The central bank would cooperate with industry participants, including financial industry and technology firms, to develop inclusive finance, Zhou said, adding that the PBOC would grant incentives in credit policy. China still had large potential…
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Canada-China free trade must benefit Canadian workers, new Beijing envoy says
OTTAWA — Canada’s Beijing-bound ambassador says the government will have to sell any possible Canada-China free trade to Canadian workers in order to overcome rising anti-trade sentiment. John McCallum says he’s aware of the populist…
Huawei, China Mobile, Deutsche Telecom, Volkswagen share their vision for 5G
Huawei, China Mobile, Deutsche Telecom and Volkswagen on Wednesday gave their vision of the future of 5G networks with the publication of the book “5G Service Guaranteed Network Slicing”, Huawei Spain informed in a statement.…
Sogou: IPO With AI Concept And Tencent Connection
Sogou, China’s third largest search engine, has taken one important step toward an initial public offering (IPO) in 2017. Multiple parties that we understand to include Sogou’s management and two major shareholders Tencent (OTCPK:TCEHY) and…
China Unicom +2.2% as it talks ownership reform again
China Unicom (NYSE:CHU) is up 2.2% in U.S. trading as it fans more talk about possible reforms of mixed ownership, prompting talk that private investments could follow. That follows discussions from Unicom last fall about…
In Reshaping China’s Financial Regulation, Is Big Better?
Should China’s central bank become the super-regulator of its financial system? The question surfaced about a year ago, as a barrage of financial-market turmoil, complex and sometimes-fraudulent new investment products, as well as currency pressures…
Central banker: China's debt 'too high,' must be controlled
BEIJING, China – China’s central bank governor said Friday the country needs to get soaring corporate debt under control but its economy and currency are stable and the decline in its foreign exchange reserves is…
China Technology 2017: Artificial Intelligence Research Gets Billions To Develop New Robots, Weapons
China has pledged billions of dollars to boost the development of artificial intelligence in the country’s first technology research drive of its kind, highlighting Beijing’s commitment to expanding the horizons of the nascent field. During…
China's property speculators make a dangerous bet in Hefei
HEFEI, China (Reuters) – In 2016, Hefei, a manufacturing hub of about 8 million people in China’s east, was one of the world’s hottest property markets and a prime target for price curbs designed to…
China's corporate debt levels are excessively high: central bank governor
BEIJING China’s corporate debt levels are excessively high, the head of the central bank said on Friday. Banks cannot support firms with high leverage, People’s Bank of China Governor Zhou Xiaochuan told reporters at a…
China central bank chief says making monetary policy neutral will help supply-side reforms
BEIJING Making monetary policy neutral will help China’s supply-side reforms, the head of the central bank said on Friday. China’s monetary policy is prudent and neutral and the central bank has many tools at its…
China developing spaceship capable of lunar mission: report
BEIJING — China is developing an advanced new spaceship capable of both flying in low-Earth orbit and landing on the moon, according to state media, in another bold step for a space program that equaled…
China February producer inflation fastest in nearly nine years as commodities surge
China’s iron ore and steel prices have been rallying for a year … while oil refiners and chemical producers also saw solid increases. That has been good news for some producers after years of losses…
