“We discussed an increase in economic cooperation including trade,” said President Widodo, speaking at the news conference. “As a country with a 1.37 billion population, China is a big market for Indonesia. I stressed about…
Monthly Archives For May 2018
China is about to give global finance the chance of a lifetime
“A more open and competitive financial sector should deliver more growth bang for each unit of credit buck,” says Bloomberg Economics Chief Asia Economist Tom Orlik. China’s $42 trillion financial sector is set to open…
Cloud Technology in China: What Businesses Need to Know
China’s cloud technology industry is expected to grow to US$103 billion by 2020 as companies continue to digitize their business data and internal systems. The growing demand for cloud technology has led to both domestic…
China Steps Up Crackdown, Imposes More Fines on Financial Firms
The China Banking and Insurance Regulatory Commission imposed the latest penalties on China Merchants Bank Co., Industrial Bank Co. and Shanghai Pudong Development Co. for more than a dozen violations at each entity, the regulator…
China’s trade imbalance with U.S. a long-term problem, says central bank governor: Caixin
BEIJING (Reuters) – China’s “huge” trade imbalance with the United States is a structural and long-term problem and should be viewed with rationality, the Chinese central bank governor was quoted as saying by financial magazine…
China is letting in foreign firms, but will the financial market really be open?
China’s financial regulators are fast-tracking approvals for foreign firms to access some parts of the market, as Beijing tries to reposition itself as an “open” advocate of “free trade” amid an escalating row with the…
‘Orwellian Nonsense’? China Says That’s the Price of Doing Business
BEIJING — Tensions between Washington and Beijing have spilled into a new and unexpected battleground: the pull-down menus on airline websites, where customers click on departures and destinations. After the White House on Saturday accused…
At World Bank, China Moves to the Grown-Up Table
The World Bank will scale back loans to China. No matter, China wins anyway. That’s because China will boost its shareholding in the Washington-based lender, under a capital increase approved by bank members late last…
US firms, debt could be China’s targets if US plays hardball
But Beijing has other ways to inflict pain. Chief among those is harassing American companies that make autos, operate restaurant chains, sell computer software and do other business in China’s heavily regulated economy. Other possible…
BEIJING | US firms, debt could be China’s targets if US plays hardball
BEIJING (AP) — In a looming trade war between the world’s two largest economies, American companies in China may have a bull’s-eye on their backs. The Trump administration is pushing China to cut its trade…
China fines banks over wealth management transgressions
BEIJING, May 6 (Xinhua) — The China Banking and Insurance Regulatory Commission (CBIRC) recently fined three commercial banks for improper practices in wealth management. China Merchants Bank, one of the country’s biggest, was fined more…
U.S. condemns China for ‘Orwellian nonsense’ over airline websites
WASHINGTON (Reuters) – The White House on Saturday sharply criticized China’s efforts to force foreign airlines to change how they refer to Taiwan, Hong Kong and Macau, labeling China’s latest effort to police language describing…
China Mobile LTD (Adr) (CHL) Shareholder Cullen Capital Management Boosted …
Tdam Usa Inc increased its stake in United Technologies Corp (UTX) by 17.05% based on its latest 2017Q4 regulatory filing with the SEC. Tdam Usa Inc bought 16,361 shares as the company’s stock declined 1.53%…
