His appointment is being seen as an attempt to ensure continuity at the bank as Beijing continues to try and rein in growing debt and limit risky financial practices. He will take over a central…
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Iran peace plan proposed by China and Pakistan
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China is trying to play peacemaker in the Iran war – will it work?
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AP Exclusive: Pakistan and Afghan Taliban resume talks in China as Beijing seeks ceasefire
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Yi Gang named head of People’s Bank of China
China opts for policy continuity in new central bank chief
BEIJING (Reuters) – The appointment of central bank insider Yi Gang as the new People’s Bank of China governor signals continuity in policymaking, even as Yi is expected to have less room than his predecessor…
Beijing has the most young early birds
More than 60 percent of people born in 1990s do not get enough sleep, with those living in Beijing among those waking up earliest, a survey shows. Chinese Medical Doctor Association’s sleep medicine specialized committee…
China elects new economic team as President Xi kicks off second term
With Yi’s background and his reputation of being pro-reform, his nomination would be good news for foreign investors, Xie also said. Zhou, 70, who is China’s longest-running central bank head, having taken the job in…
China forms new economic team as President Xi kicks off second term
With Yi’s background and his reputation of being pro-reform, his nomination would be good news for foreign investors, Xie said. Zhou, 70, who is China’s longest-running central bank head, having taken the job in 2002,…
Relationship goals: Ford tries to rebuild trust with China partners
In an effort to improve relations and reverse a recent sales slump, Ford is preparing for a new product blitz and a campaign to localize management in China, according to Peter Fleet, head of Ford’s…
China names former missile force commander defense minister
BEIJING – China has appointed a former missile force commander as its new defense minister. Lt. Gen. Wei Fenghe’s naming as the international face of China’s rapid military modernization was among a series of appointments…
For China corn farmers, prices trump policy ahead of planting
BEIJING (Reuters) – China’s farmers are expected to plant more corn this year, eyeing higher prices and profits despite a push to reduce acreage devoted to the cereal under the government’s latest five-year plan. Corn…
China to increase property market regulation to fend off illegal conduct
BEIJING (Reuters) – China will step up property market regulation and fight off illegal conduct by property firms and intermediaries, housing minister Wang Menghui said on Monday on the sidelines of the annual parliament meeting.…
Yi Gang to head up China’s central bank
Getty Images Yi Gang at the 12th NPC March 2017 Beijing-born Yi Gang has been deputy governor of China’s central bank since 2008 1 US-educated economist Yi Gang has been named the next governor of…
Regulator shopping in vogue as China’s shadow banks evade Beijing’s grip
China’s banking regulator, which oversees trust lending … it’s difficult to prevent there being some looser bureaus and some stricter ones,” said one current Beijing-based regulator. ( read original story …)
Beijing to further optimize business environment
Beijing plans to further optimize the business environment, in a bid to stimulate market vitality and social creativity, the city announced at a press conference on March 18. The Beijing Municipal Commission of Development and…
China’s powerful central bank has a new leader
China’s Shanghai Composite stock index was trading flat Monday morning following the news. China’s central bank — like the US Federal Reserve — plays a key role in the smooth running of the country’s economy.…
