Washington (CNN)Secretary of State Rex Tillerson will tell his counterparts in China that the US is prepared to increase financial penalties against Chinese companies and banks that do business with North Korea, according to senior…
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Here’s who will benefit from the Beijing-Seoul fallout
Currently, South Korea’s decision to allow the U.S. to deploy an advanced missile defence system on the peninsula has culminated in a series of retaliatory measures from Beijing, including closing Lotte stores in China, limiting…
Beijing would be wise to show restraint over HK election
former financial secretary John Tsang. This appears to be the rationale for Beijing’s open interference in the Hong Kong election, even though Lam herself has warned that such favoritism by Beijing may be counterproductive, making…
These Are China’s Biggest Beer Brands
For beer companies, craft beer is where the profit is. All those imperial stouts, pale ales and spring saisons are “premium” beers that command premium prices. Craft sales have been steadily growing, too, even as…
China raises short-term interest rate follow US increase
BEIJING, China – China’s central bank raised short-term interest rates Thursday following the U.S. rate increase as Beijing tries to shore up the value of its currency and stanch an outflow of money. The People’s…
US to confront trade partners at global finance meeting
Last year’s gathering of the Group of 20 finance ministers in Chengdu, China, issued a statement opposing “all forms of protectionism.” This time, such unequivocal language could be softened to refer to trade that is…
China lifts short-term rates for third month straight to steady yuan, battle debt
“The higher U.S. rates and tightening of U.S. monetary policy could trigger further capital outflows and have some negative impact on China’s financial system,” Nomura economist Yang Zhao said. “I think they want to stabilise…
Saudi king's visit highlights China's Middle East engagement
BEIJING — A visit to Beijing by Saudi Arabia’s King Salman is highlighting China’s budding engagement with the Middle East, which provides a crucial source of energy to fuel its economy and represents a key…
China consumer day show skewers Nike shoes, Muji foods
SHANGHAI: China’s annual consumer rights day TV show turned its spotlight on U.S. sports brand Nike Inc for misleading advertising and Japanese brand Muji for selling food products allegedly sourced from part of Japan affected…
Manulife gets green light to cater to investors in China
Manulife Financial Corp has been granted a licence that will allow it to launch investment products in China through a wholly-owned local subsidiary, as Beijing further liberalizes its capital markets. Canada-based Manulife said on Wednesday…
Booking.com investing in China with confidence
Q. What do you think of China’s economic growth target of about 6.5 percent this year, amid the sluggish global recovery? What business opportunities do you see coming from sectors that will be opened to…
No evidence yet for official response to China in missile spat – South Korea finance minister
SEJONG, South Korea: South Korea does not have firm evidence that China has retaliated for Seoul’s deployment of a U.S. missile defence system so no action has been taken against Beijing yet, South Korea’s finance…
China Unicom tightens belt as profits plunge
HONG KONG — Struggling to gain a foothold in China’s fourth-generation (4G) wireless telecommunication markets, Beijing-based China Unicom reported lackluster results on Wednesday and plans to cut back outlays in preparation for its next move.…
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