With a sharp cyclical rebound in 2017 and ahead of the 19th Party Congress, Xi Jinping’s government initiated assertive financial regulation, as well as greater party control over the operational management of enterprises and the…
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Trump’s anti-China sentiment ‘detrimental’ to world, Baidu president says
Trump’s government failed to approve Alibaba (NYSE: BABA) affiliate Ant Financial’s acquisition of MoneyGram , while AT&T (NYSE: T) (WEF) in Davos, Switzerland, Zhang criticized the anti-China sentiment. “I am concerned,” he said. “And you…
U.S. studies possible intellectual property action against China
DAVOS, Switzerland (Reuters) – U.S. trade authorities are investigating whether there is a case for taking action over China’s infringements of intellectual property, Commerce Secretary Wilbur Ross said on Wednesday, calling Beijing’s 2025 technology ……
Wilbur Ross: The next challenge with China will be over tech
Some analysts have called for the U.S. to ramp up spending on technology research in order to keep pace. Related: Did Trump just start a trade war with China? The Trump administration, which this week…
China’s $15-trillion shadow banking bares cracks
BEIJING/SHANGHAI — Strains are spreading in China’s $15-trillion shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels. Most affected are some $3.8 trillion of so-called…
China’s ExIm Bank commits $4bn in push beyond infrastructure
Export-Import Bank of China is releasing a $4bn wave of private equity capital that will broaden the state-controlled overseas investor’s scope beyond infrastructure as it seeks to compete with global funds for diversified assets. In…
China’s regulator snubs psychiatric hospital’s IPO bid despite huge investor interest
China’s securities regulator threw a wet blanket over investors’ mounting fervour to profit from the booming mental-health-care service sector after it rejected a listing application by the country’s largest privately-owned psychiatric hospital group. ( read…
China Express Airlines wins IPO approval for fleet expansion
China Express Airlines has secured approval for an initial public offering (IPO) to expand its fleet, becoming the first regional carrier in China to launch an IPO. The Guiyang-based carrier plans to collect CNY1.4 billion…
Chinese media told to tone down coverage of giant firms’ debt, finance woes
China’s banking regulator orders loan checks on Wanda … The Chinese leadership under President Xi Jinping has made bringing financial risks under control – including high levels of corporate debt – a top priority. The…
Beijing to demolish thousands of ‘illegal structures’
Authorities in Beijing have unveiled plans to demolish 40 sq km (15 sq miles) of alleged illegal structures, a move set to displace thousands of low-paid migrant workers. The city’s acting mayor said they would…
China does not control AIIB, says bank chief
The Asian Infrastructure Investment Bank (AIIB) was not created to finance China’s New Silk Road trade project nor does Beijing control its decision-making, the bank’s chief said on Monday. Speaking at an event in Brussels…
China’s fledgling hip-hop culture faces official crackdown
China Women’s News accused PG One of misogyny over his use of obscene language to describe women. The incident also seems to have triggered a crackdown on the entire music genre. A memo surfaced last…
EU, Sweden call for China to release detained publisher
On Tuesday, Swedish Minister for Foreign Affairs Margot Wallstrom said in a news release that China has given no clear explanation for Gui’s detention. Sweden has already summoned China’s ambassador in the Scandinavian country over…
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