Long-term joint-venture partners Uni-President Enterprises and President Chain Store Corporation ceded their 50% stake in the business to Starbucks, which plans to build on its ongoing investments in China, its fastest-growing market outside America. (…
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China shut 42.4 million tonnes of steel capacity in the first half
SHANGHAI: China shut 42.39 million tonnes of crude steel capacity in the first half of 2017, equal to 84% of its target for the whole year, a government official said at a meeting of the…
China’s PMI numbers fall slightly in July
Hot weather and flooding in some parts of China temporarily disrupted business activity and dragged the overall index lower. Likewise, the new orders index slid to 52.8 in July from 53.1 and the new export…
China Mobile Zhejiang’s VoLTE user base grows 10-fold in a year
China Mobile’s Zhejiang branch has seen the number of customers using voice of LTE (VoLTE) services grow more than 10x over the last year, with registrations hitting 10.56 million in the province. The figures mean…
China’s overall debt levels still high, central bank official says
BEIJING (Reuters) – China’s overall debt levels are still high, despite initial results achieved by its deleveraging efforts, a central bank official said in the bank’s China Finance magazine on Monday. China will strengthen coordination…
Signs mounting of traditional build-up to serious financial crisis, which is just being put off with another bout of easy credit
Was it really a dereliction of duty on the part of regulators not to close the market in early 2015 when the authorities in Beijing were chortling about how greatly the general public was helping…
China’s Financial Missteps Continue
The financial missteps in China have continued and it will only be when their economy falters that we will learn to what extent or hear more stories about how they have masked their problems. China…
China orders insurer Anbang to sell foreign assets: report
Beijing (AFP) – China has ordered Anbang Insurance Group, the conglomerate which owns New York’s historic Waldorf Astoria hotel, to sell its overseas assets, Bloomberg News reported Monday. The financial news agency, which cited unidentified…
How China’s biggest bank became ensnared in a money laundering probe
Established residents and an influx of new immigrants, many from Qingtian County in China’s Zhejiang Province, found that the global financial crisis provided an ideal opportunity to expand. Their goods were cheap and Spanish businesses…
China c.bank to ensure smooth, orderly deleveraging, assistant governor says
BEIJING, July 31 (Reuters) – China’s central bank will continue to force financial institutions to cut debt but ensure the process is smooth and orderly to limit its impact on market liquidity, an assistant central…
Exclusive: China Construction Bank nominates Bank of China boss to be its next chairman – sources
… as top bosses at China’s powerful big four state banks normally get promoted to high-ranking positions at China’s financial regulatory bodies, said a source familiar with the matter. Tian was previously widely regarded in…
China’s оverall Debt Levels Still High, Central Bank оfficial Saуs
a central bank official said in thе bank’s China Finance magazine оn Mondaу. China will strengthen coordination оf supervision аnd stabilize market expectations while steadilу pushing ahead with deleveraging, said Zhang Xiaohui, assistant governor ……
Special Report: How China’s biggest bank became ensnared in a sprawling money laundering probe
Established residents and an influx of new immigrants, many from Qingtian County in China’s Zhejiang Province, found that the global financial crisis provided an ideal opportunity to expand. Their goods were cheap and Spanish businesses…
