A mad scramble by Chinese property developers to build up their land banks is taking its toll on the industry’s creditworthiness, with builders singled out as having the highest risk of default as channels of…
Monthly Archives For June 2018
China’s Xiaomi secures seven cornerstone investors for $6.1 billion Hong Kong IPO
HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to…
FS meets financial officials
Financial Secretary Paul Chan met senior financial officials in Beijing today. He first met Deputy Governor of the People’s Bank of China Pan Gongsheng. They discussed the maintenance of financial stability, the internationalisation of the…
China says U.S. swinging “big stick” of unfair trade tactics
China on Thursday accused the United States of using bullying … and blackmail by swinging the big stick of trade protectionism,” Gao told reporters at a news conference. “The U.S. is abusing the tariff methods…
China to reduce U.S. oil imports post-September amid trade spat: sources
“If the tariff is a long-term problem, the U.S. is going to struggle to find a market as big as China,” Joe Willis, senior research analyst at Wood Mackenzie said at a Thomson Reuters industry…
What types of energy does China finance with its development aid?
China has been steadily intensifying its economic and strategic relations with developing countries in recent years. Through deepening trade ties, large-scale infrastructure financing and its ambitious vision to create ‘seamless connectivity’ through … ( read…
China smartphone makers at crossroads as high-end handsets target Apple’s iPhone X
Chinese smartphone brands are challenging their budget image with premium models costing more than US$1,000, taking aim at a segment that is dominated by Apple’s iPhone X. Oppo, China’s second-largest smartphone brand, unveiled its Find…
Why you can’t talk about John Oliver in China
The British television host been censored on China’s biggest social media site, just days after he criticised Chinese President Xi Jinping on his popular US show Last Week Tonight. In the show’s latest episode, Mr…
Exclusive: Pope says China talks going well, dialogue worth the risk
and make new progress in the process of improving relations and advancing constructive bilateral dialogue,” Geng told a regular news briefing in Beijing on Thursday, without elaborating. The most outspoken critic of the pope’s China…
China Mobile eyes 5G as subscriber base crosses 900 million
China Mobile Communications Corp, China’s major telecom carrier, announced on Wednesday that its user base reached 901.92 million in May, increasing by 2.26 million from the previous month, jiemie reported. While the number of China…
China’s Xi can make life tough for U.S. companies, from Apple to Walmart
vice president of China operations for the U.S.-China Business Council in Beijing. One advantage of this tactic for Xi is that this time the numbers are on his side, as U.S. investment in China is…
Washington’s ‘capricious’ trade actions will hurt U.S. workers, China warns
BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s…
China Says US Swinging ‘Big Stick’ of Unfair Trade Tactics
China has accused the U.S. of using pressure tactics and blackmail … and blackmail by swinging the big stick of trade protectionism,” Gao told reporters at a news conference. “The U.S. is abusing the tariff…
