RETURN OF STATE BANKS The student loan problem is just a small part of China’s massive financial system, but public anger over the practices of loan companies has prompted the government to act. Guo Shuqing,…
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After spate of suicides, China targets predatory student lending
Luxembourg ‘offers financial gateway to Europe’ for China
Global Times reporter Ma Jingjing (GT) interviewed Luxembourg for Finance CEO Nicolas Mackel (Mackel) about the country’s role in China’s financial presence in Europe, given that some European countries, including Luxembourg, are trying to attract…
Commerce Secretary Wilbur Ross praises China’s ‘gigantic’ step on North Korea
China is “quite serious about living up to the commitments they have made regarding North Korea,” U.S. Commerce Secretary Wilbur Ross said on Wednesday. The order for Chinese lenders to stop doing business with Pyongyang…
China still stocking up on metals and credit, private survey says
S&P Global Ratings downgraded China’s long-term sovereign credit rating to A+ from AA- last week based on “increased” risks to the economy and financial system from China’s “strong credit growth.” The move followed a similar…
Ivanka Trump’s business ties in China are shrouded in secrecy
It is no secret that the bulk of Ivanka Trump’s merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes and clothes is more secret than ever, according to an…
Commerce Secretary Ross tells China to guarantee fairness for U.S. firms
BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross said China needed to “guarantee fair and reciprocal treatment for U.S. firms” as he tried to strike an upbeat tone on a visit to Beijing amid trade…
China urges N. Korea, US to stop escalating war of words
Warning there would be “no winner” in the event of a conflict on the Korean Peninsula, China on Tuesday urged North Korea and the United States to stop their escalating war of words and sit…
Beijing moves financial court to economic hub
A court specializing in financial dispute cases was moved Tuesday to Beijing’s financial street, where banks, security firms, and consultancies are clustered. The Financial Street People’s Court was moved from the Xicheng district court’s compound…
US commerce secretary strikes upbeat tone on Beijing visit
HONG KONG (AP) — U.S. Commerce Secretary Wilbur Ross said Tuesday there was a good tone during his trip to Beijing to meet Chinese officials in advance of President Donald Trump’s visit later this year…
Trump, Beijing won’t ground US deals: HNA chief
It’s faced regulatory hurdles at home, seen its ownership structure brought into question and must contend with a White House populist detrmined to keep American businesses out of Chinese hands. Yet the CEO of China’s…
Ivanka Trump’s business ties in China remain shrouded in secrecy
SHANGHAI—It is no secret that the bulk of Ivanka Trump’s merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes and clothes is more secret than ever, an Associated Press…
BRIEF-Alibaba Health Information Technology says Alibaba Health entered agreement with Taobao China
* Total amount of fees payable by Taobao China for provision of tracking services shall not be more than RMB9.0 million Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com) Our Standards:The Thomson Reuters Trust Principles.…
China to hire more local workers, transfer technology to Pakistan under CPEC: Global Times
Pakistan has enjoyed a firm relationship with China for more than 60 years. However, in terms of bilateral cooperation related to the Belt and Road (B&R) initiative, many Pakistani media reports have alleged that these…
