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…
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Relationship goals: Ford tries to rebuild trust with China partners
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.…
China appoints US-trained central banker
BEIJING – A U.S.-trained economist was appointed Monday to succeed the longtime governor of China’s central bank, Zhou Xiaochuan, at a time when the ruling Communist Party is trying to reduce financial risks and surging…
New China central bank governor: China should keep financial sector stable
BEIJING (Reuters) – Newly elected People’s Bank of China Governor Yi Gang said on Monday that the most important task is to implement prudent monetary policy, while at the same time pushing forward financial reform…
China’s ‘silver fox’ foreign minister promoted
BEIJING (Reuters) – Chinese Foreign Minister Wang Yi retained his job and was also promoted to a state councillor on Monday, meaning he now has the country’s two top diplomat roles, in a vote of…
China elects key economic team, Xi confidante Liu He named a vice premier
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…
US-educated Yi Gang becomes head of China’s central bank
US-educated economist Yi Gang has been named the next governor of China’s central bank, replacing Zhou Xiaochuan. Mr Yi joined the People’s Bank of China (PBOC) 20 years ago and has been its deputy governor…
