SHANGHAI Healthy financial institutions are a prerequisite for preventing a financial crisis, and further opening will help build a strong and competitive financial sector, China’s central bank governor Zhou Xiaochuan said on Tuesday. Speaking at…
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Protectionism hurts China’s financial sector, opening helps: PBOC’s Zhou
Protectionism would compromise China’s financial sector, says PBOC governor
China’s financial services industry had benefited from opening up, and must continue to do so, said PBOC governor Healthy financial institutions are a prerequisite for preventing a financial crisis and further opening will strengthen the…
China hopes fourth time is the charm for MSCI inclusion
China’s benchmark Shanghai Composite Index has struggled this year amid a government campaign to cut risk in the financial sector and waning interest by the nation’s army of individual investors. The gauge has fallen more…
China propels rise of electric ultra-high-performance cars
The ventures mix U.S. and European technology with Chinese money and manufacturing, reflecting this country’s rise as a market and investor for an industry where Beijing wants a leading role. Communist leaders see electric vehicles…
China sets new record for quantum entanglement en route to build new communication network
While the spectre of a communication network enabled via quantum satellites is still a long way off, as China edges closer to the goal it has led to predictions of a new space race. Quantum…
S. Korea Finance Chief Hopeful of Easing Tensions With China
South Korea’s new finance chief said he hopes China and his country can put aside their political rift to forge closer economic ties, and bring about an early end to China’s action against Korean companies…
China pushing rise of electric ultra-high-performance cars
Communist leaders see electric vehicles as a way to clear China’s smog-choked cities and as an engine for economic development. “We really haven’t seen non-Chinese companies get into this super-technology market,” said Chris Robinson, who…
China cracks down on moneylenders targeting students
China is cracking down on online moneylenders who target university students, following concerns about the largely unregulated industry. A recent government directive has ordered such lenders to suspend all activities wooing student borrowers. The move…
New Beijing Chief Vows to Finally Win Fight Against Pollution
Beijing’s new top official vowed to tackle the city’s smog problem, a simmering cause of discontent among China’s expanding middle class. Cai Qi, the Communist Party chief in the capital, told a gathering of local…
China Unicom 4G subscriber base reaches 133.37 mn
China Unicom said its 4G subscriber base has reached 133.37 million by adding 5.62 million users in May 2017. China Unicom has 268.35 million total mobile subscribers. It added 1.05 million mobile phone users to…
Dead ends on the new Silk Route: Why business with China is risky business
On paper, China’s ambitious initiative to create a network through South Asia, the Middle East, Africa and Europe by building land and sea links appears an ideal vision to boost global trade and create infrastructure…
METALS-London copper edges up on buoyant China property
(Adds comment, detail, updates prices) MELBOURNE, June 19 (Reuters) – London copper climbed on Monday after China’s property market remained robust in May, but analysts expected prices to stay trapped in a range over the…
Why China is set to spend US$411 billion on 5G mobile networks
Mainland China is expected to see total investments on 5G mobile networks reach 2.8 trillion yuan (US$411 billion) in the period from 2020 to 2030, which could mark the country’s most expensive build-out of telecommunications…
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