BEIJING: Chinese Premier Li Keqiang on Monday unveiled his new Cabinet as part of the government’s efforts to stabilise the world’s second largest economy and appointed a missile expert as the defence minister amidst regional…
Monthly Archives For March 2018
Premium brands bank of Chinese market to boost flagging global demand
[Photo provided to China Daily] International premium automakers are banking on Chinese customers to boost flagging sales, devoting their latest sports utility vehicle offerings to the world’s largest car market. As a result, international manufacturers…
China appoints U.S.-trained central banker
“China is facing new challenges and the room for growth is smaller … Before joining the People’s Bank in 1997, Yi also taught at Indiana University. He also has a degree in business administration from…
Yi Gang named head of People’s Bank of China
His appointment is being seen as an attempt to ensure continuity at the bank as Beijing continues to try and rein in growing debt and limit risky financial practices. He will take over a central…
China opts for policy continuity in new central bank chief
BEIJING (Reuters) – The appointment of central bank insider Yi Gang as the new People’s Bank of China governor signals continuity in policymaking, even as Yi is expected to have less room than his predecessor…
Beijing has the most young early birds
More than 60 percent of people born in 1990s do not get enough sleep, with those living in Beijing among those waking up earliest, a survey shows. Chinese Medical Doctor Association’s sleep medicine specialized committee…
China elects new economic team as President Xi kicks off second term
With Yi’s background and his reputation of being pro-reform, his nomination would be good news for foreign investors, Xie also said. Zhou, 70, who is China’s longest-running central bank head, having taken the job in…
China forms new economic team as President Xi kicks off second term
With Yi’s background and his reputation of being pro-reform, his nomination would be good news for foreign investors, Xie said. Zhou, 70, who is China’s longest-running central bank head, having taken the job in 2002,…
Relationship goals: Ford tries to rebuild trust with China partners
In an effort to improve relations and reverse a recent sales slump, Ford is preparing for a new product blitz and a campaign to localize management in China, according to Peter Fleet, head of Ford’s…
China names former missile force commander defense minister
BEIJING – China has appointed a former missile force commander as its new defense minister. Lt. Gen. Wei Fenghe’s naming as the international face of China’s rapid military modernization was among a series of appointments…
For China corn farmers, prices trump policy ahead of planting
BEIJING (Reuters) – China’s farmers are expected to plant more corn this year, eyeing higher prices and profits despite a push to reduce acreage devoted to the cereal under the government’s latest five-year plan. Corn…
China to increase property market regulation to fend off illegal conduct
BEIJING (Reuters) – China will step up property market regulation and fight off illegal conduct by property firms and intermediaries, housing minister Wang Menghui said on Monday on the sidelines of the annual parliament meeting.…
Yi Gang to head up China’s central bank
Getty Images Yi Gang at the 12th NPC March 2017 Beijing-born Yi Gang has been deputy governor of China’s central bank since 2008 1 US-educated economist Yi Gang has been named the next governor of…