BEIJING (Reuters) – China’s banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday, as part of the government’s ongoing effort to promote investment in…
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China cuts banking red tape to rally foreign investment – Xinhua
Xi Jinping’s trusted confidant, Harvard-educated Liu He emerges as frontrunner for China’s central bank
BEIJING (Reuters) – Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People’s Bank of China…
China orders three insurers to fix overseas investment rule breaches
BEIJING (Reuters) – China’s insurance regulator said on Saturday it would force three major insurers to take steps to deal with overseas investments that had violated regulations, as Beijing intensifies its crackdown on risk in…
China seizes Anbang, charges dealmaking founder with fraud
Anbang’s rise in recent years was remarkable even by the standards of China’s booming insurance sector. And in many ways, the company’s business model was among the industry’s riskiest. Much of Anbang’s growth was tied…
China prosecuting Anbang insurance tycoon, who controls Waldorf Astoria hotel
A prominent business magazine, Caixin, said in May at least 30 billion … cool spending on foreign real estate and other assets they said did nothing to develop China’s economy. Following that, Anbang failed to…
China absolutely killing US on trade says Donald Trump
Very, very unfair,” he rued. “Even today, it’s extremely hard on companies that want to do business in China, because the barriers are incredible, whereas the barriers coming into our country are foolishly not. Foolishly.…
As business and tourism ties strengthen, Chinese media make strides in Cambodia
China’s rapid rise in the Kingdom has shaken up the traditionally … Chinese-language news outlets, like much of the Khmer-language press in Cambodia, rely on powerful local business interests to subsidise their operations. The Jian…
China upset as Interpol removes wanted alert for exiled Uighur leader
BEIJING (Reuters) – China expressed dissatisfaction on Saturday at Interpol’s decision to lift a wanted alert for an exile from its Uighur minority, a man China accuses of being a terrorist. Uighurs are a largely…
China’s Communist Party to meet on reform ahead of government reshuffle
BEIJING (Reuters) – China’s ruling Communist Party will hold a three-day meeting … who is also head of the party, the official Xinhua news agency said the party’s Central Committee would hold a plenary session…
BMW plans to build battery electric Minis in China
German automaker BMW says it’s in talks to build battery electric models of its Mini cars in China, which would be the first time the iconic cars have been made outside Europe. BMW said in…
Unicom mobile users up
China Unicom generated 2.87 million new mobile customers in January, bringing the total to 287 million as of the end of last month, according to the latest operational data released by the company. It lured…
Does China Not Need Israeli Technology Anymore?
This is the way it’s supposed to work: Israel (a tiny country with a world-renowned high-tech sector that isn’t especially competitive in manufacturing) teams up with China (a huge country that’s the world’s factory floor…
China’s tech industry catching up with Silicon Valley ‘faster than expected’: economist
China’s technology industry has been catching up with the United States far faster than expected, with e-commerce and mobile payments already overtaking America, The Economist reported. For example, China’s venture capital funding was less than…
