Trump will decide on other potential trade sanctions against China in the coming months based on the results of U.S. investigations into steel, aluminum and intellectual property infringement. China has taken measures against specific products…
Monthly Archives For February 2018
China stocks reverse losses, end higher as banks jump
The largest percentage gainers in the main Shanghai Composite index were Kailuan Energy Chemical Co Ltd. SHANGHAI: China stocks recouped early losses sparked by a slide on Wall Street and ended higher on Monday, underpinned…
Bank works overtime to save most of elderly couple’s US$4,750 life savings after house fire
An elderly couple from rural China who thought they had lost their life savings in a fire at their home managed to recoup three quarters of their nest egg after bank workers spent eight hours…
Quick Take: Chinese Bank Brands Outperform Global Peers
The brand value of China’s top banks increased by 22% in 2017, more than double the average growth experienced by the world’s top 500 banks. The value of the 45 Chinese bank brands on the…
Reserve Bank fines China Construction Bank for failing to follow procedures
The central bank says the fine was due to weaknesses in the Chinese bank’s control measures rather than transactions involving money laundering or the financing of terrorism It is impossible to extract ore from the…
China stocks defy global downtrend, Hong Kong cuts losses on strong inflows
Buying has been concentrated in Hong Kong-listed Chinese lenders, such as CITIC Bank and China Everbright Bank Co. Ma Xixun, executive director at asset manger PinPoint, said he expects the Hong Kong market to remain…
UBS raises China 2018 GDP growth forecast
BEIJING – Swiss bank UBS has upgraded its forecast on China’s 2018 gross domestic product (GDP) growth, citing stronger momentum of the global economy and growth in China’s exports. The bank revised up its China…
China looks to stamp out cryptocurrency trading
China plans to stamp out all remaining cryptocurrency trading in the country by blocking access to overseas-based websites and removing related applications from app stores. The moves were outlined in a report Sunday by Financial…
China advises its tourists to avoid Maldives till politics stabilise
“China suggests that Chinese citizens who are preparing to go … according to the official Xinhua news agency. Mohamed Anil, attorney general of the Maldives, said on Sunday that the government had received information that…
China slams “wild guesses” in US nuclear review
Beijing (AFP) – China said Sunday it is “firmly opposed” to the United States’ new nuclear weapons policy statement, describing its speculation about Chinese intentions as “wild guesses”. The US Defense Department’s Nuclear Posture Review…
China seeks to rejuvenate countryside with 2018 rural policy
State news agency Xinhua earlier published the new policy statement outlining the plan by China’s State Council and the Central Committee of the Communist Party late on Sunday. The plan’s objectives and tasks will be…
Nokia and China Unicom deploy AirGile cloud-native core network to enable new VoLTE and VoWiFi services in China
New network to be deployed in seven provinces, enabling agile delivery of VoLTE and VoWiFi, and ‘one-number, multi-device’ services Nokia cloud-native core ensures interoperability with other vendors’ equipment to enable ease of future network evolution…
China Unicom deploys core network based on Nokia AirGile technology
China Unicom will deploy a cloud-native core network based on Nokia AirGile technology in seven Chinese provinces. The core network will provide new agility to deliver high-quality voice services, and lay the foundations for 5G.…
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