China has taken a historic step in its bid to build a navy that rivals the world’s finest by sending the country’s first domestically built aircraft out for sea trials. The vessel has the temporary…
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Asian stocks up on hopes of thaw in U.S.-China trade tensions
SYDNEY (Reuters) – Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions, after U.S. President Donald Trump pledged to help ZTE Corp “get back into business,…
Why history drives China’s tough stance on global trade
Also fuelling this is the traditional Chinese belief that the shrewdest business person deserves the best deal or outcome. People who have visited China would have experienced a microcosm of this mentality while shopping. At…
Why China’s mobile payments revolution matters for U.S. bankers
When Darren Buckley moved to China last August to be the head of Citigroup’s consumer bank there, he did what most people do when they arrive in a new country: head for an ATM to…
Signpost Outside China Mobile Store Reveals Xiaomi Mi 7 Pre-order Begins May 27
It appears the rumor about the Xiaomi Mi 7 arriving at the end of the month is true. A new info has confirmed the next flagship may arrive in less than two weeks. A photo…
More young Chinese consumers prefer domestic brands
Young Chinese consumers are becoming fans of domestic brands and turning their back on foreign products. According to a survey done by leading financial services company Credit Suisse this March, China is seeing the emergence…
In concession, Trump will help China’s ZTE ‘get back into business’
WASHINGTON (Reuters) – U.S. President Donald Trump pledged on Sunday to help Chinese technology company ZTE Corp “get back into business, fast” after a U.S. ban crippled the company, offering a job-saving concession to Beijing…
Trump pledges to help Chinese phone maker ZTE ‘get back into business’
“President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast,” Trump tweeted. “Too many jobs in China lost. Commerce Department has…
Nigeria-China Trade: Having Banking Representative Offices in Beijing
1. First Bank of Nigeria Plc opened a representative office in Beijing, China – June 2010. 2. Ecobank Transnational Incorporated opened a representative office in Beijing, China – December 2012 3. Access Bank Plc opened…
Dandong property market surges on North Korea news
… is “watching” property prices in Dandong after introducing draconian measures to try and avoid property price bubbles in some of China’s largest cities and towns. In reality it would be very difficult for the…
China’s financial opening up attracts global investors
BEIJING – China’s latest opening-up measures in the financial sector have attracted more global investors to China’s high-quality growth. Last week, Japan’s largest securities trader Nomura became the first foreign player planning to set up…
China April new loans rise but shadow lending shrinks
China’s banks extended a record 13.53 trillion yuan in new loans last year, 7 percent more than the previous record in 2016, as authorities sought to support domestic activity even as they clamped down on…
China’s Didi apologizes after killing of passenger sparks safety fears
BEIJING/SHANGHAI (Reuters) – China’s biggest ride-sharing company apologized on Thursday over the killing of a passenger, apparently by her driver, and said it had to win back the trust of users after a “tragedy” that…
