CHANGSHA, Dec. 26 (Xinhua) — Sany Group, the parent company of heavy machinery manufacturer Sany Heavy Industry Co. Ltd, on Monday led a group of ten private companies in setting up a commercial bank. The…
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China's outward investment tops $161 billion in 2016 – minister
BEIJING (Reuters) – China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan (131.30 billion pounds) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce Minister Gao…
China promises strong support as Sao Tome pitches for business
BEIJING China promised strong support on Monday for its newest friend in Africa, the former Taiwan ally Sao Tome and Principe, whose foreign minister made a pitch for Chinese firms to invest in his “tranquil”…
China's first aircraft carrier in Western Pacific drill
Reuters news agency reported. Japan’s defence ministry said it spotted the Liaoning as part of a fleet of eight Chinese warships that included destroyers and frigates, in the central part of the East China Sea.…
China successfully tests EmDrive technology
China has successfully tested the potentially revolutionary spacecraft technology EMDrive in its labs, Dr. Chen Yue, the Director of Commercial Satellite Technology for the China Academy of Space Technology (CAST), announced. While traditional spacecraft ……
'China could overtake US air superiority using hacked American technology'
The technology that went into China’s new J-20 jet fighter was stolen and diverted from export licenses the Commerce Department issued over a decade ago despite Defense Department objections, former Pentagon official Michael Maloof told…
China needs to regulate 'money gates' but guard against financial stress: state media
BEIJING (Reuters) – China needs to keep financial market liquidity stable and regulate its “money gates” to prevent asset bubbles, but it also needs to ensure a lack of liquidity doesn’t cause financial stress, according…
China's 1st Aircraft Carrier Heads for Western Pacific
China’s first aircraft carrier has set off for the Western Pacific for an open-sea training exercise, the Defense Ministry said. State media said it is the first time that the Liaoning, which was commissioned by…
Beijing to take more steps to cool residential property market: Xinhua
BEIJING Beijing, one of China’s hottest residential real estate markets, will step up property controls to keep home prices stable next year, the official Xinhua news agency reported on Sunday. Stoked by speculators, home prices…
The Cancer In The China Banking System Will Metastasize Globally
What is the problem and how big can it be? The size of nonperforming loans relative to capital is many times worse than the U.S. banking problem in 2008. There is only one solution that…
China's money rates decline as liquidity pressure eases
SHANGHAI, Dec 23 China’s primary money rates, which rose at the start of this week, were largely lower on Friday as liquidity tightness eased after fund injections by the central bank and progress resolving a…
‘Made in China’ label no longer cheap and nasty
Meanwhile, China’s booming middle class is demanding quality and sophistication, and that could mean a $140 billion payday for the Australian economy, experts predict. Rich Chinese are now the target customer for any Aussie business,…
China’s Fluctuating Mobile Market And Future Trends
China’s mobile market is by a comfortable margin the largest in the world, with over 1.3 billion monthly mobile subscribers across the three carriers. It is understandable then that short term trends and fashions can…
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