China’s State Council on Wednesday decided to further reduce and standardize business charges to lower the corporate burden in the real economy. The move is a key part of the drive to streamline administration and…
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China to further reduce business charges to lessen corporate burden
China's service trade deficit growth slows in 2016
BEIJING – China’s service trade deficit grew more slowly in 2016, as more Chinese people traveled overseas. The service trade deficit stood at $242 billion at the end of 2016, up 33 percent year on…
Open Sesame: China Announces Further Opening of the Economy
Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region.…
China's changing debt risks drive up bond futures volumes
SHANGHAI: Trading volumes in China’s typically sleepy bond futures market have exploded in recent months as investors seek to hedge the growing risks of rising interest rates and a volatile debt sector. Turnover of five-…
Germany's SAP sees opportunities for SME business
[Photo/VCG] German software company SAP SE will focus on small and medium-sized clients to grow its cloud business in China this year, after it posted its best-ever financial year in the region in 2016. SAP’s…
Trump breaks ice with China in letter to Xi
Chinese foreign ministry spokesman Lu Kang said his country attached great importance to the letter, Reuters news agency reports … Beijing on sensitive issues such as Taiwan and the South China Sea. He angered China…
Drunken man accused of setting fire to fireworks shop in China
Police in China have released security camera footage showing a man believed to be drunk, allegedly intentionally setting fire to a fireworks store. According to CCTV, the 45-year-old man had been drinking when he went…
China central bank warns bitcoin exchanges that violations could mean closure
SHANGHAI China’s central bank said on Thursday it met with nine of the country’s smaller bitcoin exchanges to discuss risks and problems in the bitcoin market, and warned them that they risk closure should they…
Trump may soon label China a currency manipulator, Deutsche Bank says
The Trump administration could soon move to label China a currency manipulator and impose penalties like higher taxes on Chinese imports. President Donald Trump has repeatedly bashed China, accusing the world’s second-largest economy of cheating…
Alibaba's Ant Financial to raise as much as $3 billion in debt: source
HONG KONG China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in debt to fund acquisitions and foreign investments, a person…
China's response to THAAD does not warrant South Korean action: minister
SEOUL South Korea’s finance minister said on Thursday China had not taken any retaliatory measures over plans to deploy a U.S. anti-missile system that warranted official action, although South Korea is ready to lodge a…
China central bank says warned bitcoin exchanges of closure risk on rule violations
The People’s Bank of China said in a statement on its website that it had told the exchanges during the Wednesday meeting not to take part in financial activities such as margin lending or allow…
China, U.S. help Pernod beat estimates, India lags
“We are not changing our guidance despite this headwind in India which is offset by a better-than-expected performance in China,” Chief Executive Alexandre Ricard told Reuters by phone. The owner of Absolut vodka, Martell cognac…
