India and China have agreed to an “expeditious disengagement” of troops in a disputed border area where their soldiers have been locked in a stand-off for more than two months, India’s Foreign Ministry said on…
FINANCE
BRICS youth expect summit to enhance cooperation in finance, trade, education
Anait Agadzhanian from Russia, who majors in finance, will graduate from Xiamen University this year. She plans to find a job in China because she thinks she has more opportunities here. Agadzhanian said she believes…
China needs clear boundaries between state and markets – central bank researcher
BEIJING, Aug 27 (Reuters) – China needs clear boundaries between the government, markets and companies to avoid distortions and “chaos” in financial markets, the head of research at China’s central bank said according to remarks…
Top anti-graft inspector at China’s finance ministry under investigation for graft
BEIJING: The head of the anti-graft committee for China’s Ministry of Finance has been put under investigation himself for suspected graft, the ruling Communist Party’s anti-corruption watchdog said on Sunday (Aug 27). Mo Jiancheng was…
Official Passenger Air Transportation Services Partner for Beijing 2022
Air China Limited (“Air China”) has become the Official Partner of the Beijing Organising Committee for the 2022 Olympic and Paralympic Winter Games (“Beijing 2022”) on August 23, 2017, the company said. Chen Jining, acting…
Andrew Collier on the Upside of Shadow Banking in China
Collier, however, argues that Beijing has the wherewithal to handle future financial challenges. You make the case that shadow banking has allowed China’s market economy to flourish without directly challenging state control. How? There are…
China Minsheng Bank information chief under investigation for suspected corruption
A senior executive at China Minsheng Bank is being investigated by the government’s banking watchdog on suspicion of “serious violation of discipline”, amid an ongoing anti-corruption crackdown in the financial industry. Lin Xiaoxuan, the bank’s…
Chinese Dealmaker Raises Billions From Shadow Banks
That question is gaining new urgency as Beijing moves to curb debt-fueled overseas investments that could ultimately pose risks to the nation’s companies and economy. One part of the answer lies inside the country’s vast…
China could spark world financial CRISIS with infrastructure programme, experts warn
The ambitious programme aims to bring Silk Road trade routes – an ancient network of trade paths – back to life. State-backed banks in the world’s second largest economy are raising billions of pounds worth…
China’s ‘Belt and Road’ initiative could be the next risk to the global financial system
China has pitched its mammoth, pan-Eurasian “Belt and Road” infrastructure initiative as a means of promoting economic prosperity and fostering diplomatic ties on a global scale. That rhetoric may win plaudits at a time when…
China’s Future, Reshaped by Robots
Speak to China experts these days and you typically get one of two contrasting views on its outlook. The prevailing wisdom is that an unreformed state-industrial sector and rising debt mean it is on an…
China Deepens VAT Reform to Combat Financial Complexity
China announced to deepen its value-added-tax (VAT) reform again on August 18 this year at a State Council executive meeting chaired by Premier Li Keqiang. The government’s newest move sets out to enhance the non-standardized…
China’s cat-and-mouse game over capital outflows set to continue
At that time, the renminbi weakened sharply, capital outflows surged and the stock market crashed. In Beijing’s view, financial risk remains paramount still — even though the scary, unvirtuous circle of a weakening renminbi, ever…
