BEIJING, June 25 (Reuters) – China’s top audit body has identified some of the country’s biggest state-owned financial institutions as having evaded tax or having lax loan oversight, underscoring …
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China’s top auditor says major state banks have committed tax evasion or lending violations
China Unicom targets global growth
China Unicom announced on Wednesday that it has identified international expansion as a new growth engine and is working with global partners to enhance submarine cable systems, cross-border …
Exclusive – China to raise refined fuel export allowance in July, sources say
June 25 (Reuters) – China will raise the amount of refined fuel its state-owned refiners are allowed to export in July from June, three industry sources briefed on the plan said. China is one of…
China makes new US warship target for missile tests, images show
China has built a new US destroyer replica at a remote missile-testing site in its northwestern desert, satellite imagery shows, a target analysts say could be used to test anti-ship weapons.
China central bank to add tool to better manage short-term liquidity
SHANGHAI/BEIJING, June 25 (Reuters) – China’s central bank said it will debut overnight lending next week, offering reverse-repos to banks and brokers as it deepens control over what have been …
‘Salami slicing’: How China is trying to increase control in the Pacific
In a span of just a few weeks, China’s ships have carried out “law enforcement” activities farther from its mainland than ever before, mapped a highly sensitive seabed and conducted “research” inside …
China State Banks Called Out for Tax Evasion, Improper Loans
China’s top auditor flagged several of the nation’s largest state-backed financial institutions for tax evasion and improper lending as Beijing seeks to rein in financial risks.
China detentions widen Japan rare earth supply risks
China’s detention of Japanese workers over rare earth exports raises new supply chain, compliance and personnel risks for Asian manufacturers.
Strange new EV-makers keep appearing in China
Perhaps more surprising is that there are new entrants to the crowded Chinese EV market at all. No fewer than 143 EV brands sold at least one car last year. But 46 of them did…
NZ’s relationship with China takes stage at annual business summit
The 12th annual China Business Summit brings together business and political leaders to explore areas for cooperation amid deepening global uncertainty.
China’s crude imports plunge to lowest level since 2018
Chinese crude imports fell to their lowest level since 2018 as the country relied more heavily on strategic reserves and reduced purchases from major Middle Eastern suppliers, creating a bearish …
Nike Could Be Shaking Up Its China Business: Here’s How
Nike Inc.’s China business is in need of a shake-up — and the sportswear firm might have just figured out how to do it. December’s second-quarter earnings report saw declines in Greater China and the…
Island turns ecosystem into financial asset
According to the certification, in 2020, the island generated 6,248 short tons of carbon dioxide equivalent from energy use, agriculture and waste treatment, while its forests absorbed 7,717 short …
