China needs to let local governments take responsibility for their finances, including allowing bankruptcies, as part of an effort to defuse their debt risks, a central bank official wrote on Monday. Central government control of…
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CapitaLand to smarten property offerings
will step up efforts in technology innovation in China and explore setting up buildings, malls and communities that are all “intelligent”, in a bid to accelerate digitalization of its property offerings. Toward this end, the…
China’s central bank says will skip OMOs on Monday
SHANGHAI (Reuters) – China’s central bank said it will skip open market operations on Monday. On a net basis, the People’s Bank of China (PBOC) will drain 120 billion yuan ($18.25 billion) from the money…
Chinese brands earn youth’s trust
Today’s Chinese youth recognize major domestic brands better than well-known international brands, an AT Kearney report said.[Photo by Wang Haibin/for China Daily] Chinese millennials, or people born in the late ’80s and early ’90s, and…
China shuts down thousands of websites in Internet network crackdown
Chinese authorities shut down more than 13,000 websites for breaking laws and regulations governing the country’s Internet network since 2015, reported China’s state-run news agency Xinhua. An additional 2,220 website operations had been summoned for…
Access to China’s housing fund for Hongkongers hits a snag, as Shenzhen-based firm refuses to let eligible employee join
Latest official figures showed there were 82,531 Hongkongers working in mainland China. As members of the fund … that they could use to apply for low-interest housing loans for property purchases on the mainland, or…
6 Reasons You Should Own at Least One China Internet Stock
Many investors avoid owning stocks in China due to the greater than average risk. They cite many reasons, including the difficulty verifying information, the potential for fraud, and Chinese government interference as reasons to stay…
China just sent the world’s largest amphibious aircraft on its maiden flight
BEIJING (Reuters) – China’s domestically developed AG600, the world’s largest amphibious aircraft, performed its maiden flight on Sunday from an airport on the shores of the South China Sea, the latest step in a military…
Curbing financial risks still a priority for China
A teller counts money at a bank in Taiyuan, capital of North China’s Shanxi province. [Photo/China News Service] BEIJING – When China’s top leaders emphasized efforts to control financial risks last year, few expected policymakers…
One Target in Beijing’s Migrant Crackdown: Schoolchildren
BEIJING — Ding Fei, a truck driver from rural China, was thrilled to find a school in a crowded migrant neighborhood where his 7-year-old daughter might flourish. Finally, he thought, she could learn to read…
China launches world’s largest amphibious aircraft with an eye on South China Sea
“Its successful maiden flight makes China among the world’s few countries capable of developing a large amphibious aircraft,” chief designer Huang Lingcai told Xinhua state news agency. The aircraft has military applications but will also…
World’s largest amphibious aircraft makes maiden flight in China
BEIJING (Reuters) – China’s domestically developed AG600, the world’s largest amphibious aircraft, performed its maiden flight on Sunday from an airport on the shores of the South China Sea, the latest step in a military…
China Needs Long-Arm Jurisdiction in Financial Regulation, Forex Official Says
Licensing and exercising authority over foreign financial players doing business in China are critical to reducing risk of fraud amid the boom of internet finance, a senior official from the country’s top foreign exchange regulator…
