BEIJING, China – China’s central bank raised short-term interest rates Thursday following the U.S. rate increase as Beijing tries to shore up the value of its currency and stanch an outflow of money. The People’s…
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China raises short-term interest rate follow US increase
US to confront trade partners at global finance meeting
Last year’s gathering of the Group of 20 finance ministers in Chengdu, China, issued a statement opposing “all forms of protectionism.” This time, such unequivocal language could be softened to refer to trade that is…
China lifts short-term rates for third month straight to steady yuan, battle debt
“The higher U.S. rates and tightening of U.S. monetary policy could trigger further capital outflows and have some negative impact on China’s financial system,” Nomura economist Yang Zhao said. “I think they want to stabilise…
Saudi king's visit highlights China's Middle East engagement
BEIJING — A visit to Beijing by Saudi Arabia’s King Salman is highlighting China’s budding engagement with the Middle East, which provides a crucial source of energy to fuel its economy and represents a key…
China consumer day show skewers Nike shoes, Muji foods
SHANGHAI: China’s annual consumer rights day TV show turned its spotlight on U.S. sports brand Nike Inc for misleading advertising and Japanese brand Muji for selling food products allegedly sourced from part of Japan affected…
Manulife gets green light to cater to investors in China
Manulife Financial Corp has been granted a licence that will allow it to launch investment products in China through a wholly-owned local subsidiary, as Beijing further liberalizes its capital markets. Canada-based Manulife said on Wednesday…
Booking.com investing in China with confidence
Q. What do you think of China’s economic growth target of about 6.5 percent this year, amid the sluggish global recovery? What business opportunities do you see coming from sectors that will be opened to…
No evidence yet for official response to China in missile spat – South Korea finance minister
SEJONG, South Korea: South Korea does not have firm evidence that China has retaliated for Seoul’s deployment of a U.S. missile defence system so no action has been taken against Beijing yet, South Korea’s finance…
China Unicom tightens belt as profits plunge
HONG KONG — Struggling to gain a foothold in China’s fourth-generation (4G) wireless telecommunication markets, Beijing-based China Unicom reported lackluster results on Wednesday and plans to cut back outlays in preparation for its next move.…
In China, brands scramble ahead of “315” consumer day show
SHANGHAI, March 15 (Reuters) – Chinese and global firms steeled themselves on Wednesday ahead of the country’s annual consumer rights day TV show, an evening gala from China’s state broadcaster that can have brands and…
China's Name-and-Shame TV Show Puts Household Brands on Edge
Household brands in China are bracing for the government’s version of public-service journalism — the annual program on state-run TV that uses hidden cameras to highlight what the network calls companies’ unfair practices against consumers.…
China Unicom says removal of domestic roaming fees will trim 1.6bn yuan in quarterly revenue
China Unicom, the world’s sixth-largest mobile network operator by subscribers, has estimated the cancellation of domestic roaming fees will cost it about 1.6 billion yuan (US$231 million) in lost revenue each quarter, which may complicate…
Australian woman badly burned when her HEADPHONES exploded in her face on a flight from Beijing to Melbourne
A woman who was travelling to Melbourne has received burns to her face after the pair of battery-operated headphones she was wearing exploded mid-flight. The woman was sleeping two hours into her flight from Beijing…
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