China is planning to pump even more credit into its economy despite fears about its massive buildup of debt. The country’s central bank moved over the weekend to allow commercial lenders to dish out more…
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Robbers dig underground to enter China Bank in QC
Metro Manila (CNN Philippines, October 2) — It’s a scene straight out of a movie: Robbers dig an underground tunnel to steal from a branch of China Bank in Quezon City (QC). Supt. Tomas Nuñez,…
Luxury brands step up their online sales in China
Web sales will account for 13% of total luxury sales in China in 2021, up from 7% in 2016, according to Chinese consultancy CBN data. Luxury brands like Burberry and TAG Heuer have increased their…
Huawei pips Apple to become top smartphone brand in China: Survey
BEIJING: In a setback for Apple that is trying to make deeper inroads into China, smartphone buyers in the country have chosen domestic brands over the iPhone maker with Huawei being their first choice, a…
Huawei beats Apple to become top smartphone brand in China
In a setback for Apple that is trying to make deeper inroads into China, smartphone buyers in the country have chosen domestic brands over the iPhone maker with Huawei being their first choice, a survey…
Why they love the Warriors in China — and it’s more than just Klay’s dancing
China has shown the most foreign NBA interest in terms of exhibition … Now that I’m doing it and my brand is growing rapidly, it’s a dream come true.” Many on the Warriors thought they…
China commits financing for 12 PH infra projects
In a statement, the DOF said Finance Secretary Carlos G. Dominguez III told China’s commerce ministry officials in Beijing last week that there was “additional progress” in firming up the first basket of projects that…
Will China and Russia Make U.S. F-22 and F-35 Stealth Fighters Obsolete?
Will China and Russia Make U.S. F-22 and F-35 Stealth Fighters Obsolete? As Russia and China continue to improve their air defenses, stealth is increasingly becoming a perishable commodity. While stealth technology will not become…
Global financial institutions upgrade China’s economic growth forecasts
A bullet train drives in Qinzhou City, south China’s Guangxi Zhuang Autonomous Region, Aug. 1, 2016. China has built one of the world’s most extensive high-speed rail networks in just a few years. It has…
Gold Prices Fall In Asia As Stronger Dollar Weights, China Holidays Noted
Also on Monday, financial markets in China will remain closed for a holiday along with South Korea, India and Hong Kong and the UK is to release data on manufacturing activity. Last week, gold prices…
China cuts banks’ reserve requirement
A much higher bar is set for a further 100 bps cut: 10 per cent of loans must be to the designated “inclusive finance” groups, the PBOC said. Banks that meet the 10 per cent…
More fintech firms seen to launch Hong Kong IPOs
The head of JP Morgan’s global investment banking division in China said more Chinese financial technology firms may follow Zhong An Online Property and Casualty Insurance’s lead in launching initial public offering (IPO) in Hong…
China proven gold reserves at 12,100 tonnes at end-2016
SHANGHAI: China’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association. China has been the world’s biggest…
