BEIJING (Reuters) – China’s economy is still facing relatively large downward risks that may become apparent by early 2018, a senior official of the banking regulator said on Wednesday. Yu Xuejun, head of the China…
Monthly Archives For November 2017
China Development Bank Files Insolvency Suit Against RCom
China Development Bank, which lent close to $1.78 billion to Reliance Communications (RCom), has filed an insolvency suit at the National Company Law Tribunal’s (NCLT’s) Mumbai bench after it defaulted on loans. Indian lenders would…
China Development Bank Drags Indian Telco to Bankruptcy Court
With the filing of the insolvency notice, all of the hopes beleaguered Reliance Communications had for an out-of-court settlement have been dashed. No potential buyer has approached the Indian Telco, which owes the China Development…
Chinese State Bank Adds Pressure to Debt-Laden Indian Wireless Carrier
The debt woes of one of India’s leading wireless carriers Reliance Communications Ltd. have deepened this week thanks to an unlikely new source of pressure—a leading state-owned Chinese bank. It emerged late Monday that China…
Chinese business leaders call for more support for PNP businesses
“When we get an application from an entrepreneur, we have a business plan that’s completed … “For example, some of Chinese PNP, they just sell the gifts from China … If you go to Paris…
Time for Canada-China trade talks as Trudeau trip nears, say Poloz and Nault
When asked about China, Poloz told reporters Tuesday that trade agreements offer much needed certainty to business. “Any agreement which opens up more opportunities for Canadian companies is a good thing,” Poloz said. “That also…
Why companies are turning away from offices in Shanghai’s main business areas
In a survey of 196 companies and institutions carried out by property services firm JLL, 23 per cent of respondents expressed a “strong interest” in relocating to decentralised business areas. Shanghai is set to overtake…
State Media: China May Apply South China Sea Energy Technology to ‘Military Nuclear Vessels’
China’s state-run Global Times announced on Tuesday that experts see potential for the illegally-constructed floating nuclear power plants in the South China Sea to provide technology that “could be applied to military nuclear vessels.” The…
10 Startups Were Chosen for the New Israel – China Accelerator in Beijing
It will also assist with logistic issues. The program will consist of training designed to introduce to participant companies the skills which are necessary to start a business in China, like introduction of the Chinese…
Backlash as Beijing fire safety blitz forces exodus of city’s underclass
A migrant worker rides a tricycle filled with luggage as she was forced to move out of her apartment before midnight at a village outside the sixth ring road in Tongzhou district of Beijing Thomson…
China Mobile invests $300m in IoT push
The world’s largest telco by subscriber numbers, China Mobile, is set to subsidize IoT equipment manufacturers. Telecoms operator China Mobile is to plough £300 million into subsidizing IoT makers as part of a push to…
Forget cash, face scanning is the new wallet in China
Chinese banks dealt with 8.6 billion payments from mobile services in Q2, up 40.5 percent from a year ago, the People’s Bank of China said. The combined value of mobile payments jumped 33.8 percent to…
China’s race for artificial-intelligence technology may give its military an edge over the US
Alibaba employees watch an artificial intelligence robot named ET writing Spring Festival couplets at Alibaba’s Xixi District in Hangzhou, Zhejiang province, China, January 16, 2017. Getty Images WASHINGTON (Reuters) – A research arm of the…
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