But they say concentrating more power in Xi’s hands could hamper business and chill investment by making China’s economy more unpredictable and less able to respond to challenges. Market-oriented reform requires “regulatory institutions that are…
Monthly Archives For February 2018
Rights group: China using personal data as repression tool
BEIJING — Human Rights Watch says it has found new evidence that authorities in one of China’s most repressive regions are sweeping up citizens’ personal information in a stark example of how big-data technology can…
Beijing spends big as it prepares for 2022 Olympics
Chongli (China) (AFP) – Villages are being razed in northern China. Mountains are being cut to size. And new stadiums, high-speed train lines, expressways and three separate Olympic villages are coming to life. With the…
Beijing subway passengers in foul-mouthed row over foreigner smoking on train
A foreign man who got into a foul-mouthed slanging match with fellow passengers on a Beijing subway train after refusing to put out his cigarette is likely to face a police investigation, according to local…
Beijing City Authorities Declare Yellow Air Quality Alert Over Smog
BEIJING (Sputnik) – Beijing city authorities have declared the yellow alert level over the sharp deterioration of air quality in the Chinese capital, with smog blanketing the city for two days, Beijing Municipal Bureau of…
Beijing dangles carrots to woo foreign talent to its Silicon Valley
BEIJING (REUTERS) – Beijing, a major hub for artificial intelligence (AI) and semiconductors in China, is touting a new list of incentives to try and woo foreign talent for its equivalent of Silicon Valley in…
How do you top a record medal haul? Team Canada sets sights on Beijing 2022
PYEONGCHANG — Whatever the final medal count for Canada, these Winter Olympics have unfolded the way most do, with surprised winners and heartbroken favourites among the 225 proud, flag-waving representatives of the country. There were…
North Korea is so short on money it’s selling its much-needed electricity to China
China is buying electricity from North Korea and will reportedly pay between $60,000 and $100,000 a month. North Korea has persistent power shortages and much of the country plunges into darkness at nighttime. Selling its…
China stocks retreat as property, resource firms drag; Hong Kong inches up
SHANGHAI, Feb 27 (Reuters) – China’s major stock indexes fell on Tuesday morning, led lower by real estate and resource firms, as investors booked profits after a six-session winning streak. Market participants continued to weigh…
Deadline for IPO reforms extended by two years
[Photo/VCG] China’s top legislature has extended the deadline for the government to launch registration-based initial public offerings for another two years, a move reflecting a gradual and cautious approach of the country’s IPO reform, analysts…
Chinese takeover of Waldorf Astoria owner Anbang shows new strategy
Rather than following traditional regulatory methods of nationalizing Anbang or forcing its sale to another financial firm, Hirson pointed out that Beijing chose to have a committee of regulators run Anbang for at least a…
Systemic approach urged to prevent financial risks
China should adopt a systemic approach to prevent financial risks amid a lack of coordination among different regulatory agencies, a central bank advisor said. “We have rolled out many measures and guidelines to tackle financial…
Baidu’s IQiyi: More About China’s Netflix That’s About To IPO
Baidu recently disclosed that it will IPO iQiyi in the United States. iQiyi, who many call China’s Netflix, is a leading player in Chinese streaming video, along with Tencent Video. Baidu owns around 80.5% of…