But he expressed hope governments taking part in the initiative will co-ordinate policy in finance, law enforcement, technology and education — areas where China’s status as the biggest Asian economy would allow Beijing to dominate.…
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China Looks Overseas for Designers to Build Brands
Local designers have talent but don’t yet have much experience When evaporating profit margins prompted China’s Zhejiang Willing Foreign Trading Co. to launch its own brand for yoga wear last year, it spurned homegrown talent…
Investigation for Investors in Shares of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) Announced
San Diego, CA — (SBWIRE) — 05/15/2017 — China Unicom is under investigation over potential securities laws violations. The investigation was announced on behalf of investors in NYSE:CHU shares in connection certain financial statements made…
China hit by cyber virus, Europe warns of more attacks
For graphic on cyber attack click: tmsnrt.rs/2qIXzb8 Brian Lord, managing director of cyber and technology at cyber security firm PGI, said victims had told him “the customer service provided by the criminals is second to…
China central bank's net FX sales fall to nearly two-year low in April
BEIJING Net foreign exchange sales by China’s central bank fell to the lowest in nearly two years in April as capital outflows eased in the face of strict regulatory curbs and a pause in the…
China's central bank sets up fintech committee
BEIJING China’s central bank has set up a fintech committee to study the impact of fintech on monetary policy, financial market, financial stability, payment and clearing. The People’s Bank of China (PBOC) made the announcement…
China’s economy loses momentum amid clamp down on debt risks
China’s growth took a step back in April after a surprisingly strong start to the year, as factory output to investment to retail sales all tapered off as authorities clamped down on debt risks in…
China's industrial production slows down
Both fixed asset investment and retail sales were down 0.2% from the previous month, adding weight to the argument that growth in China has reached a peak as authorities take substantive measures to tighten lending…
China pledges more than $100 billion in Belt and Road projects
“China will endeavor to build a win-win business partnership with other countries participating in the Belt and Road Initiative,” President Xi Jinping said in his opening speech at a two-day forum on the plan. “These…
China growth slows amid lower demand globally
A host of fresh business figures from China have all confirmed one trend – the world’s second-largest economy is losing steam, although growth figures are still impressive by Western standards. China’s National Bureau of Statistics…
China's Xi appeals to foreign leaders for freer trade
China is promoting itself as a champion of free trade in response to pressure in the United States and Europe for restrictions on imports. That is despite complaints by its trading partners that China is…
China's Xi outlines plans for wide cooperation in trade plan
Xi spoke Monday as leaders of 30 nations wrapped up a two-day meeting to promote China’s “Belt and Road” initiative. It calls for expanding trade across Asia, Africa and Europe by investing in ports, railways…
PBOC sets up new committee to oversee China’s burgeoning fintech industry
China’s peer-to-peer lending industry once enjoyed breakneck growth and was touted as a financial innovation to quench the thirst for credit of individuals or small business. It helped them borrow from online investors as traditional…
