Beijing residents concerned about breathing the capital’s thick grey air are adapting, inventing and even creating businesses to protect the health of their families and others. Some of their efforts could help people around the…
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South Korea to boost economic cooperation with China amid THAAD concerns
South Korea’s finance ministry said in a statement released after a regular government meeting on external economic conditions. Beijing strongly objects to South Korea’s decision last year to allow the United States to base a…
Qantas goes back to Beijing
Qantas has recommenced daily flights from Sydney to Beijing, eight years after scrapping the route because of the global financial crisis, as the airline seeks to lift its share of the lucrative Chinese travel market.…
Apple sues Qualcomm in Beijing seeking 1 billion yuan
WASHINGTON (Reuters) – Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging that the chip supplier abused its clout in the chip industry and seeking 1 billion yuan (115.22 million pounds) in damages,…
China's banking regulator issues guidelines on outbound investment
BEIJING China’s banking regulator issued guidelines on Wednesday calling for the country’s financial institutions to strengthen their control and management of funding for outbound investment. The guidelines are the latest new rules on overseas investment…
China’s central bank turns tiger mum as it faces tough balancing act over monetary policy
Three days after the People’s Bank of China provided a rare sweetened money deal for a number of state banks, it got tough and raised the interest it charged on medium-term loans to lenders –…
China central bank official defends rapid foreign reserves use to keep yuan steady
BEIJING A senior official at China’s central bank has defended authorities’ rapid use of foreign exchange reserves to keep the yuan currency stable, saying the benefits “outweighed the drawbacks”, according to a state newspaper. “The…
China central bank to keep up spot checks on bitcoin exchanges
BEIJING China’s central bank will continue to conduct spot investigations on bitcoin exchanges, its Beijing head office said on Wednesday, in a statement on its website. The People’s Bank of China (PBOC) this month launched…
China c.bank lends $35.83 bln via MLF, rates raised
BEIJING Jan 24 China’s central bank said it lent 245.5 billion yuan ($35.83 billion) to 22 financial institutions via its medium-term lending facility (MLF) and raised interest rates for the loans on Tuesday. Interest rates…
China's central bank lifts two of its lending rates to rein in debt
SHANGHAI China’s central bank raised interest rates on a key funding tool, the medium-term lending facility (MLF), on Tuesday in its latest bid to cut debt levels and bolster financial stability. Policymakers are trying to…
Acknowledging China's role in driving sustainable finance
But among the English language heavyweights, only the Financial Times detailed just how much Beijing has already been doing to tackle environmental problems, and not one acknowledged that Beijing had, in fact, quietly taken ownership…
Ireland set to join China-led investment bank
A wave of about 25 African, European and South American countries, including Ireland, is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as…
China cracks down on bids to bypass online censorship
Beijing (AFP) – China has announced a 14-month campaign to “clean up” internet service providers and crack down on devices such as virtual private networks (VPNs) used to evade strict censorship. The ruling Communist party…
