China targets $290 billion investment in tourism by 2020

BEIJING (Reuters) - China aims to invest 2 trillion yuan (229.23 billion pounds) in tourism by 2020, the country's state planner said on Wednesday. The National Development and Reform Commission (NDRC) said China also aims for the total sum of tourism ... ( read original story ...)

China says damage to "one China" principle would impact peace

BEIJING, Dec 14 (Reuters) - China's Taiwan Affairs Office said on Wednesday any interference with or damage to the "one China" principle would have a serious impact on peace and stability in the Taiwan Strait. U.S. President-elect Donald Trump said on ... ( read original story ...)

The lengthening shadow of China’s banking sector

As China’s real estate sector experiences another asset price bubble, authorities are attempting to let the air out. The central government has cracked down on peer-to-peer lending companies that are extending down payment loans online. The regulation ... ( read original story ...)

China’s yuan firms as state banks sell retreating dollar

The People's Bank of China set the midpoint rate at 6.8934 per dollar prior to market open, firmer than the previous fix of 6.9086. The spot market opened at 6.9015 per dollar and was changing hands at 6.9007 at midday, -79 pips away from the previous late ... ( read original story ...)

China's Minsheng takes on U.S. funds in bidding for Novo Banco

LISBON China's Minsheng Financial Holding ... while an Apollo-Centerbridge combination and Lone Star have also made bids for all of the bank, the sources said on Tuesday. Portugal salvaged the "good bank" in a 4.9-billion-euro rescue of BES, which ... ( read original story ...)