China’s technology industry has been catching up with the United States far faster than expected, with e-commerce and mobile payments already overtaking America, The Economist reported. For example, China’s venture capital funding was less than…
Monthly Archives For February 2018
Beijing cracks down on financial giant Anbang to protect rights and interests of consumers
Beijing has cracked down on insurance and financial giant Anbang, taking control of the conglomerate and prosecuting the firm’s head. Wu Xiaohui, who was already detained by authorities last June, is to face prosecution for…
Who’s Likely to Field Strong Figure Skating Team in Beijing?
GANGNEUNG, South Korea — Four years can be an eternity in figure skating. Injuries, ennui, growth spurts, coaching changes, even rules alterations play a role in getting from one Olympics to another. So who is…
China’s Communist Party to meet ahead of government reshuffle
BEIJING (Reuters) – China’s ruling Communist Party will hold a three-day meeting of its top officials starting on Monday, state news agency Xinhua said on Saturday, which will likely discuss and decide on key personnel…
China’s January property prices rise 5 percent year-on-year: statistics bureau
BEIJING (Reuters) – China’s new home prices in January grew 5 percent from a year earlier, data from the statistics bureau showed on Saturday, even as the government continued its efforts to rein in speculative…
China’s property price growth slowed ‘slightly’ in Jan – stats bureau
BEIJING, Feb 24 (Reuters) – Property price growth in China was “stable while slightly lower” in January, the nation’s statistics bureau said in a statement on Saturday, as data showed prices in eleven major cities…
UPDATE 1-China’s Jan property prices rise 5 pct y/y – stats bureau
* Jan new home prices +0.3 pct m/m – Reuters calculations * Beijing’s prices +0.2 pct m/m, Shanghai and Guangzhou -0.4 pct (Recasts, adds national data and background) BEIJING, Feb 24 (Reuters) – China’s new…
Anbang seizure shows China’s resolve for financial stability
BEIJING/SHANGHAI — China’s de-facto takeover of Anbang Insurance Group shows the government will take any steps necessary to stave off shocks to the financial system, suggesting even tougher times await financial conglomerates with massive overseas…
Beijing takes over Anbang Insurance Group, including its billions in B.C. property
The Chinese government’s dramatic takeover of Anbang Insurance Group, citing concerns about the Beijing-based company’s ability to pay its debts and the fraudulent conduct of its former chairman, puts into question the future of the…
Beijing tops list for improved air quality
Beijing has emerged as the best city in its region for air quality improvements over the past four months – a time when the capital usually suffers its worst air pollution – according to the…
Pakistan back on terror financing watchlist as China stays silent
NEW DELHI: China stayed neutral as Pakistan was put back on an international terrorism financing “grey list”, three years after it was removed from that list. As the plenary meeting of the Financial Action Task…
China securities regulator proposes to delay IPO reform
SHANGHAI, Feb 23 (Reuters) – China’s top securities regulator Liu Shiyu has proposed to delay a deadline for the government to authorise a registration-based initial public offering mechanism until Feb. 29, 2020, the official Xinhua…
China’s new anti-graft superministry adds to concerns about suspects’ rights
Though China’s criminal justice system has long been criticized … The National Peoples Congress declined to comment on the issue. A parliament news department official said they would answer reporters’ questions during next month’s parliament…
