BEIJING — China’s ruling Communist Party moved Tuesday to confirm Xi Jinping’s rise to becoming the country’s most powerful leader in decades by amending its constitution to add his name and ideology. Xi’s concept of…
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China’s Communist Party inserts Xi into party constitution
China’s Communist Party inserts Xi Jinping into party constitution
BEIJING – China’s ruling Communist Party has amended its constitution to add President Xi Jinping’s name and ideology in an extension of his formidable political sway. Xi’s concept of “socialism with Chinese characteristics for a…
China has grand ambitions to dethrone the dollar. It may make a powerful move this year
China is looking to make a major move against the dollar’s global dominance, and it may come as early as this year. The new strategy is to enlist the energy markets’ help: Beijing may introduce…
China Names Top Leaders, With One Notable Absence
The name of China’s powerful anti-graft chief was absent from the Communist Party’s new central committee, according to a list published by the official Xinhua News Agency, suggesting that President Xi Jinping is adhering to…
Money20/20 to launch in China
The host city of Hangzhou, in China’s Zhejiang Province, has been chosen based on its long-term commitment to the future of finance. It is also home to such financial innovators as Alibaba and LianLian Group…
China’s Entrepreneurs Squirm Under Xi’s Tightening Grip
BEIJING — Guo Junwen was a successful property developer in southwestern China when the authorities threw him behind bars three years ago on charges involving land use and seized his business. Now free, Mr. Guo…
China’s Xi accrues power, worrying critics and delighting supporters
Nor did the displays charting China’s climate change progress or other technological advancements. Instead, it was an exhibit showing how Xi has locked up thousands of corrupt officials that drew his approval. “We finally have…
China’s tech titans break into finance
China has written the book on mobile payments. Where else would you see people going days without pulling a single note from their wallet? As a result, China’s third party mobile payments market is huge.…
Better Buy: Yum Brands or Yum China?
Last November, Yum China (NYSE: YUMC) started trading on the New York Stock Exchange after being spun off of Yum Brands (NYSE: YUM). Yum China shares surged nearly 70% since that split, but Yum shares…
China’s New Antipollution Push Could Cool Its Growth Engine
BEIJING — Through the last four decades, China has achieved breathtaking economic growth at the cost of smoggy skies, fetid streams and lakes of dying fish. Now China is undertaking one of its most extensive…
China’s US$150 billion tax cut: Beijing claims headway in cutting business burden
China will cut the burden on business by at least 1 trillion yuan (US$150 billion) this year through its new value-added tax regime and fee cuts, Chinese Finance Minister Xiao Jie forecast on Monday. In…
China flexes military muscle with rare pictures of its latest stealth fighter jet which is said to be built based on US war plane plans ‘stolen by hackers’
China’s latest J-20 stealth fighter jets were confirmed to have been commissioned into military service recently, reported state-run Xinhua News Agency. Wu Qian, a spokesperson of the Ministry of National Defense said at a press…
Unicom, Alibaba to expand collaboration in cloud computing services in China
China Unicom, the world’s sixth-largest mobile network operator by number of subscribers, and e-commerce powerhouse Alibaba Group Holding plan to ramp up their collaboration in cloud computing services. The partial privatisation of Unicom’s parent ……
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