BEIJING (Reuters) – A Finance Ministry official confirmed China’s defence budget will rise 7 percent in 2017, to 1.044 trillion yuan ($151.43 billion), state media said on Monday. The official Xinhua news agency gave the…
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China confirms seven percent increase in 2017 defence budget
China's New Finance Minister Jie to Outline Tax Reforms
Mar.06 — Bloomberg’s Tom Mackenzie reports on what to expect from China’s new finance minster Xioa Jie who took office in November. Mackenzie speaks on “Bloomberg Daybreak: Asia.” ( read original story …)
Beijing looks for edges on cooperation with Trump
J Berkshire Miller is the director of the Council on International Policy. On February 28, China’s top diplomatic envoy, Yang Jiechi, visited the White House and met top US officials, including Vice President Mike Pence,…
Is China retaliating against Lotte missile deal?
China is a crucial market for many South Korean companies, and the food and retail giant Lotte is no exception. The fifth biggest firm in South Korea gets an estimated 30% of its sales from…
Beijing Is Preparing To Replace Its Entire Taxi Fleet With Electric Cars
Authorities in Beijing are working on a plan to replace all of the city’s taxis with electric vehicles. The plan of action to convert the city’s cabs from gasoline to electricity is aimed at controlling…
China Mobile to cancel domestic roaming tariffs from October
China Mobile today said it will cancel all handset domestic long-distance and roaming tariffs from 1 October 2017. In addition, China Mobile, the largest telecom operator in the world, will reduce the dedicated Internet access…
Beijing Auto's green car unit plans IPO in 2018
BEIJING The green energy car subsidiary of Chinese automaker Beijing Automotive Group [BEJINS.UL] plans an initial public offering in 2018, Chairman Xu Heyi said on Monday, adding that the unit should be profitable that year.…
Beijing Auto's new energy unit plans IPO in 2018: group chairman
China has aggressively promoted battery electric and plug-in hybrid cars, including spending billions of dollars in subsidies, in an effort to cut heavy urban smog and promote technological innovation in its auto sector. Xu said…
China's telecom firms to end roaming fees, offer corporate pricing incentives in network push
China Telecommunications Corp, China Mobile Communications Corp [CHNMC.UL] and China United Network Communications Group Ltd [CHNUT.UL] will end inter-province roaming fees by October, the chairmen of the three firms told reporters in Beijing on Monday.…
Interview: China's science and technology sector on the rise: expert
SYDNEY, March 6 (Xinhua) — China’s science and technology sector has been surging forward rapidly over the past decade, according to a leading Australian scientist. Professor Andrew Dempster, director of the Australian Centre for Space…
China's premier says cities pressured by rising prices need to boost land supply
China is looking to keep the property market stable this year after prices of new homes soared 12.4 percent last year, the most since 2011. Local authorities in more than 20 cities have introduced curbs…
China finance ministry releases $151 billion defense budget
BEIJING (AP) — China’s finance ministry said Sunday that the country’s defense budget this year will top 1 trillion yuan ($145 billion) for the first time, after the exact figure was initially kept out of…
De Beers fights fakes with technology as China’s lab-grown diamonds threaten viability of the real gems
The spread of synthetic diamonds in China, originally designed for industrial purposes such as oil drilling, is posing such a threat to the global diamond market that it has forced dominant player De Beers to…
