Top of the agenda for China’s financial regulator in 2017 is to deflate various economic bubbles without crushing them. The steepest yuan depreciation in more than two decades, runaway house prices, booming bad loans, and…
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China's Vanke strengthens hand against takeover bid
Shares in China’s biggest property firm, Vanke, surged Friday after it announced a stock-holding shift that could end a bid by private conglomerate Baoneng to pull off the country’s first hostile blue-chip takeover. Vanke’s leadership…
China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount
China’s top leaders pledged last month to stem the growth of asset bubbles in 2017 and place greater importance on preventing financial risk, even as some global financial experts warned the nation’s debt load is…
Weightlifting: China faces one-year ban after trio stripped of Beijing golds
BERLIN (Reuters) – China faces a one-year ban from international weightlifting competitions after three of its athletes were stripped of their 2008 Olympic gold medals on Thursday following re-tests of samples from the Beijing Games.…
China's media is about to go to 'war' Russia style
The network will be called CGTN. At the same time, Xinhua, China’s official state news network, will consolidate a bunch of outlets under a new umbrella to focus its financial-reporting efforts. China Securities Journal, Shanghai…
China Vanke shares jump as ally Shenzhen Metro becomes No. 2 shareholder
HONG KONG (Reuters) – Shares in China Vanke , at the centre of a high-profile corporate … It remains to be seen if the sale will help Vanke fend off its biggest shareholder, financial conglomerate…
Taiwan slams Nigeria, Beijing over trade office snub
For years, China and Taiwan were locked in a bitter diplomatic tug-of-war, luring away each other’s allies with generous financial packages in so-called “chequebook diplomacy”. Diplomatic tussles between the two had eased under Taiwan’s previous…
China rejects U.S. trade claims, says outlook challenging, complicated
BEIJING (Reuters) – China’s commerce ministry said on Thursday it will “try all methods” to stabilise trade in what it sees as a challenging and complicated trade outlook this year. Commerce Ministry spokesman Sun Jiwen…
China vehicle sales to grow 5 percent in 2017 as tax cut reduced
BEIJING(Reuters) – China’s vehicle sales jumped 13.7 percent in 2016, the fastest pace in three years, thanks to a tax cut on small-engine cars but growth is expected to slow this year as the incentive…
China banks extend record 12.65 trillion yuan in new loans in 2016
China’s top leaders pledged after a key meeting last month to stem the growth of asset bubbles in 2017 and place greater importance on the prevention of financial risk, while keeping a “prudent and neutral”…
China banks extend record 12.65 trln yuan in loans in 2016 as debt worries mount
China’s banks extend record 12.56 trln loans in 2016 * Bank lending surges as Beijing seeks to hit GDP growth target * But concerns grow about risks of prolonged debt-fuelled stimulus * Containing financial risks…
China 2016 auto sales surge at fastest in three years
the finance ministry announced last month the tax would be increased to 7.5 percent beginning January 1 of this year and restored to the original rate of 10 percent next year. US auto giant General…
China’s Great Money Ball Has More Bubbles in Sight for 2017
Call it China’s Great Ball of Money, Whac-a-Mole Finance, or simply a whole lot of liquidity. Whatever term you use for the excess credit trapped in China’s financial system, few would deny that predicting its…
