US President Donald Trump today announced USD 50 billion of tariffs on China to punish the country for its “unfair” trade practices, a move that could escalate the already tense trade relations between the world’s…
FINANCE
China Life Insurance Company Limited Announces 2017 Annual Results (H Shares)
and the percentage of investment in debt-type financial products increased to 11.65% from 5.38% as at the end of 2016. In the near future, the main characteristic of China’s economic development will turn from fast…
China urges U.S. to ‘pull back from brink’ as Trump unveils tariffs
China was not exempted even though it was a far smaller supplier than Canada or South Korea. Also omitted from the exemption list was U.S. ally Japan, though a government spokesman said Tokyo would press…
Baidu Receives First Batch of Licenses to Conduct Road Tests for Autonomous Cars in Beijing
BEIJING, March 22, 2018 (GLOBE NEWSWIRE) — Baidu, Inc. (NASDAQ:BIDU) today announced that the company has received Beijing’s first batch of licenses to conduct open road tests for its autonomous driving vehicles in designated areas…
China’s premier urges US to ‘act rationally’ over trade
BEIJING — Chinese Premier Li Keqiang appealed to Washington … duties by appointing himself to lead ruling party bodies that oversee economic reform and finance policy. ( read original story …)
China’s oil futures: frazzle or dazzle for foreign traders?
It’s all very different.” So far, China has opened more than 6,000 trading accounts, including the country’s oil majors and about 150 brokerages. Ten foreign intermediaries have registered, including J.P.Morgan, Bands Financial, Straits Financial Services…
China paper says Beijing should prepare for military action over Taiwan
A widely read Chinese state-run newspaper said on Thursday China should prepare for military action over self-ruled Taiwan, and pressure Washington over cooperation on North Korea, after the United States passed a law to boost…
China raises a key market interest rate, following Fed’s move
SHANGHAI (Reuters) – China gingerly raised a key short-term interest rate on Thursday following the U.S. Federal Reserve Bank’s move overnight, in a symbolic reminder that Beijing is keeping an eye on global market trends…
China names financial heavyweight Guo to head new banking, insurance regulator
BEIJING (Reuters) – Chinese financial heavyweight Guo Shuqing has been appointed head of the country’s newly merged regulator for the banking and insurance sectors, Financial News, the official newspaper of the central bank, said in…
China names CBRC chief Guo as head of new banking, insurance regulator: Caixin
BEIJING (Reuters) – China has named Guo Shuqing as the head of the newly formed regulator for the banking and insurance sectors, financial publication Caixin reported on Wednesday without citing a direct source. Guo had…
How one reporter’s question in Beijing led to demands for a US investigation
It all started with a video that quickly went viral. And now that video has sparked an online petition in the United States to investigate a California news outlet’s links to Beijing. Two Chinese television…
China will push ahead ‘resolutely’ with financial sector fight, says Li Keqiang
China said it will continue to “resolutely” tackle financial irregularities, after several officials and tycoons were punished last year in a crackdown on market manipulators and fraud. “Some unlawful and [risky] conduct has been making…
China is not after ‘trophy-type’ investments, economist says
Prudence, on the other hand, is what China is aiming for, he said. This comes as China committed to financial reforms in an annual work report. Delegates of the National People’s Congress have voiced the…
