China Mobile, one of the nation’s biggest telecom and internet service suppliers, has launched a potentially lucrative e-platform to empower Party-building and military management. The product boosts … ( read original story …)
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China Mobile launches app on Party building
China Won’t Resort to Massive Stimulus but More Easing Seen: Central Bank Adviser Sheng
SHANGHAI/BEIJING (Reuters) – China will not resort … local media quoted a central bank adviser as saying in a report on Tuesday. The Chinese economy will face downward pressure in 2019, while … ( read…
China cuts tariffs on more than 700 goods as it works to open its economy
China has announced another round of tariff cuts, lowering import taxes on more than 700 goods starting Jan. 1 as part of its efforts to open up its economy and lower costs that the people…
Christmas celebrations in full swing in Beijing despite China’s festive crackdown
The familiar trappings of Christmas were gone from some Chinese cities, but at a shopping centre in central Beijing, the popular English Christmas carol that six-year-old Sisi sang with her kindergart… ( read original story…
China’s Ant Financial swoops on £500m WorldFirst
The payments group affiliated to Alibaba, China’s biggest internet company, is in advanced talks about a $700m (£550m) takeover of WorldFirst, a British currency exchange start-up. Sky News has learnt … ( read original story…
Chinese banks’ shares sink after Beijing reportedly tells them to control profit to support economy
Bank of Qingdao plunged 8.7 per cent … a newspaper run by the People’s Daily, on Thursday. Beijing has been stepping up efforts to stimulate economic growth, which has slowed sharply during the US-C… (…
Beijing vows to reduce meddling in trading after bad year for China stock market
“Beijing has eased the intensity of its crackdown on shadow banking, and has pumped ample liquidity into the interbank market. But the money is just circulating between banks [and not reaching the rea… ( read…
Resumption of Iran-China Banking Ties Runs into Snag: Official
On November 28, Asgaroladi said the hurdles in banking transactions between Tehran and Beijing have been cleared. “As of December 2, a Chinese bank will begin banking transactions with Iran,” he had a… ( read…
China’s central bank continues to inject funds into market
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, Aug 3, 2018. [Photo/VCG] BEIJING – China’s central bank continued to pump liquidity into the money market through … ( read…
Central Bank Gold Policies – People’s Bank of China
Although there is no official confirmation of gold storage arrangements, it is thought that the Chinese official gold reserves are vaulted in Beijing, China’s capital, and may be under the protection … ( read original…
China fourth-quarter business confidence index lowest since second quarter of 2017: central bank survey
BEIJING (Reuters) – Business confidence among … according to a survey by the People’s Bank of China published on Monday. The entrepreneurs’ confidence index dropped to 67.8 percent in … ( read original story …)
The rise and fall of bike-sharing company Ofo is a lesson for China’s tech investors
“It now appears bike sharing is the stupidest business, but the smartest brains of China all tried to get in,” Wu Shenghua, founder of now bankrupted bike-sharing company 3Vbike, told Reuters. “It rea… ( read…
China’s legislature takes up law to ban forced tech transfer
China’s legislature is considering a law to ban local governments from forcing foreign companies to hand over technology, an issue that helped to spark Washington’s tariff war with Beijing. ( read original story …)
