President Donald Trump said on Wednesday that his administration will not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was “getting too strong” and would…
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Business Booms in China for BBJ
Greater China has become a central market for Boeing Business Jets (Chalet 2) for both new and pre-owned aircraft, according to Greg Laxton, the new head of the company. Over the past five years, the…
Shanghai may build new airport for business flights
There were 900 turbine helicopters and 450 business jets in China as of 2016, with compound annualized growth rates of around 6 percent and 9 percent, respectively, over the past decade, said Charles Park, director…
China's Xi tells Trump he wants peaceful solution to North Korea
“China insists on realizing the denuclearization of the peninsula … test site ahead of the April 15 anniversary of the communist country’s founding. Fox News’ Cody Derespina and The Associated Press contributed to this report.…
Is Yum China a Better Bet for Investors Than Yum! Brands?
On Nov 1, 2016, Yum! Brands, Inc.YUM announced that it has spun off its all-important China division into an independent, publicly traded company Yum China Holdings, Inc. YUMC. Post separation, Yum China holds exclusive rights…
China's Ant Financial extends mobile payments empire to Indonesia
BEIJING (Reuters) – Ant Financial, the finance affiliate of Alibaba Group Holding , and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia.…
China: The World’s New Fintech Leader
The centre of financial technology (or fintech) is migrating eastwards. In November 2016, a report jointly produced by professional-services firm Ernst & Young (EY) and leading Singaporean bank DBS stated in no uncertain terms that…
Beijing orders property websites to stop touting investment gains, feng shui advice
BEIJING Beijing has ordered 15 online real estate portals to remove misleading information, false advertising and even advice on feng shui by Wednesday, as part of its campaign to cool a red-hot housing market. Advertisements…
China's central bank quietly increases its power in battle to curb risks
BEIJING (Reuters) – China’s central bank has been quietly boosting its policy independence and regulatory reach as it seeks to contain risks to the financial system, policy insiders said, to help ensure stability ahead of…
China regulator tackles banking loopholes head on
China’s banking regulator is to tackle rampant regulatory arbitrage by the nation’s banks, via various layers of investment products, according to an internal document, that could cut fund flow into the bond and equity market.…
How Western contemporary fashion brands are cashing in on Hong Kong’s luxury downturn
But in the past few years, visitor numbers from China have dropped, while slower economic growth has dented the confidence of local shoppers – a double whammy for big luxury retailers. Lesser-known retailers and contemporary…
Decrease in executions globally in 2016, but China totals unclear: Amnesty
out of at least 931 that the human rights group tallied through public news reports. Among the cases omitted were the executions of foreigners for drug crimes and people accused of terrorism in China’s in…
Trump urges China to 'solve the North Korea problem'
“Well, if China is not going to solve North Korea, we will. That is all I am telling you,” Trump told the FT. ABC News’ Elizabeth McLaughlin and Katherine Faulders contributed to this report. (…
