The China Association of Automobile Manufacturers estimated that new energy car sales could hit 800,000 units in 2017. Rivaling Daimler AG in China, BMW AG announced in March that its local line-up will come with…
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China says U.S. has apologized for Taiwan name gaffe
Foreign ministry spokesman Geng Shuang said China asked the United States for an explanation of the mistake, and the U.S. said it was a technical error. Washington apologized and corrected the error, Geng said at…
ZTE, China Unicom complete first 5G NR field test
NEW DELHI: Chinese telecommunications giant ZTE has announced the company supported China Unicom in the operator’s successful first 5G NR (New Radio) field test. “Deploying ZTE’s pre-commercial 5G base station at sub6GHz with Massive MIMO,…
Nine Chinese firms to go public
BEIJING — The China Securities Regulatory Commission (CSRC) has approved IPO applications from nine companies. They will raise up to 6.5 billion yuan ($957 million), the CSRC said in a statement. Four companies will be…
China’s Bond Trading Takes on a New Twist
On a recent morning in Shanghai’s Lujiazui financial district, Xiong Yun’s eyes darted around the four computer screens at his desk, scanning activity in China’s bond and futures markets. Staring at the matrix of numbers,…
Stripe strikes global partnerships with China’s Alipay, WeChat Pay
Stripe hopes the integration will help boost its revenues by allowing clients to tap China’s vast consumer market, where credit cards account for only a fraction of online spending, the company said. Alipay is the…
What South Korea’s 1997 Meltdown Can Teach China in 2017
In China an authoritarian regime has sacrificed financial rationality to prop up the unsustainable growth rates that give the Communist Party its legitimacy. What China really requires is the state’s withdrawal from the economy, to…
Crown judgment reveals casino group’s $875m China windfall
Mr Scott said a casino’s theoretical win rate was around 2.5 per cent of rolling chips, which meant mainland China generated $875 million in VIP revenue for the casino group last financial year, based on…
China takes firm stance on deleveraging
China has been resolute in containing leverage and financial risks, as it endeavors to trade short-term deleveraging pains for the long-term health of the economy. The People’s Bank of China (PBOC) increased cash injections early…
China was the real victor of Asia’s financial crisis
So, who won: Mahathir Mohamad or George Soros? The venomous argument between the Malaysian leader and the US fund manager during the Asian financial crisis 20 years ago symbolised the fury of those times. It…
Trade with China offers clues to North Korea’s economic health
However, China turned away North Korean ships in April … A Chinese trader interviewed in Dandong, the border city that handles most trade with North Korea, told the Financial Times he carefully checked “shopping lists”…
Other view: North Korea missile crisis should cost China
This requires access to international financial networks — often through China-based banks and institutions — for laundering illicit income or carrying out trade purchases and sales in violation of the sanctions. These deals can largely…
China and Taiwan mixed up in White House gaffe
These are external links and will open in a new window A formal statement from the White House was issued with a very public error – mixing up China and Taiwan. A press release following…
