SHANGHAI (Reuters) - China's central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of a tightening policy bias as the economy shows signs of steadying. ( read original story ...)
China net 2016 outflows at record $725 billion: IIF
LONDON Capital outflows from China surged last year to a record $725 billion and could pick up further if U.S. firms face political pressure to repatriate profits, the Institute of International Finance said on Thursday. The Washington DC-based group ... ( read original story ...)
Beijing's tight new currency curbs could affect Vancouver real estate
Beijing’s tight new currency rules designed to make it more difficult for overseas property purchases have Metro Vancouver real estate wondering if the effect will be a further slowdown of the local housing market. The new edict demands a written pledge ... ( read original story ...)
Beijing receives over 2 bln cubic meters of water from Yangtze
Beijing has received more than 2 billion cubic meters of diverted water from the Yangtze River, benefiting 11 million residents, authorities have said. Beijing has received more than 2 billion cubic meters of diverted water from the Yangtze River ... ( read original story ...)
Beijing hutong gets facelift to bring out traditional character
One of Beijing's most famous hutongs is claiming back its ancient character and shaking off the commercial vibe that has, as of late, characterized it after months-long renovation. Nanluoguxiang is a must-visit for anyone who either sets foot in Beijing or ... ( read original story ...)
Chinese firms eye Pakistan amid Beijing’s ‘Silk Road’ splurge
BEIJING: Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route across the South Asian nation. ( read original story ...)
Asia stumbles as Chinese markets fall after Beijing tightens policy
Asian stocks dipped on Friday as Chinese markets fell after Beijing unexpectedly hiked short-term rates, adding to lingering anxiety over global growth in the wake of U.S. President Donald Trump’s aggressive policies on trade and international relations. ( read original story ...)
China Understands The Limits Of Financial Engineering
When China published “Some Measures to Expand China’s Openness and Aggressively Utilize Foreign Investment Capital,” a lightbulb went on in my head: China finally “gets” the limits of financial engineering and will return to first principles. ( read original story ...)
Philippines, China to explore hybrid financing of projects
Finance Secretary Carlos Dominguez III said that Gao Hucheng, China’s Commerce minister, welcomed the proposal of the Philippines to finance projects submitted to Beijing with multilateral lending institutions such as the Asian Development Bank (ADB ... ( read original story ...)
China flexes its military muscle as it showcases a mighty ballistic missile force which is 'ready to strike any targets at any time'
China has displayed its military might as the country celebrates the Lunar New Year. CCTV News, the state television station, broadcast a short clip last week showcasing China's Rocket Force, a part the People's Liberation Army (PLA) which handles the ... ( read original story ...)