A clerk counts cash at a bank outlet in Hai’an county, East China’s Jiangsu province. [Photo/China Daily] BEIJING- China’s central bank drained 70 billion yuan ($11 billion) from the financial system through open market operations…
Monthly Archives For June 2018
China looks to bolster militancy fight at security summit
some of which are SCO members or observers,” China’s official Xinhua news agency said this week. Member countries have destroyed more than 500 training bases for armed militants and arrested some 2,000 members of “international…
World Bank hails ‘solid’ China outlook
The World Bank on Tuesday raised its forecast for China’s year-on-year GDP growth this year to 6.5 percent from its earlier prediction of 6.4 percent, citing the country’s “solid” economic growth so far this year.…
China says it does not want U.S. trade frictions to escalate
Gao told a weekly news briefing that the talks had made specific progress, and reiterated China’s willingness to import more from the United States, but he did not offer details. “There were discussions regarding specific…
Air Canada denies link between Air China joint venture and new label for Taiwan
China is an integral part of our global network,” Rovinescu stated in a news release. Air China said its service to Canada has developed quickly and increased by nearly 18 per cent in 2017. Over…
China’s regional banks poised for $14bn IPO fundraising
But analysts see tepid demand for the new shares. Investors typically view bank shares as a bet on the macroeconomy, and that of China is showing signs of a slowdown. After a strong start to…
China shopping mall sets up lane for pedestrians glued to their mobile phones
A shopping centre in northwest China has built a special lane for pedestrians to walk on while gazing at their mobile phones, according to a newspaper report. The lane has been set up in a…
China Is Paving The Way For Mobile Payments
In the long-running tussle between cash payments and digital payments, a decisive victor is becoming clear. Go up to any register in 2018, and the store clerk will expect the payment to be made digitally,…
Air Canada and Air China sign long-awaited joint venture deal
After years of discussions, Air Canada has finalized a long-anticipated joint venture agreement with Air China, a move that will increase flight cooperation between the two airlines. The joint venture, which was announced and signed…
China’s biggest Canadian star gets honorary degree from U of A
He is practically unknown in his own country but his fame an entertainer in China brought him to the University of Alberta on Wednesday to receive an honorary degree. Mark Rowswell, dubbed the most famous…
China slams US after B-52 bomber flyby in South China Sea, calls move ‘risky’
The initial move to place the weapons on the island, first reported by Fox News, angered U.S. officials who immediately disinvited China from the Rim of the Pacific Exercises. A possible U.S. warship passage could…
Ant Financial is shifting its focus from finance to tech services: Sources
… Financial Services is shifting its main focus to technology services and away from payments and consumer finance. The move comes as Beijing’s crackdown on financial risk is deepening. The company, which is controlled by…
China and Argentina reinforce financial links with increased currency swap arrangement
In July 2014, the People’s Bank of China and the Central Bank of Argentina agreed a currency swap deal worth 70 billion Yuan (US$ 11.3 billion). Argentina is looking to expand an existing currency swap…
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