“We hope that the U.S. side can objectively and fairly view China’s development and China-Africa cooperation,” he told a daily news briefing. China has sought to be visible in Africa, including through high-profile investment in…
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China bank regulator softens loan-loss provision rules
China’s banking regulator has softened rules requiring lenders to set aside provisions against losses on bad loans, to encourage banks to provide more trustworthy assessments of their health. The move suggests that even as regulators…
Repercussions of Foxconn’s IPO application to A-share market
Is it make or break for the Initial Public Offering (IPO) application by Foxconn Industrial Internet in China’s A-share market? The answer will be known on March 8. If the greenlight is given, it will…
China says financial risks ‘under control’
China’s finance minister has said Beijing is fully confident of its capacity to avoid systemic debt risks. The remark came as international organizations including the IMF kept warning of the country’s ballooning debt. On the…
China reassures that fiscal policy still expansionary despite deficit cut
“I’m clearly telling everyone that the pro-active fiscal policy’s orientation has not changed, although this year’s fiscal deficit ratio declined from the previous year,” Xiao said at a news briefing during China’s annual parliament meetin…
China Executive Blasts Trump’s Latest Tariff Threat: NPC Update
two people familiar with the matter told Bloomberg News. The proposed “CPC leadership system” — approved by the party on Feb. 28 — calls for merging more than a dozen state agencies, are due to…
China Unicom launches eSIM, allowing full use of both phones and wearables
China Unicom announced that it has officially launched the “eSIM One Phone Number Dual Terminal (eSIM一号双终端)” (in Chinese) business in six Chinese cities including Shanghai, Tianjin, Guangzhou, Shenzhen, Zhengzhou and Changsha. “eSIM One … (…
Finance minister says China can handle government debt risks
By strictly enforcing debt and budget rules, “we are fully able to ensure there is no systemic risk,” said Xiao at a news conference held during the annual meeting of China’s ceremonial legislature. The Moody’s…
China finance minister says ‘fully confident’ in fending off systemic debt risks
BEIJING (Reuters) – China is fully confident of its ability to fend off systemic debt risks, while it continues to strengthen control over local government debt, Finance Minister Xiao Jie said on Wednesday. China will…
How ‘leftover’ women in China are changing its culture
Roseann Lake, author of ‘Leftover in China’, discusses how women who aren’t married by 25 are reshaping China’s traditional culture. Following is a transcript of the video. Roseann Lake: Leftover women in China are a…
BRIEF-China Shandong Hi-Speed Financial Announces Issue Of Additional $200 Mln Bonds Due 2019
March 7 (Reuters) – China Shandong Hi-Speed Financial Group Ltd: * ANNOUNCES ISSUE OF ADDITIONAL US$200 MILLION 3.9% GUARANTEED BONDS DUE 2019 Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles.…
Why ‘Black Panther’ will make more money than ‘The Last Jedi’ in China, according to a box-office analyst
After a huge opening in the US, “Black Panther” now has the China box office in its sights, the second-largest movie market in the world. The big question is whether it can bring in more…
Fleeting relief for China’s homeowners as property tax inches its way through legislature
A controversial property tax appears unlikely to materialise in China this year, delivering temporary relief to households and real estate owners with an estimated US$44 trillion of their wealth invested. The Chinese legislature’s budgetary unit…
