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…
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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…
China's consumer finance promising
“Consumption is a hotspot of China’s economic growth, so is finance. Thus the consumer finance should also be a hotspot as it is a hotspot overlay,” said Li Daokui, direct of China and World Economic…
China detains 720 in pollution crackdown
China detained 720 people while Beijing imposed $US21.8 million ($A29.3 million) in fines for violating environmental protection laws in 2016. China is in the third year of a “war on pollution” aimed at containing the…
Bitcoin plummets as China’s central bank launches checks on exchanges
China’s central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 16 per cent. The…
China's central bank launches spot checks on bitcoin exchanges
SHANGHAI China’s central bank said on Wednesday it launched spot checks on major bitcoin exchanges in Beijing and Shanghai, knocking the price of the cryptocurrency down by more than 6 percent. The probe of bitcoin…
Bitcoin slides as China’s central bank launches checks on exchanges
China’s central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 per cent against…
China's Xi to promote globalization at Davos, not 'war and poverty'
BEIJING/GENEVA (Reuters) – China’s President Xi Jinping will promote “inclusive globalization” at this month’s World Economic Forum (WEF) in Davos and will warn that populist approaches can lead to “war and poverty”, Chinese officials said…
China to merge state media for stronger voice in financial news
BEIJING China is set to consolidate five state media companies to create a “modern financial media group” to increase the state’s voice in economic and financial news coverage, the state-run Xinhua news agency said on…
China faces a rock and a hard place amid yuan volatility
China’s central bank does not allow the currency to move more … Chinese regulators introduced new rules, which will take effect in July, requiring financial institutions on the mainland to report domestic and overseas cash…
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