U.S. President Donald Trump attends a news conference at the Presidential Palace in Hanoi, Vietnam Sunday, Nov. 12, 2017. (Kham/Pool Photo via AP) Philippine President Rodrigo Duterte said Xi assured him of China’s peaceful intentions…
Monthly Archives For November 2017
Trump touts his dealmaking skills as solution to South China Sea dispute
“I know you’ve had a dispute for quite a while with China, if I can help in any way, I’m a very good mediator and a very good arbitrator.” “I’ve done plenty of it from…
Trump offers to mediate on South China Sea
HANOI (Reuters) – U.S. President Donald Trump said on Sunday he was prepared to mediate between claimants to the South China Sea, where five countries contest China’s sweeping claims to the busy waterway. Trump was…
Chinese Banks Enjoy Few Bad Loans But Central Bank Warns Of Risks
governor of the People’s Bank of China, has been issuing increasingly stark warnings over China’s financial stability that are difficult to ignore. How does one reconcile these phenomena—how can banks flourish while cracks in the…
China raises cap on foreign investments in its mammoth financial sector
A Chinese national flag is seen among buildings at the Yujiapu financial centre, in Tianjin, China February 22, 2016 , Reuters/Jason Lee BEIJING — China will raise foreign ownership limits in financial firms in a…
Beijing has a new ship that can build artificial islands. That’s worrying some neighbors
Beijing has a new ship capable of creating artificial islands — potentially the largest of its kind in Asia — raising fears it could be deployed in the tension-laden South China Sea The world’s second-largest…
China opens up capital markets to drive reforms
Foreign firms get a chance to have bigger slice of financial service market as Beijing aims to be global banking hub BEIJING • Foreigners … Mr Xi is driving economic reforms by opening up China’s…
Foreign banks praise new rules that remove China ownership handicap
While Morgan Stanley initially had operational control of CICC, the first Sino-foreign brokerage joint venture between Morgan Stanley and China Construction Bank, and UBS and Goldman Sachs managed to gain operational control of their respective…
China shopping festival smashes record with $25 billion haul
Once a celebration for China’s lonely hearts, Singles’ Day has become an annual 24-hour buying frenzy that exceeds the combined sales for Black Friday and Cyber Monday in the United States, and acts as a…
What the world’s largest shopping day says about China
I still remember growing up in communist China in the 1970s, when my mother and neighbours would use their ration tickets to buy meat at a state-run store. Very little thought went into shopping because…
Shares of China Mobile (CHL) Upgraded to Buy From a Hold
China Mobile Ltd (NYSE:CHL) is one of the 66 companies in the GICS Telecommunication Services sector, and a member of the 21 company Wireless Telecommunication Services GICS industry group within this sector. CHL has a…
Beijing on brink of economic collapse, warns Chinese bank chief
Beijing [China], November 11 (ANI): Zhou Xiaochuan, the governor of China’s central bank – the People’s Bank of China (PBOC), has warned that China’s financial system is becoming more vulnerable due to high levels of…
North Korean man begs China not to deport wife and young son
China’s foreign ministry spokeswoman Hua Chunying said in a news briefing that she was unaware of details of the case. She said China consistently upholds the handling of such matters in accordance with domestic and…