SEOUL, Korea, Republic Of — China’s foreign minister arrived in North Korea’s capital on Wednesday and could meet with leader Kim Jong Un while trying to ensure a larger role for Beijing in the new…
Monthly Archives For May 2018
Xi Tightens His Grip, and China’s Tech Giants Feel the Squeeze
BEIJING — For the past decade or so, China has defied the truism that only free and open societies can innovate. Even as the Communist Party has kept an iron grip on politics and discourse,…
BEIJING | Peppa Pig wins street cred, attracts censors in China
BEIJING —A cherubic British cartoon character has become an unlikely target of China’s censors as fans use her porcine likeness in rap videos and “gangster” tattoos. The bright pink swine’s subversive alter-ego has made her…
China reiterates call to continue upholding Iran nuclear deal
Speaking at a daily news briefing, ministry spokeswoman Hua Chunying said China had noted reports about Israeli Prime Minister Benjamin Netanyahu unveiling what he called evidence of a secret Iranian nuclear weapons program as well…
China media say Taiwan has sour grapes as another ally goes
BEIJING (Reuters) – Taiwan has a case of sour grapes, Chinese state media said on Wednesday, after the self-ruled island accused China of using a $3-billion aid pledge to persuade the Dominican Republic to switch…
China’s HNA sells property developer unit in $456 mln deal
SHANGHAI, May 2 (Reuters) – China’s HNA Group is selling a real-estate focused unit for 2.9 billion yuan ($456.08 million), the firm said in a regulatory filing on Wednesday, amid a broader sell down by…
Does the People’s Bank of China have “what it takes” to join the big league of central banks?
Zhou Xiaochuan – China’s long-term central bank governor – finally stepped down from his position in the spring 2018, after more than 15 years at the helm of the People’s Bank of China (PBoC). During…
Small regional banks are weak links in China’s financial system
In the wake of the global financial crisis, China saw an explosion not only in the level of debt in the economy, but also in the development of complex and opaque shadow banking structures. The…
China Minsheng Banking : Minsheng Bank 1Q net profit up 5.2% to Rmb14.94bn
5.23% year-on-year to Rmb14,942 million. Basic and diluted earnings per share were Rmb0.41. Operating income amounted to Rmb36,748 million, an increase of 1.36% from a year earlier. Net interest income amounted to Rmb15,741 million, a…
Asia sees signs of export weakness before key U.S.-China trade talks
China, which denies allegations it coerces technology transfers … In Taiwan, another Asian hi-tech powerhouse, factory growth slowed to six-month lows. Business growth in the United States and Europe, while still strong, has slowed to…
Banks feel bite of low IPO approval rate
In the first quarter of 2018, the volume of A-share IPO applications approved by the CSRC declined dramatically, according to data compiled by China Banking News in April. From January to March, CSRC greenlighted 32…
One chilling story shows how far China will go to silence critics
Speaking at an event at the Lowy Institute attended by Business Insider, Ma said Chinese-language media in Australia faces unique pressures that other ethnic media don’t. She then described one incident which illustrated how China…
Payback time? The links between Beijing, the Dominican Republic and Tsai Ing-wen’s pro-independence appointments
Taiwanese President Tsai Ing-wen’s recent appointments to the island’s premiership and top officials on mainland affairs signal she could be prepared to stand firm against Beijing, analysts said. But the choices might have also unnerved…
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