“They would look very favorably at transactions that have some links to the Belt and Road program, because the country needs to boost its financial muscle,” the banker said. But Beijing “will ensure the excesses…
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China beefs up cyber defenses with centralized threat database
China said on Wednesday it will create a national data repository for information on cyber attacks and require telecom firms, internet companies and domain name providers to report threats to it. The Ministry of Industry…
China plans nationwide ethanol use by 2020
BEIJING — China plans to expand use of ethanol in gasoline nationwide by 2020 to curb smog and fossil fuel demand, the government said Wednesday, joining United States, Brazil and other nations that use blended…
China sets up first ‘commercial’ quantum network for secure communications
China touts that it is at the forefront of developing quantum … government and official users in Shandong’s provincial capital Jinan, the official Xinhua news agency said late on Tuesday. It did not elaborate on…
China confident of maintaining strong growth, Premier Li Keqiang tells heads of six global agencies
Chinese Premier Li Keqiang said on Tuesday he was confident China would maintain the strong economic growth it achieved in the first half of the year. Speaking at a press briefing after a round-table meeting…
Hong Kong mobile operators declare price war in bid for new customers as Apple launches iPhone X
China Mobile, one of the four major mobile operators in Hong Kong, cut its monthly package fee by 25 per cent on Tuesday – the last one to jump into the price war ahead of…
China and Russia Warn the U.S. Not to Seek North Korean Regime Change
Follow @bpolitics for all the latest news, and sign up for our daily Balance of Power newsletter. In supporting a watered-down version of North Korea sanctions, China and Russia had a stern warning for the…
China sets 2020 target for nationwide ethanol use to cut corn stocks
“This news has greatly boosted confidence inside the industry,” said Michael Mao, analyst with Sublime China Information, adding that without government support ethanol would likely be too expensive to survive in the market. Shares in…
China’s ‘Bernie Madoff’ jailed for life for huge fundraising fraud
The ringleader of China’s biggest Ponzi scheme was sentenced to life in prison by a Beijing court on Tuesday, state-run Xinhua news agency reported. Ding Ning, dubbed by the media as China’s Bernie Madoff after…
Cryptocurrency chaos as China cracks down on ICOs
Investors in China contributed up to 2.6 billion yuan ($394 million) worth of cryptocurrencies through ICOs in January-June, according to a state-run media report citing National Committee of Experts on Internet Financial Security Technology data.…
Beijing’s balancing act over North Korea
Another week, another round of UN sanctions against North Korea. With it comes another demonstration of how adept Beijing is becoming at inching back and forth along the policy tightrope it has installed between Washington…
China banks fear US North Korea sanctions
China’s big banks have been quietly but surely weaning themselves off North Korean money. This is not particularly about their troublesome neighbour. It is because of a fear of US repercussions. Bank branches near the…
China looks at plans to ban petrol and diesel cars
“Those measures will certainly bring profound changes for our car industry’s development,” Xin Guobin told Xinhua, China’s official news agency China made 28 million cars last year, almost a third of the global total. Both…
