Wang Jianmei never thought she would own a smartphone: the 68-year-old retiree always believed they were just for the young. But one day, she noticed a group of her elderly neighbors in her village in…
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Can the ‘Made in China’ label make a comeback?
China already has its foot in the door by acquiring several local French labels. With Western brands now under the Asian umbrella, companies turn their attention to creating brands with a Chinese busi… ( read…
Yuan hits four-week high as China signals support, revives X-factor for fixing
SHANGHAI (Reuters) – China’s yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a “counter-cyclical factor” in its daily fixing to support the curr… ( read…
Offshore yuan touches 1-month high after central bank makes tweak to daily pricing
Offshore yuan, traded outside the mainland, weakened Monday, giving up early morning gains when the currency jumped to its highest level in almost a month following an adjustment by the central bank i… ( read…
China cabinet to curb risks in online finance, share-backed loans
BEIJING (Reuters) – China will continue to resolve financial risks in online lending and the use of shares as collateral for financing activities to protect market stability, the state council said on … ( read…
Chinese bitcoin mining rig makers aim to raise billions in HK IPOs: sources
People close to the IPOs said regulatory scrutiny and a patchy performance … tools and the forthcoming build-out of 5G telecoms networks both within and outside China. “The mainland government encou… ( read original story…
China clamping down on transport sector after Didi passenger’s murder
BEIJING (Reuters) – China pledged to tighten oversight of its transportation sector, days after a Didi Chuxing passenger was raped and murdered by her driver, sparking social media outrage and forcing … ( read original…
Yuan at two-and-a-half week high as China signals support, revives fix factor
SHANGHAI (Reuters) – The yuan hovered at a 2-1/2-week high against the U.S. dollar on Monday after China’s central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, … ( read…
China’s Yuan Steady After Central Bank Signals its Support
China’s yuan was stable in early onshore trading following Friday’s surge, as the central bank signaled that it’s taking action to support the currency through its daily fixing. Starting this month, b… ( read original…
Ant and UN body partner for African financial inclusion
A mascot of Ant Financial is seen at its office in Hangzhou, East China’s Zhejiang province, Sept 21, 2016. [Photo/Agencies] ADDIS ABABA – The United Nations Economic Commission for Africa has forged … ( read…
China says will fend off internet finance risks
BEIJING (Reuters) – China’s state council committee said on Monday it would fend off financial risks in areas including online finance and listed firms’ stock collateral loans. In a post following a m… ( read…
China says cracking down on transport sector after Didi murder
BEIJING (Reuters) – China will crack down on dishonest and illegal conduct in the transportation sector, a government agency said on Monday, two days after police said a Didi Chuxing passenger was rap… ( read…
China advised to create drug brands
China should invest more in researching and developing new drugs, as well as intellectual property protection, even though generic versions of existing brand-name drugs can bring short-term benefits, … ( read original story …)
