China International Capital Corp., the investment bank ex-Premier Zhu Rongji set up two decades ago to help restructure the Chinese economy, is again taking on a role that fits with the government’s agenda. CICC’s $2.5…
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China exports down 7.3% from a year ago
China’s exports fell again in October in a fresh sign that weak global demand is complicating efforts by Beijing leaders to shore up economic growth and reduce reliance on trade and investment. Exports contracted by…
While world watches the U.S. election, China unveils three major decisions within three minutes
Lou had overseen a restructuring of local-government finances that helped cut the cost of a record accumulation of debt by cities and provinces after the global financial crisis. Sotheby’s signs deal with ‘Zillow of China’,…
China's October exports fall in new sign of global weakness
BEIJING — China’s exports fell again in October in a fresh sign of weak global demand that is complicating efforts by Beijing leaders to shore up economic growth and reduce reliance on trade and investment.…
China’s New Finance Minister Faces a Juggling Act
China’s new finance minister Xiao Jie inherits from his reformist … to reduce the cost of a record amount of debt run up by provinces after the global financial crisis. But his plans to clamp…
Financial risk may be China's gift to next president
Back in 2008, incoming President Barack Obama inherited a US financial crisis that was to some degree made in China. The next US president may well confront a Chinese financial crunch with its origins in…
AgBank fine shows China banks still flunking compliance test
BEIJING (Reuters) – Last week’s $215 million (173 million pound) fine for Agricultural Bank of China Ltd (AgBank), the third big Chinese bank disciplined by U.S. regulators in 16 months, shows Chinese lenders still falling…
China bars two Hong Kong lawmakers from office
BEIJING – China’s top legislature effectively barred two democratically elected separatist lawmakers from taking office in Hong Kong with a ruling Monday on the city’s constitution, an intervention into a local political dispute that’s likely…
China adopts cyber security law in face of overseas opposition
Overseas critics of the law say it threatens to shut foreign technology companies out of various sectors deemed “critical”, and includes contentious requirements for security reviews and for data to be stored on servers in…
China's LeEco to slow pace of growth, faces 'big company disease': CEO
Jia has been making a big push in overseas markets as well including the United States. LeEco’s listed smart TV subsidiary Leshi Internet Information and Technology Corp Beijing 300104.SZ fell 4.7 percent on Monday amid…
China unveils first smartphone for satellite communications network
China’s aerospace technology company has unveiled the first satellite smartphone designed for use with the country’s first mobile communications satellite, Tiantong-1 (TT-1), media reports said. The new smartphone, developed by the state-owned China … (…
China intervenes in Hong Kong legal system in boldest move yet
China’s parliament passed an interpretation of Hong Kong … The scenes on Sunday night were reminiscent of pro-democracy protests in late 2014 that paralyzed parts of the Asian financial centre and posed one of the…
China approves new law to tighten control on internet use
BEIJING — China’s legislature has approved a cybersecurity law that human rights activists warn will tighten political controls and foreign companies say might isolate Chinese industries. Chinese leaders have said the law approved Monday is…
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