One current and two former employees of ad agency GroupM were detained by Chinese authorities, who also questioned its CEO in China, reports say.
FINANCE
China’s Tax Investigation into Foxconn: A Dance of Strategy and Risk
In the world of international business and politics, every move is a dance of strategy, a calculated risk. China’s recent initiation of a tax investigation into Foxconn, a subsidiary of Hon Hai Precision Industry Co.
China plans financial policy conference for next week – Bloomberg News
China plans to convene a key financial policy gathering which takes place once every five years early next week to prevent risks and set medium-term priorities, Bloomberg News reported, citing people familiar with the matter.
Foxconn’s Tax Probe Is A Confluence of Finance, Politics, and Geopolitics
An investigation into one of the world’s largest electronics manufacturers, Foxconn, has stirred the waters of Asian financial markets and reanimated the shadows of China-Taiwan tensions. Foxconn, the …
China’s economy is bottoming out, but that’s no reason to cheer
Despite encouraging third-quarter economic data, it is preposterous to expect any kind of meaningful recovery when the property sector is crumbling The economy is likely to continue bumping along the …
China’s Economic Resilience: A Beacon in Global Uncertainty
In a world economy mired in uncertainty, China’s steady economic ascent offers a beacon of stability. The latest economic data for the first three quarters of 2023 reveals a resilient Chinese economy, …
China Plans Twice-a-Decade Financial Policy Conference Next Week
China plans to convene a key financial policy gathering which takes place once every five years early next week to prevent risks and set medium-term priorities for the $61 trillion industry, according …
China’s financial system to serve real economy
BEIJING: China’s financial system will continue to improve its ability to serve the real economy, according to a report from the State Council. The report on financial work was submitted on Saturday …
Has China squandered its golden opportunity to overtake the US? Here’s why one analyst is predicting it’s the nation’s ‘last decade’ of power and prosperity
China’s enormous population — which was the largest in the world until India’s recently surpassed it — served as cheap labor for assembling goods that were exported aggressively. Meanwhile, the …
China to bolster economic recovery and curb risks according to central bank head
China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People’s Bank of China Governor Pan Gongsheng said in a report published on …
China’s financial system pledges efforts to serve real economy
BEIJING — China’s financial system will continue to improve its ability to serve the real economy, according to a report from the State Council. The report on financial work was submitted on Saturday …
Financial system will implement macro regulation precisely in response to economic situation: Chinese central bank governor
China’s financial system will implement macro regulation in a “precise and forceful” manner in response to the economic situation, the Chinese central bank governor said, as part of the country’s …
China’s Central Bank Governor Outlines Priorities in Work Report
SHANGHAI (Reuters) – People’s Bank of China Governor Pan Gongsheng on Saturday outlined the central bank’s priorities for the near future in a work report delivered to China’s State Council.
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