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China held a massive military parade showing off its might — and it could surpass the US by 2030
China’s president, Xi Jinping, presiding over the country’s massive military parade in inner Mongolia. CCTV Chinese President Xi Jinping on Sunday presided over a massive military parade from an open-topped jeep, declaring, “The world is…
China central bank to ensure smooth, orderly deleveraging, assistant governor says
BEIJING (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 bank governor…
How China’s biggest bank became ensnared in a sprawling money laundering probe
Xu Kai, who was arrested and released on bail in late 2012, fled to China. She couldn’t be reached for comment. The court filings and wiretap transcripts reviewed by Reuters indicate that within eight months…
Chinese regulator to fast-track reform of registration-based initial public offerings system
China Business News reported. The China Securities Regulatory Commission (CSRC) will speed up the establishment of basic systems in a bid to guard against financial risks during the second half of this year, Li Huiyong,…
A Crackdown on Unfettered Internet Access Is Jeopardizing China’s Pro-Business Credentials
Another big political meeting, another crackdown on Virtual Private Networks (VPNs) — the location-shifting software many in China use to access websites banned by its government, such as Facebook, YouTube and Google. “We have been…
Starbucks buys back its eastern China operation in record deal
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. (…
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…
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