Through the move, the China EximBank hopes to help CRCC increase its core competitiveness in railway engineering and equipment manufacturing,and encourage outbound cooperation. CRCC, whose business scope covers virtually every aspect of engineering … (…
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China EximBank finances railway engineering, equipment manufacture
Beijing-backed investment bank to co-finance India’s power transmission project
Asian Infrastructure Investment Bank (AIIB) has planned to help India improve its power transmission network and expand the use of solar and wind energy with a loan of 100 million U.S. dollars. The loan approved…
PAH Takes Physical and Financial Toll on Both Patients and Caregivers, Chinese Survey Shows
Pulmonary arterial hypertension (PAH) impacts multiple aspects of patients’ and caregivers’ lifes, a new survey from China shows. The study, “The impact and financial burden of pulmonary arterial hypertension on patients and caregivers: results from…
China Sets 2019 Deadline for Electric Car Quota
China announced that they have set the deadline of 2019 to implement tough new sales goals for electric plug in and hybrids vehicles which lessens concerns about the previous time crunching deadline of next year.…
China’s Exchange Rate Policies and U.S. Financial Markets
Exchange rate stabilization or currency “pegs” are among the most prevalent interventions in international financial markets. Removing a peg to a safer currency can make the home currency more risky and less attractive to investors.…
Genworth to re-file proposed deal with China company; Says it is ‘evaluating options’ on debt.
Henrico County-based insurer Genworth Financial Inc. is facing more regulatory hurdles and another delay in its proposed $2.7 billion acquisition by a China-based company. Genworth, a seller of mortgage insurance and long-term care insurance with…
China’s northern cities face soot-free winter with gas revolution
As freezing winds whip across northern China this winter, Yao Guanghui is happy he’ll have one less chore to do: feeding the coal furnace that has long heated his small house on the outskirts of…
China Banks Surge on RRR Cut
The Hong Kong-listed shares of China’s big three banks surged on Tuesday, after China’s central bank revealed details of the targeted reserve requirement ratio (RRR) cut over the weekend. The Peoples’ Bank of China (PBoC)…
China Vows to Protect Entrepreneurs’ Property Rights
On September 25, top Chinese authorities — the Central Committee of the Chinese Communist Party (CCP) and the State Council — released a guideline on creating a favorable environment for entrepreneurs and boosting entrepreneurial spirit.…
Thailand seeks to change FTA with China
Thailand is seeking a review of the Thailand-China free trade agreement as the 0% import duty for electric vehicles could derail the country’s plan to attract foreign manufacturers. Kulit Sombatsiri, director-general of the Customs Department,…
National Day holidays and adventure-seeking tourists – China’s latest business and technology news
This week, over 700 million Chinese will be on the move, hitting the nation’s superhighways or boarding trains, planes, buses, and cruise ships to embark on National Day (国庆 guóqìng) vacations: ( read original story…
Warriors begin a hectic week in China, but ‘don’t feel bad for us’
(Anda Chu/Bay Area News Group) “It’s very easy to adjust when you stay … Thompson also traveled with the Warriors when they last played in China in 2013. Apparently, a 15-hour time difference, jet lag…
How crazy is China’s mobile pay?
Over the past five years, China has embraced a life on-line. Some expats here in China, as well as Chinese themselves have dubbed the phenomenon, China’s “Four New Great Internet Invention”! Same as the four…
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