BEIJING (Reuters) – China and Saudi Arabia on Thursday signed memorandums of understanding and letters of intent potentially worth about $65 billion during Saudi King Salman’s visit to Beijing, a senior Chinese diplomat said. Deputy…
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Interview: China's growth, job creation impressive, Australia will benefit: expert
SYDNEY, March 16 (Xinhua) — With China’s Two Sessions coming to a close, a leading economist in Australia said here on Thursday that the future looks bright for the economic partnership between China and Australia.…
U.S. to confront trade partners at global finance meeting
Last year’s gathering of the G20 finance ministers in Chengdu, China, issued a statement opposing “all forms of protectionism.” This time, such unequivocal language could be softened to refer to trade that is “open” and…
China, following Fed, lifts short-term rates to steady yuan, battle debt
SHANGHAI China’s central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates…
China raises short-term interest rates for third time in as many months
SHANGHAI China’s central bank raised short-term interest rates for the third time in as many months on Thursday, a day after the end of the annual session of parliament where leaders warned that tackling debt…
Tillerson to warn China of sanctions over North Korea
Washington (CNN)Secretary of State Rex Tillerson will tell his counterparts in China that the US is prepared to increase financial penalties against Chinese companies and banks that do business with North Korea, according to senior…
Here’s who will benefit from the Beijing-Seoul fallout
Currently, South Korea’s decision to allow the U.S. to deploy an advanced missile defence system on the peninsula has culminated in a series of retaliatory measures from Beijing, including closing Lotte stores in China, limiting…
Beijing would be wise to show restraint over HK election
former financial secretary John Tsang. This appears to be the rationale for Beijing’s open interference in the Hong Kong election, even though Lam herself has warned that such favoritism by Beijing may be counterproductive, making…
These Are China’s Biggest Beer Brands
For beer companies, craft beer is where the profit is. All those imperial stouts, pale ales and spring saisons are “premium” beers that command premium prices. Craft sales have been steadily growing, too, even as…
China raises short-term interest rate follow US increase
BEIJING, China – China’s central bank raised short-term interest rates Thursday following the U.S. rate increase as Beijing tries to shore up the value of its currency and stanch an outflow of money. The People’s…
US to confront trade partners at global finance meeting
Last year’s gathering of the Group of 20 finance ministers in Chengdu, China, issued a statement opposing “all forms of protectionism.” This time, such unequivocal language could be softened to refer to trade that is…
China lifts short-term rates for third month straight to steady yuan, battle debt
“The higher U.S. rates and tightening of U.S. monetary policy could trigger further capital outflows and have some negative impact on China’s financial system,” Nomura economist Yang Zhao said. “I think they want to stabilise…
Saudi king's visit highlights China's Middle East engagement
BEIJING — A visit to Beijing by Saudi Arabia’s King Salman is highlighting China’s budding engagement with the Middle East, which provides a crucial source of energy to fuel its economy and represents a key…
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