and the restructuring of human resources to hire more talents specialized in digital and information technologies,” said Chen at a news conference in Beijing. China Merchants Bank will expand its reach outside of just financial…
Monthly Archives For May 2018
China’s Mighty Piggy Bank Is Shrinking
China’s much-criticized trade surpluses are declining in a shift that’ll see less of its excess savings recycled into global capital markets. For emerging markets already struggling to cope with rising U.S. interest rates, that prospect…
China hints at retaliation as U.S. says $50B in tariffs are back on
China’s government accused the Trump administration of hurting … “I wouldn’t say we are in favour of, specifically, export controls, investment restrictions,” Zarit said at a news conference. But he said American companies want equal…
China cuts import duties on some consumer goods
BEIJING — China is reducing import duties on washing machines, cosmetics and some other consumer goods amid U.S. pressure to narrow its multibillion-dollar trade surplus. The Cabinet announcement Wednesday was the third tariff cut in…
Why China is making brands nervous to acknowledge Taiwan
The world’s largest companies are starting to feel China breathing down their necks, as the economic superpower has started extracting apologies from major brands that do not refer to Taiwan as Chinese territory. The democratically…
How Will Ant Financial, China’s Fintech Giant, Be Impacted By New Regulations?
Ant Financial, which began as an online payment branch of Jack Ma’s internet marketplace behemoth Alibaba, is now an affiliate company that operates the largest online payments platform in the world. Ant Financial also has…
African finance leaders to debate using China’s yuan as a reserve currency
Central bankers and officials from 14 African nations will discuss the viability of using China’s yuan as a reserve currency for the region, Xinhua reported on Tuesday. Seventeen top central bankers and officials from the…
China vows to fight Washington on tariff hike
China’s main market index fell 2.5 per cent and Japan’s benchmark … “I wouldn’t say we are in favour of, specifically, export controls, investment restrictions,” Zarit said at a news conference. But he said American…
China vows to protect its interests from ‘reckless’ U.S. trade threats
“We urge the United States to keep its promise, and meet China halfway in the spirit of the joint statement,” Chinese Foreign Ministry spokeswoman Hua Chunying told a daily news briefing, adding that China would…
NXP shares fall as China’s warning revives concerns over Qualcomm deal
(Reuters) – Shares of NXP Semiconductors NV (NXPI.O) fell 5 percent on Wednesday after China’s latest warning against U.S. trade threats dulled hopes of an early approval by Beijing for Qualcomm’s (QCOM.O) $44 billion acquisition…
Why was a senior government official talking with Bill Boyd before his infamous business trip to China?
Todd MacKay with the Canadian Taxpayers Federation, who obtained the phone records through access to information, said after CBC broke the news of Boyd’s trip to China, “the government was very quick and emphatic to…
China leaned on Hong Kong not to hand fugitive to U.S., State Department says
HONG KONG (Reuters) – The U.S. State Department said Hong Kong’s leader, Carrie Lam, rejected a request last year to surrender a fugitive into the custody of the United States, at China’s behest. In an…
China and Russia could be looking for a back door to Western intelligence through the ‘soft underbelly’ of New Zealand
An aggressive strategy has sought to influence political decision-making, pursue unfair advantages in trade and business, suppress criticism of China, facilitate espionage opportunities, and influence overseas Chinese communities.” The report is based on … (…
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