China Mobile, the GSMA and Huawei announced at the Mobile World Congress in Barcelona that they are working together on a joint project to build an assessment framework for achieving carrier-grade Network Functions Virtualization (NFV)…
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It May Be Another Record Year in China for Fintech, Accenture Says
The country’s financial-services giants will probably ramp up investments in areas including artificial intelligence, blockchain, so-called big data and cyber-security to improve their product offerings, Albert Chan, managing director of China financial … ( read…
China focuses on risk control as economy firms
China has moved to channel more energy into risk control in its financial sector after the slowing economy showed more signs of warming due to pro-growth measures.[Special coverage] The government work report delivered by Premier…
Sensing U.S. weakness, China casts itself as fixer of global problems
China has no ambition to take over the mantle of leadership from the United States, its Foreign Minister says. But Beijing is boldly positioning itself as mediator and problem-solver to the world’s most insoluble problems,…
Beijing to avoid radical coal shift after 2016 turmoil
BEIJING China will not force coal mines to cut output on a large scale if prices remain stable, the government said on Tuesday, a sign Beijing may try to avoid radical policy shifts after the…
China calls on N Korea to suspend missile and nuclear tests
China has said its radar capabilities go far beyond what is required for defence and represents an encroachment of US military power and that it will “resolutely take necessary measures to defend our own security…
China grants preliminary approval to 38 new Trump trademarks
SHANGHAI – China has granted preliminary approval for 38 new Trump trademarks, fueling conflict of interest concerns and questions about whether U.S. President Donald Trump is receiving special treatment from the Chinese government. The trademarks…
China Consumer Finance Challenge Needs High-Tech Solution, China Rapid Finance CEO Tells LendIt
The challenge of expanding consumer finance to China’s vast population can only be effectively tackled with a high-tech solution that enables low-cost customer acquisition, Dr. Zhengyu (Zane) Wang, founder, chairman and chief executive officer of…
China’s finance minister sees ‘relatively large’ room to increase govt debt
China’s government has “relatively large room” to incur debt, China’s finance minister Xiao Jie said on Tuesday, sending a message that Beijing is ready to increase government borrowing to bolster growth if needed. Xiao, a…
China imports surge almost 40% on-year in February
China’s imports surged almost 40 percent last month, data showed Wednesday, fuelled by higher commodity prices and strong domestic demand, bolstering hopes that the world’s number two economy is getting back on track. Leaders will…
China posts first monthly trade deficit in 3 years as imports soar
with China-bound exports dropping 13.4 percent. Elsewhere, Trump administration trade adviser Peter Navarro said on Monday that the $65 billion U.S. trade deficit with Germany was “one of the most difficult” trade issues. Meanwhile, the…
China says NKorea could suspend nukes for halt in US drills
BEIJING (AP) — China’s foreign minister said Wednesday that North Korea could suspend its nuclear and missile activities in exchange for a halt in joint U.S.-South Korea military drills, in an unusually public proposal that…
China Huarong to establish up to five local bad debt managers this year
and resolving systemic financial risks,” said Lai, a delegate to the annual meeting of China’s national parliament. China’s banking regulator last October amended regulations, allowing each province to set up two local AMCs, from one…
