BEIJING (Reuters) – China’s central bank on Tuesday named JP Morgan Chase Bank as yuan clearing bank in the United States. The People’s Bank of China made the announcement on its website. ( read original…
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China Jan new loans surge to record 2.9 trillion yuan, blow past forecasts
BEIJING (REUTERS) – China’s banks extended a record 2.9 trillion yuan (US$ … according to Reuters calculations based on the central bank data. Beijing is in the second year of a regulatory push to clamp…
Nation’s central bank warns of digital financial risks
“China’s rate of account ownership – a basic metric of financial inclusion – has increased significantly and is now on par with that of other G20 countries,” while having the world’s largest agent banking network,…
China’s central bank injects liquidity into market via MLF
BEIJING – China’s central bank Tuesday injected 393 billion yuan ($62.2 billion) into the market via the medium-term lending facility (MLF) to maintain liquidity. The People’s Bank of China, the central bank, said the injected…
China central bank governor says will maintain prudent monetary policy in 2018 – PBOC publication
BEIJING (Reuters) – China’s central bank governor Zhou Xiaochuan said China will maintain prudent monetary policy as well as appropriate growth in credit in 2018, according to comments in China Financialyst, a magazine published by…
China opens news doors for Wipro consumer care
Unza is now a $75 million brand. Two years ago, WCCL bought Zhongshan Ma Er to get a strong foothold in the Guangdong (China) market. The Chinese market now contributes $125 million to WCCL’s business…
British Navy to send a warship to challenge Beijing’s claims to the South China Sea
A British warship will sail through the South China Sean next month to challenge Beijing’s claims to the international waters. The move is likely to stoke tensions with China, who have claimed the area and…
Can China Unicom be reborn through its BATJ partnership?
Though China’s telecommunications sector remains under strict government control, the country’s No. 2 operator, China Unicom, has been stepping up efforts to move to a mixed ownership structure. As part of the program, Unicom has…
Beijing ups trade tensions with new measures on US chemical
Trade tensions between the world’s two largest economies continued to simmer as Beijing took aim at imports of a key chemical from the United States, the latest move in a growing standoff between the pair.…
China Jan non-financial ODI up 39.7 pct to $10.8 bln – state media
BEIJING, Feb 13 (Reuters) – China’s non-financial outbound direct investment in January rose 39.7 percent year-on-year to $10.8 billion, the Shanghai Securities News reported on Tuesday citing data from the Ministry of Commerce. That compared…
The ‘globalisation’ of China’s military power
China’s modernisation of its armed forces is proceeding faster than many analysts expected. Now, according to experts at the International Institute for Strategic Studies – the IISS – in London, it is China and no…
Innovative Chinese Brands Look to Ride Digital Wave to Global Reach
Because of China’s rapid economic expansion, many brands launched as digital brands, skipping the analog stage completely are leapfrogging western competitors. What brand will own the future of short-distance transportation? Hint: It was started only…
Viavi partners China Mobile to deliver 5G by 2019
Viavi Solutions will provide hardware solutions to China Mobile facilitate the deployment of 5G service in China by the end of 2019. Viavi supports China Mobile’s specific technologies and aggressive roadmap with advanced test solutions,…
