A suite of reforms has encouraged investment in the domestic financial sector, especially fund management. Success in attracting actively managed capital has so far been patchy but Beijing has made si… ( read original story…
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China’s King of Internet Fluff Wants to Conquer the World
Bytedance says that more than half a billion people worldwide use its video apps Douyin (in China) or TikTok (the rest of the world) at least once a month. BEIJING — A Chinese internet company…
Early indicators show China’s economic slowdown worsened again in October
China’s economic growth continued to slow in October … including steps to boost liquidity in the financial system, new tax deductions for households and targeted measures aimed at helping exporters. … ( read original story…
China’s tech means nation is now more powerful than US, warns former secret intelligence chief
The US is losing its dominance in the world stakes to a “more assertive” China thanks to the latter’s booming technology industry, Britain’s former secret intelligence service chief has warned. Sir Jo… ( read original…
Beijing planing to set up new banking system for financial, banking coop. with Tehran
Establishment of this alternative banking system is underway, so that banking experts of the two countries have thus far held several meetings in this regard. Given the above issue, China’s Bank of Ku… ( read…
Implications Of Postponed Tencent Music IPO
This is the second biggest such service in China behind the iQiqi (NASDAQ:IQ) product. iQiQi itself had an IPO in March this year. Live streaming online entertainment is very popular in China. ( read original…
China Regulator to Propose 50% Cut to Car Purchase Tax
China’s National Development and Reform Commission, also the top regulator, has submitted a plan but no decision has been, they said. “This is definitely good news and a message the market has been wa… (…
China tells speculators not to hope for relaxed curbs on property purchases
BEIJING (Reuters) – China warned property speculators against holding false hopes for a price rally, in a report on Monday by state news agency Xinhua that said authorities would not loosen curbs on b… (…
Unicom Calls on Outsiders to Run Five of Its Telecom Networks
Unicom’s parent company, CUCL, has become a key test case in China’s telecommunications industry as Beijing tries to breathe new life into big SOEs that operate in traditional sectors dominated by gov… ( read original…
Iran-China to create new banking mechanism
Beijing, Oct 29, IRNA – Regarding the possibility of severing ties between Iranian businessmen and Bank of Kunlun, Beijing plans to set up a new banking mechanism to continue its financial and banking … (…
India’s Modi and Japan’s Abe Draw Closer as Tokyo Woos Beijing
TOKYO — Indian Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe agreed to seek closer economic and military ties on Monday as the Japanese leader extended a diplomatic charm offensi… ( read original…
China’s yuan sinks to 10-year low against U.S. dollar
BEIJING — China’s yuan sank to a 10-year low against the U.S. dollar on Monday, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan declined to 6.9644 per…
China’s yuan sinks to 10-year low against dollar
BEIJING — China’s yuan sank to a 10-year low against the dollar on Monday, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan declined to 6.9644 per doll……
