But to improve financial security, Beijing needs to crack down much more heavily on the massive shadow banking system, which has grown exponentially in recent years. The trouble is that this could crimp bank lending,…
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China Will Further Open Its Economy and Deepen Reforms, Pledges Xi Jinping
(BEIJING) – China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will…
WhatsApp is blocked in China and VPNs are being hit as the Communist Party Congress begins
WhatsApp has been blocked in China while other communication platforms like WeChat have been disrupted, as the country’s Communist Party Congress began on Wednesday. CNBC confirmed the blockage with two producers in Beijing, who said…
China’s Xi Vows to Open Its Economy, Deepen Financial Reforms
China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will push ahead…
China Internet Nationwide Financial Services Inc. Announces Changes to Its Board of Directors
BEIJING, Oct. 18, 2017 /PRNewswire/ China Internet Nationwide Financial Services Inc. (CIFS) (“CIFS” or the “Company”), a leading financial advisory services company, today announced changes to its Board of Directors (the “Board”) with the appointment…
China’s Xi calls for more technology development
BEIJING (AP) — President Xi Jinping called Wednesday for the ruling Communist Party to lead development of Chinese technology industries, an area fraught with trade tensions and complaints that Beijing encourages theft of foreign know-how.…
The Latest: Xi calls for China to step up tech development
BEIJING — The Latest on the ruling Communist Party’s congress meeting in Beijing (all times local): 11:20 a.m. President Xi Jinping has called for China’s ruling Communist Party to step up technology development, an area…
Xi says China will continue to open its economy, deepen financial reforms
BEIJING (Reuters) – China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China…
Xi says China’s prospects are bright but challenges severe
BEIJING — Chinese President Xi Jinping proclaimed his nation … Other Chinese leaders have regularly warned since the 2008 financial crisis that China’s economic growth faces “downward pressure” due to weak global demand that threatens…
How China’s Financial Cracks Could Spread
Can financial turmoil in China play havoc with the rest of the world? It has already happened. On the first trading day of 2016, China’s central bank sent shockwaves around the world by sharply lowering…
Patently tough: Long road ahead for Qualcomm in China case against Apple
SHANGHAI/BEIJING (Reuters) – Qualcomm Inc wants to hit Apple Inc where it hurts most: iPhone sales in China – one of its biggest global markets where most of its flagship smartphones are made. The U.S.…
China central bank chief surprises with gravity-defying 7 pct H2 growth forecast
SHANGHAI/BEIJING: China’s central bank governor said the economy could grow 7 per cent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The uncharacteristically…
China’s shoppers turn Jack Ma’s Ant Financial into a debt giant
Now, tech giants led by Alibaba Group Holding Ltd’s finance affiliate are making money off the loans consumers use to buy those products. Amid surging demand from cash-strapped Chinese millennials, companies such as Ant Financial…
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