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Monthly Archives For February 2018
China denies racism, says hyping up TV blackface skit ‘futile’
The week-long Lunar New Year holiday ended on Wednesday. Speaking at a daily news briefing, Chinese Foreign Ministry spokesman Geng Shuang said China had consistently opposed any form of racism, adding that he had also…
China probes report of possible North Korea sanctions breach at sea
Chinese Foreign Ministry spokesman Geng Shuang said China was paying great attention to Japanese report. “We are investigating,” he told a daily news briefing. China fully and strictly enforces U.N. resolutions and shoulders its international…
China challenge ‘more subtle and sophisticated’ than the threat of war
China has a saying, inspired by the famed strategist Sun Tzu, that the best outcome of any standoff is “winning without fighting”. Experts say while Malcolm Turnbull is right that China does not pose a…
China Mobile conducts 400G optical transmission trials
China Mobile’s Research Institute, in partnership with ZTE, has successfully completed tests for single-carrier 400G optical transport networking (OTN). The operator says that it is the first single-carrier 400G optical transmission network in China and…
China Unicom (Hong Kong) Limited (CHU) Receives Consensus Rating of “Hold” from Analysts
Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with…
Google steps up global fight for digital wallet as China dominates mobile payments
To get a sense of how pervasive mobile payments have become in China, consider that on the eve of this year’s Spring Festival, 668 million people on Tencent Holding’s WeChat app sent virtual hongbao –…
China: Mobile payment transactions reach USD 12.8 trln in ten months
Mobile payment transactions in China have reached USD 12.8 trillion from January to October 2017, driven by the convenient cashless systems. According to the latest official figures from the Ministry of Industry and Information Technology,…
Russia’s central bank gold hoard is now bigger than China’s
Russia has overtaken China as the fifth-biggest sovereign holder of gold, allowing it to diversify its foreign currency holdings amid a deepening rift with the U.S. The Bank of Russia in January increased its holdings…
Recent Surge In Chinese Bank Credit Reflects Necessary Crackdown On Shadow Banking
In addition, large-scale, sustainable growth does not appear to be on the horizon as China continues to struggle with high levels of debt and insufficient reform. Shadow banking has retrenched somewhat due to increased regulatory…
China is pumping cash into Pakistan, but that might not convince other foreign investors
“The people of Pakistan believe that China came to Pakistan’s help when no-one was willing to invest in Pakistan due to security considerations, or due to the negative ratings on Pakistan,” he told Chinese state-run…
China tries to bring order to sprawling online finance sector
SHANGHAI — China’s 1.2 trillion yuan ($189 billion) internet finance industry has reached a turning point as regulators tighten regulations after one too many cases of bankruptcy and fraud. Some analysts are predicting a shakeout…
Australian Prime Minister Turnbull is heading to the US to talk business, China, and North Korea with Trump
Prime Minister Malcolm Turnbull heads to the United States on Wednesday, accompanied by the largest Australian political and business delegation ever to visit the US. Turnbull, a wealthy 63-year-old former Goldman Sachs partner, sees himself…
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