BEIJING (Reuters) – A Finance Ministry official confirmed China’s defence budget will rise 7 percent in 2017, to 1.044 trillion yuan ($151.43 billion), state media said on Monday. The official Xinhua news agency gave the…
FINANCE
China's New Finance Minister Jie to Outline Tax Reforms
Mar.06 — Bloomberg’s Tom Mackenzie reports on what to expect from China’s new finance minster Xioa Jie who took office in November. Mackenzie speaks on “Bloomberg Daybreak: Asia.” ( read original story …)
China finance ministry releases $151 billion defense budget
BEIJING (AP) — China’s finance ministry said Sunday that the country’s defense budget this year will top 1 trillion yuan ($145 billion) for the first time, after the exact figure was initially kept out of…
China cuts growth target as it pushes through reforms, builds 'firewall' against risks
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Premier Li says China will resolutely oppose Taiwan independence
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China cuts GDP growth target as it pushes through reforms, de-leveraging
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China would ‘never’ launch currency war, says central bank vice-governor
China would “never” launch a currency war to devalue the yuan to boost exports, a senior Chinese central bank official said on Saturday, cementing Beijing’s vow to keep a stable yuan. Yi Gang, vice-governor of…
China says defence budget to rise by about 7 per cent in 2017
BEIJING — China will raise its defence budget by about 7 per cent this year, a government spokeswoman said Saturday, continuing a trend of lowered growth amid a slowing economy. Total defence spending would account…
JD.com, Chinese Internet Retailer, Spins Off Finance Unit
Along with its core payment platform for consumers and companies, JD Finance is venturing into credit scoring and loans. It has teamed up with China UnionPay, the state-backed financial company, to work on online payments,…
China says defense budget to rise by about 7 percent in 2017
BEIJING (AP) — China will raise its defense budget by about 7 percent this year, a government spokeswoman said Saturday, continuing a trend of lowered growth amid a slowing economy. Total defense spending would account…
Financial risks hang over China legislature meeting
The gathering of 3,000 National People’s Congress (NPC) delegates at Beijing’s cavernous Great Hall of the People is staged annually by the all-powerful party to portray a facade of popular rule. It typically has little…
China's new banking regulator vows to tighten supervision, curb risks
BEIJING China’s newly appointed banking regulator vowed on Thursday to strengthen supervision of the lending sector, underscoring Beijing’s determination to fend off financial risks and push forward with reforms this year. Guo Shuqing, making his…
Risk prevention in China's banking sector to be a 2017 focus: new regulator
BEIJING China’s newly appointed banking regulator said on Thursday that risk prevention in the sector will be a more prominent policy focus in 2017. Guo Shuqing, chairman of the China Banking Regulatory Commission (CBRC), also…
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