-innovation power. “China is pushing to further deepen technology collaboration…
M&M to draft new China script for farm machinery
Mahindra & Mahindra (M&M) is working on a China business plan for its tractor/farm machinery business, which will, in all likelihood, be a wholly-owned subsidiary. “If we have to succeed in China, we should be…
China a powerhouse of innovation: UBS
Two technicians inspect a high-speed train’s wheels at a maintenance shed in Nanjing, East China’s Jiangsu province. [Photo provided to China Daily] A research report released recently by UBS recognized the innovation development of China…
Beijing furious as US warship sails near South China Sea islands
A US Navy destroyer sailed near islands claimed by China in the South China Sea on Tuesday, three US officials told Reuters, prompting anger in Beijing, even as President Donald Trump’s administration seeks Chinese cooperation…
China Tower could list sooner to capitalise on rise in telecom operators’ share prices
China Mobile, which has the most number of towers on the mainland, contributed 116.4 billion yuan in assets for a 38 per cent share in China Tower. Unicom, China Telecom and the state asset-management firm…
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