Two conflicting factors motivate Chinese consumers: They want to project their status, but they also want to protect their economic and social interests. This conflict is clear in the rhythms of daily life in China. Passion for luxury brands, over-the-top ... ( read original story ...)
China business confidence index rises in Q2 – c.bank survey
BEIJING, June 20 (Reuters) - Business confidence among entrepreneurs in China improved in the second quarter of 2017 from the first quarter, according to a survey by the People's Bank of China published on Tuesday. Another central bank survey showed ... ( read original story ...)
Protectionism hurts China’s financial sector, opening helps: PBOC’s Zhou
SHANGHAI Healthy financial institutions are a prerequisite for preventing a financial crisis, and further opening will help build a strong and competitive financial sector, China's central bank governor Zhou Xiaochuan said on Tuesday. Speaking at an annual ... ( read original story ...)
Protectionism would compromise China’s financial sector, says PBOC governor
China's financial services industry had benefited from opening up, and must continue to do so, said PBOC governor Healthy financial institutions are a prerequisite for preventing a financial crisis and further opening will strengthen the sector, said Zhou ... ( read original story ...)
China hopes fourth time is the charm for MSCI inclusion
China’s benchmark Shanghai Composite Index has struggled this year amid a government campaign to cut risk in the financial sector and waning interest by the nation’s army of individual investors. The gauge has fallen more than 4 per cent since its mid ... ( read original story ...)
China propels rise of electric ultra-high-performance cars
The ventures mix U.S. and European technology with Chinese money and manufacturing, reflecting this country's rise as a market and investor for an industry where Beijing wants a leading role. Communist leaders see electric vehicles as a way to clear China ... ( read original story ...)
China sets new record for quantum entanglement en route to build new communication network
While the spectre of a communication network enabled via quantum satellites is still a long way off, as China edges closer to the goal it has led to predictions of a new space race. Quantum technology has been a major focus of China’s five-year economic ... ( read original story ...)
S. Korea Finance Chief Hopeful of Easing Tensions With China
South Korea’s new finance chief said he hopes China and his country can put aside their political rift to forge closer economic ties, and bring about an early end to China’s action against Korean companies as part of retaliation for Seoul’s ... ( read original story ...)
China pushing rise of electric ultra-high-performance cars
Communist leaders see electric vehicles as a way to clear China's smog-choked cities and as an engine for economic development. "We really haven't seen non-Chinese companies get into this super-technology market," said Chris Robinson, who follows the ... ( read original story ...)
China cracks down on moneylenders targeting students
China is cracking down on online moneylenders who target university students, following concerns about the largely unregulated industry. A recent government directive has ordered such lenders to suspend all activities wooing student borrowers. The move ... ( read original story ...)