BEIJING: Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on US e-commerce platforms this year, the official Xinhua news agency … (…
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Bank of China to enable payment in yuan on US e-commerce platforms
China’s banking regulator imposes record high penalties in 2018
BEIJING, Jan. 12 (Xinhua) — China’s banking watchdog imposed over 3,800 penalties in 2018, a record high. Lending to the real estate sector is a key area for regulation, with over 30 banks punished f……
Rare sight of robin in Beijing causes stir and Brexit jokes
The rare appearance of a European robin in Beijing has caused a stir among Chinese nature fans. Hundreds of bird-watching photographers flocked to the Beijing Zoo last Friday after word spread that a … (…
China’s 2018 trade surplus with U.S. hits record high US$323B
China’s global exports rose 7.1 per cent to $2.5 trillion in … “The external environment is still complicated and severe,” a customs agency spokesman, Li Kuiwen, said at a news conference. Li cited … (…
December trade report shows China’s exports drop, raising risks for global economy
China’s exports unexpectedly fell the most in two years in December and imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019 and deteriorating … ( read original story …)
Automakers in China brace for another bumpy ride after tough 2018
Companies such as homegrown Geely (HKSE:0175.HK – News) and Britain’s biggest automaker Jaguar Land Rover have in recent days flagged caution about China sales in 2019, hit also by Beijing’s trade war … ( read…
China Doubles Foreign Investment Limit, Further Opening Markets
Bloomberg LP, which operates the index, is the parent company of Bloomberg News. Wang said China doubled the quota even though the current limit hasn’t been used up because MSCI may raise foreign inve… (…
Look to US, not China for the 2019 financial crisis. Here’s why
After a panicked end to 2018 in the financial markets, and a jittery start to the new year, an increasing number of investors, analysts and economists are beginning to warn about “the crisis of 2019”,…
China Official Wants to Scrap First-Day Trading Cap for IPOs
(Bloomberg) — A top official at China’s securities regulator recommended removing a limit on how much a stock can gain on its trading debut, days after authorities pledged to further open up … ( read…
If China Tech Thought 2018 Was Bad, Wait Till This Year Unfolds
China’s deceleration will create ripple effects across the … Things started going off the rails in the second half of last year as Huawei Technologies Co. finance chief Meng Wanzhou and JD.com Inc.’ … (…
Trump Has Secret Allies in China
Today, China’s industrial ambitions get scant mention in the media … Meanwhile, the government, trying to head off a potential financial crisis, has been cracking down on the shadow banks where smal… ( read original…
Local brands win Chinese consumers
[Provided to China Daily] In terms of reputation and popularity, Chinese brands are rapidly catching up with their foreign counterparts in China on the back of ever-improving designs, trusted … ( read original story …)
Canada’s business ties with China must be shielded from diplomatic spat: business lobby head
Goldy Hyder, president and CEO of the Business Council of Canada, told The West Block‘s Mercedes Stephenson that he recently met with ambassador John McCallum and that the pair discussed various … ( read original…
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