China’s Ministry of Commerce on Monday determined to turn China into a “strong economic and trading nation in all respects” by 2050. In the past five years, China’s domestic consumption, foreign trade and investment all…
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China closes more than 13,000 websites in past three years
China ushered in a tough cyber security law in June, following years of fierce debate around the controversial legislation that many foreign business groups fear will hit their ability to operate in the country. China…
Central bank suspends open market operations on fiscal spending increase
BEIJING, Dec. 25 (Xinhua) — China’s central bank suspended open market operations on Monday due to a fiscal spending increase near the year end. The rising fiscal spending near end of the year is sufficient…
China urges restraint after N. Korea calls sanctions ‘war’
Add North Korea as an interest to stay up to date on the latest North Korea news, video, and analysis from ABC News. The Chinese government has urged countries to act with restraint and work…
Why China’s Big Step on Carbon Isn’t Bigger Still
China is looking to financial markets to help restrain its emissions of greenhouse gases. It surpassed the U.S. as the world’s biggest polluter more than a decade ago and now is building what will become…
PBOC Official Argues a Detroit-Like Bankruptcy May Benefit China
A Chinese central bank official said China should allow local governments to go bankrupt to help rein in regional authorities’ excessive borrowing. A case like the bankruptcy of Detroit would convince investors that the central…
China shuts down over 13,000 websites in past three years, to ‘maintain a clean cyberspace’
China has shut down more than 13,000 websites since the beginning of 2015 in a continuous campaign against “illegal information” online, state news agency Xinhua reported on Sunday. The closures are part of Beijing’s moves…
China needs Detroit-style bankruptcy as debt problems remain – central bank official
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…
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…
