China to merge state media for stronger voice in financial news

BEIJING China is set to consolidate five state media companies to create a "modern financial media group" to increase the state's voice in economic and financial news coverage, the state-run Xinhua news agency said on Wednesday. Since taking power in 2012 ... ( read original story ...)

China Mobile Picks Nuage Networks SDN for Public Cloud

However, AWS is not built on OpenStack, while China Mobile’s public cloud is. Outside the United States, OpenStack is more popular as a public cloud platform, according to recent findings from Forrester Research. Ferland says one of the most significant ... ( read original story ...)

Ericsson and China Mobile collaborate on Cloud RAN

Ericsson (NASDAQ: ERIC) has signed a Memorandum of Understanding (MoU) with China Mobile Research Institute (CMRI), the research division of China Mobile, to initiate the collaborative research and development of Cloud RAN. China Mobile, the world's ... ( read original story ...)

China’s Banking Giants Try to Snatch Share of Mobile Payments

BEIJING—China’s financial giants are lumbering into the country’s increasingly important mobile-payments market, hoping to shake the domination of nimble tech firms such as Alibaba Group Holding Ltd. affiliate Ant Financial and Tencent Holdings Ltd ... ( read original story ...)

China faces a rock and a hard place amid yuan volatility

China's central bank does not allow the currency to move more ... Chinese regulators introduced new rules, which will take effect in July, requiring financial institutions on the mainland to report domestic and overseas cash transactions of more than ... ( read original story ...)

AGCO bets big on China

One of the world’s largest farm equipment manufacturers is predicting a bright future in China, and it is putting its money behind that belief. AGCO, parent company of well-known brands Massey Ferguson, Fendt, Valtra, GSI, and Challenger, has opened a ... ( read original story ...)

China's R&D spending estimated to reach 2.1 pct of GDP in 2016

BEIJING, Jan. 10 (Xinhua) -- China's investment in research and development (R&D) is expected to reach 1.54 trillion yuan (around 223 billion U.S. dollars) in 2016, accounting for 2.1 percent of GDP, according to Science and Technology Minister Wan Gang. ( read original story ...)

China Poised to Dominate Fintech and Blockchain Markets in 2017

But interest has been escalating, partly fuelled by the second Global Blockchain Summit held in September 2016 in Shanghai and China’s Ministry of Industry and Information Technology has also organised a special government-industry working group to ... ( read original story ...)