Direct trading between the currencies will help cut companies’ foreign exchange costs and spur two-way trade and investment, the China Foreign Exchange Trade System (CFETS) said. (Reporting by Beijing Monitoring Desk; Editing by Clarence Fernandez)…
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China slashes its demand for US plastics scrap
Asia: A combination of lower virgin plastics prices, a stronger US dollar and weaker Chinese demand is being blamed for a steep decline in America’s plastics scrap export volumes to China. Latest figures from the…
Hong Kong lawmakers barred by Beijing from office
Beijing has made an unprecedented intervention in Hong Kong politics to block two lawmakers from taking office. Pro-independence elected lawmakers Sixtus Leung and Yau Wai-ching have refused to pledge allegiance to Beijing when being sworn…
Rights advocates express alarm after China police official chosen as head of Interpol
BEIJING – A top Chinese police official was elected president of Interpol on Thursday, setting off alarm bells among rights advocates over abuses and lack of transparency within China’s legal system. Vice Public Security Minister…
China auto sales rise in October over demand for SUVs
BEIJING — China’s auto sales rose 20.3 per cent in October from a year earlier, propelled by surging demand for sport utility vehicles. An industry group, the China Association of Automobile Manufacturers, reported Thursday dealers…
US election 2016: China eyes chance to weaken US power
He may have won at home, but on the level where great nations contend, President-elect Trump’s campaign slogan “Make America Great Again” now goes head to head with China’s favourite catchphrases, the great rejuvenation of…
WEF business roundtable held in Guangzhou
2016 World Economic Forum’s China Business Roundtable kicks off in Guangzhou on Nov. 10. Panelists discuss at the session themed with Digital Transformation: Strategic Impact for China. [China.org.cn/Li Kang]More than 150 business executives, scholars ……
China auto sales rise 20.3 per cent in October
BEIJING, China – China’s auto sales rose 20.3 per cent in October from a year earlier, propelled by surging demand for sport utility vehicles. An industry group, the China Association of Automobile Manufacturers, reported Thursday…
China warns Trump against economic isolationism
warned a commentary by China’s official Xinhua News Agency, though it added that “election talk is just election talk”. The commentary also cautioned against any tilt towards intervention. The Chinese media in the past have…
China says U.S. has not told it about steel tariff-dodging probe
“To date, the U.S. has not informed China about this,” Shen Danyang told reporters at a routine news briefing. “Protectionism in international trade is gaining traction, and some countries are imposing increased restrictions on steel…
UK and China meet to talk trade
China is the world’s second largest economy … we build a truly global Britain that is open for business. That is the message I took to India this week, and that’s the message I will…
Donald Trump’s Victory Casts Shadow on Hollywood’s China Business
Donald Trump will be the first U.S. president since Ronald Reagan to have a star on the Hollywood Walk of Fame, but he didn’t win many friends in show business during the campaign. Deep-pocketed celebrities…
5 ways to prepare for your business trip to China
Whether you are launching a new branch of a company or attending an industry conference, business travel brings exciting new experiences and insight into cultural differences. After spending time both living in China and traveling…
