That report said the country’s “unusually” elevated level posed a threat to the country’s banking system. China’s credit to GDP gap remains higher, at 26.3 per cent, according to Monday’s report, but Canada’s 17.4 per…
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Banks worry over China's THAAD retaliation
According to sources Tuesday, five domestic banks ― KEB Hana, Shinhan, Standard Chartered Korea, the Industrial Bank of Korea (IBK) and Woori ― have payment guarantees extended to Lotte’s affiliates in China. The amount reportedly…
China Mobile sees 10% revenue hit from order to cut fees
BEIJING — A Chinese government order to eliminate long-distance and domestic-roaming charges within the year could slash China Mobile’s revenue by up to 10%, CEO Li Yue indicated Monday. Premier Li Keqiang announced the policy…
No defense spending number in China budget? No problem: finmin
BEIJING Chinese Finance Minister Xiao Jie on Tuesday downplayed the lack of defense spending numbers in this year’s budget as there had been in previous years, saying there was no problem with transparency in state…
China vows to strictly control local government debt quotas
Government debt risks are generally under control, Xiao told a news conference on the sidelines of the session. “I believe (measures taken) will be able to reasonably control outstanding local government debt and contain debt…
China’s banking system overtakes eurozone to become the biggest in the world
Industrial and Commercial Bank of China is the largest in the world by assets Reuters China’s banking system is now the biggest in the world, new analysis has shown. The country’s banks have more assets…
Spotlight: China's macroeconomic governance injects momentum to global development
Dialectical thinking is an important method applied by the Chinese leadership. Guided by the method, China has initiated five development concepts — innovation, coordination, green, opening up and sharing — outlined in China’s 13th Five-Year…
China’s economy will open up like never before, promises President Xi
told lawmakers on Sunday that China’s opening door will not close, vowing that the country will continue to open up on all fronts and continue to liberalise, state-run Xinhua news agency reported on Monday. His…
China must woo top tech talent turned off by Trump, says Baidu chief
The billionaire chief of Baidu, which is often referred to as China’s Google, has urged Beijing to further ease visa restrictions to attract overseas workers, some of whom might be put off by US President…
China's congress meeting brings crackdown on critics
BEIJING, China – Chinese authorities have shut down activist Ye Haiyan’s blogs and forced her to move from one city to another. Left with few options, she now produces socially conscious paintings to make a…
Cities and data: China’s weapons in the battle for clean air
Birds fly in and out of the eight-storey “Green Office Building” in Shenzhen, China, because a third of its walls are completely open to the air. It’s a clever natural design that enables the building…
Rishikesh yoga gurus have China in a twist
Rishikesh, believed by many to be the yoga capital of India, is also emerging as one of the biggest exporters of yoga teachers to Southeast Asia as well as China where demand for yoga is…
China cuts mobile fees as users binge on data
BEIJING, March 6 (Xinhua) — China’s mobile service operators will eliminate charges for domestic roaming and long-distance calls as data services become their major source of revenue. The fees will be canceled as of Oct.…
