BEIJING – China’s No. 2 leader said Wednesday his government hopes for positive relations with Washington and has no desire for a trade war nor plans to devalue its currency to boost exports. Speaking at…
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China’s Banks and the Problem of Bad Debt
Late last year, moreover, the Bank for International Settlements (BIS) stated that China was within three years of a serious financial crisis. The bank reported that the country’s credit-to-GDP gap—a measure that the BIS uses…
Bank of China applies to set up Irish branch
BANK OF CHINA has applied to the Central Bank for a licence to set up an Irish branch. The partially state-owned bank has operations in the UK, and an aircraft leasing operation in Ireland. Business…
China c.bank's Feb net FX sales lowest in 9 months as yuan steadies
BEIJING China’s central bank in February sold the smallest amount of foreign exchange in nine months, supporting the government’s assertions that capital outflows are easing amid tighter scrutiny of cross-border flows. Net foreign exchange sales…
Bank of China to set up Irish branch as trade links grow
Bank of China, the 64 per cent state-owned bank, has applied to set up an Irish branch of its UK operation to capitalise on growing commercial links between this State and the world’s second-largest economy.…
China does not want to see trade war with U.S.: Premier Li
That would not make our trade fairer,” Li said at his annual news conference at the end of the annual meeting of China’s parliament. “Our hope on the Chinese side is that no matter what…
Chinese Premier Li Keqiang: It's time to stop talking about a China hard landing
“China doesn’t want to see a trade war with the U.S.,” Li said. His remarks come ahead of scheduled talks between President Donald Trump and Chinese President Xi Jinping next month. The summit would be…
The Largest Mobile Network Operators In The World
With subscriber strength of 851.2 million, China Mobile is undoubtedly the champion mobile network operator in the world. China Mobile was conceived in 1999 as a result of the China Telecom break which was originally…
In China, talk of ‘super-financial regulator’ is cheap – until next crisis hits
Financial crises are said to come once a decade – the Black Monday market crash of 1987, the Asian contagion in 1997 and the global financial crisis of 2007. If true, we’re about due for…
China’s O2O and What It Could Mean for Western Brands
In China, apps have transformed the mobile phone into a virtual remote control for products and services. Consumers there can order and pay digitally for products and services to be delivered. It’s called online-to-offline (O2O),…
China's telecoms giants tipped to report mostly downbeat 2016 results
To further complicate matters, China Mobile, China Unicom and China Telecom will face questions from the market about the impact of further tariff reductions announced a week ago by Premier Li Keqiang at the National…
China Telecom Allies with OpenStack with Government Support for the Open-source Software Platform
China Telecom joins some of the leading technology companies in the world — including Inspur, Cisco, Dell EMC, Ericsson, Fujitsu, Hitachi, Huawei, NEC and Symantec — as one of 24 founding Gold Members. Large and…
China's ZTE Corp names new chairman
In a filing to the Shenzhen stock exchange after the market close, ZTE said outgoing chairman Zhao Xianming had resigned from the post “in order to improve the company’s management by differentiating the role of…
