When North Korean leader Kim Jong Un hitched a ride on an Air China plane to his summit with Donald Trump in Singapore, the signal was clear: Beijing remains Pyongyang’s diplomatic wingman. Kim had never…
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Xi Uses Summit, Parade and History to Flaunt China’s Global Pull
Red Star Over China early editions unveiled in Shanghai to mark WWII anniversary
3,977 Vehicles! Shenzhen Border Inspection Station’s Shantou Border Inspection Station Accelerates the Export of New Energy Vehicles
Signs of Chinese influence abound in Moscow before Putin’s Beijing visit
Who are the world leaders attending China’s upcoming summit and military parade
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Kim’s wingman: Air China flight shows Beijing’s influence
ZTE’s Near-Collapse May Be China’s Sputnik Moment
HONG KONG — Once derided as a technology backwater and copycat, China is justifiably proud of its technology boom. Its people zip around the country on high-speed trains. They can buy, and pay for, just…
Blocking Bitcoin: Why China’s Cryptocurrency Ban Could be Here to Stay
In a January memo, People’s Bank of China (PBOC) Vice Governor Pan Gongsheng urged the government to ban centralized trading of digital currency and prevent individuals and businesses from providing related services. “Pseudo-financial innovations that…
Xiaomi unveils big loss as it prepares to hawk IPO to investors
The company, led by billionaire co-founder Lei Jun, is said to be seeking about $10 billion in an IPO that could become the world’s … smartphones in the US and compete against Apple Inc. The…
Standard Chartered says it will apply to operate a virtual bank in Hong Kong
HKMA deputy chief executive Arthur Yuen said about 50 companies had expressed interest in applying for the virtual bank licence, while purely online lender WeLab and payment platform Yedpay! have separately told the South China…
Trap or treat? Funds to raise billions for tech IPOs in China
SHANGHAI (Reuters) – Asset managers began fundraising for six Chinese “unicorn” funds on Monday, offering retail investors a new investment channel but potentially straining tight market liquidity. The 300 billion yuan ($47 billion) they seek…
China’s Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering. That compares with a net loss of 43.89 billion…
China’s Xiaomi posts $1 billion first quarter loss ahead of blockbuster IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing. That compares with a net…
Chinese villages to get internet access by 2020
China had 1.08 billion 4G network users at the end of April, while fixed-broadband subscribers to the country’s three major telecom operators — China Telecom, China Unicom and China Mobile– reached 366 million. ( read…
Near-Collapse of ZTE May Be China’s Sputnik Moment
HONG KONG — Once derided as a technology backwater and copycat, China is justifiably proud of its technology boom. Its people zip around the country on high-speed trains. They can buy, and pay for, just…
Investors shrug off central bank’s monetary policy move
[Photo/China News Service] Bank stocks fall as PBOC’s quasi-easing on June 1 seen as being silent on rates The quasi-easing of China’s monetary policy on June 1 has not encouraged investors to raise their holdings…
Beijing’s tight grip on economy leaves tycoons on a tightrope
Like elsewhere in the world, mixing business with politics has pitfalls and even dangers. This is particularly so in China where, as the government’s stranglehold over the economy is still immense and the policymaking process…
North Korea seen looking to China, not U.S., for help in any economic transformation
As well as China, North Korea may also look to other economies where tight top-down control has been kept, including Vietnam or even the ‘chaebol’ business structures of South Korea, which could allow something closer…
