BEIJING, Feb. 5 — China’s inter-bank payment and settlement system passed a tough test on Lunar New Year’s eve as the Chinese zealously snatched lucky money in virtual red envelopes for good fortune. … (…
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China’s inter-bank payment system passes severe test on Lunar New Year’s eve
Trump will nominate David Malpass as new World Bank chief
He has pushed the World Bank to lend less to China, arguing the Asian nation has the financial resources to support itself, and has criticised Beijing for not moving fast enough to open up its…
Chinese bank techie finds ATM flaw that lets him withdraw $1 million
In a turn of events no lesser than a Hollywood flick, a senior programmer with a Chinese bank managed to dupe the company of $1 million USD over a period of two years. Qin Qinsheng…
China’s OBOR initiative a global security challenge: European experts
She observed that a huge challenge facing China would be the need to provide legal certainty for business, while also maintaining its political oversight of the judiciary. Andrew Small, Senior Transat… ( read original story…
China Mobile Wallet and Payment Market Opportunities Databook 2019 – Market Size and Forecast across 45+ Market Segments – ResearchAndMarkets.com
The “China Mobile Wallet and Payment Market Opportunities (Databook Series) – Market Size and Forecast across 45+ Market Segments” report has been added to ResearchAndMarkets.com’s offering. The mobil… ( read original story …)
Yanxi Palace: Why China turned against its most popular show
It was one of China’s most popular shows of 2018 – but it’s now being … authorities were as little pleased with the online debate as with the series itself. One post, by online news…
If China orders international students home, some Canadian schools face money trouble: agency
OTTAWA — Moody’s Investors Services says three of Canada’s biggest universities would face a cash crunch if Canada’s diplomatic row with China results in the world’s most populous nation … ( read original story …)
China’s multi-billion dollar media campaign ‘a major threat for democracies’ around the world
When the international arm of China Central Television (CCTV) news rebranded and became CGTN in 2016, Chinese President Xi Jinping urged the media organisation in a congratulatory letter to “tell Chin… ( read original story…
Renewed U.S.-China Trade Fears Shake-Up Financial Markets
U.S.-China trade relations dominated the news on Thursday with one White House official tempering the upbeat comments of President Trump and Treasury Secretary Mnuchin and amid reports that the … ( read original story …)
It’s time for China to grow up and leave the World Bank nest
THE WORLD BANK is a multilateral poverty-reduction institution, so it’s no surprise that World Bank loans played a significant role in China’s emergence from what was, before 1979, epic poverty. In 19… ( read original…
China has actually been closing for business for the last decade
China has actually been closing its economy for that last 10 years, and now it appears when the country would like to stop, it can’t. At least not without a significant amount of pain. When…
Donald Trump’s pick to head the World Bank means US-China rivalry has a new front: development aid
US President Donald Trump and his nominee to lead the World Bank, David Malpass, have an issue with the manner in which the bank and other multilateral development banks do business. Specifically, Mal… ( read…
David Malpass, US nominee for World Bank president and long-time China hawk, ‘will continue to take part in trade talks’
David Malpass, a China hawk who is US President Donald Trump’s nominee to become the World Bank’s new president, will continue to play a “very important part” in trade negotiations with Beijing, senio… ( read…
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