Three years ago cash was still king in China – until Alipay and WeChat Pay shook up the entire ecosystem. Today, their dominance in mobile payments for everything from taxi fares to peer-to-peer transfers have…
Monthly Archives For December 2017
China’s Growth Better Than Expected This Year, But Not Next Year
China’s year-ender will be a tad better than expected, according to the World Bank. They raised their 2017 GDP forecast to 6.8% from 6.7% on Tuesday, citing rising household incomes and improving external demand for…
China wants acceptance
Foreign business groups in China report that companies are increasingly frustrated with market barriers and other restrictions they say violate Beijing’s free-trade promises. The report is another abrupt turn in Trump’s stance toward Beijing, which…
Decoding Trump’s Plan to Rein In China
Some Western businesses complain that, to do business in China, they are required to form joint ventures with Chinese companies, or to otherwise share technology with Chinese partners who may someday become rivals. And the…
China Maintains Strong Growth and Reform Momentum, Says World Bank
BEIJING, December 19, 2017—Economic growth in China has remained strong in 2017, supported by rising household incomes and improving external demand. Growth is projected at 6.8 percent in 2017, exceeding initial expectations, according to the…
World Bank: China’s GDP growth rate to reach 6.8% this year
China has maintained strong economic growth, which is projected to reach 6.8 percent this year, supported by rising household incomes and improving external demand, the World Bank said in its latest economic update report released…
BRIEF-China Oceanwide International Financial Proposes Rights Issue
Dec 18 (Reuters) – China Oceanwide International Financial Ltd: * PROPOSES TO RAISE HK$18.25 BILLION BY WAY OF RIGHTS ISSUE OF 16.59 BILLION RIGHTS SHARES AT HK$1.10 PER RIGHTS SHARE * NET PROCEEDS FROM RIGHTS…
China’s Huawei to expand in U.S. smartphone market next year
Yu expressed confidence the smartphone business wouldn’t be affected by American government … Helped by a strong position in China, India and other developing markets, sales by its premium-priced Huawei and mid-market Honor smartphone brands…
BRIEF-People’s Insurance Group Of China Updates On Property And Casualty Units Premium Income
Dec 19 (Reuters) – People’s Insurance Group Of China Co Ltd : * 1 JAN TO 30 NOV PICC PROPERTY AND CASUALTY COMPANY LIMITED AGGREGATE PREMIUM INCOME RMB315.99 BILLION Source text for Eikon: Further company…
Vietnam Follows Beijing With South China Sea Upgrades of Its Own
While the work is vastly outweighed by what China is doing it suggests Hanoi wants to hold its ground over the contested waterway, even if it risks upsetting Beijing. In August, Philippine President Rodrigo Duterte…
Beijing Bids Goodbye to Robert Mugabe
As the line of Chinese-made armored vehicles rumbled into Harare last month, Zimbabwe’s 93-year-old dictator, Robert Mugabe, must have wondered what happened to the “all-weather friendship” Beijing always said they shared. For nearly four decades…
Russia, China react to Trump’s security strategy remarks
But the decision to label Beijing a rival in a national security strategy report reflects a “victory of hardliners” in Trump’s administration, China’s official news agency warned Tuesday. Trump’s stance “probably means Chinese-U.S. economic and…
China condemns US ‘Cold War mentality’ on national security
China has condemned the “Cold War mentality” of the White House … “Now less than one year later I am proud to report that the entire world has heard the news and has seen the…
