China has spent hundreds of billions of dollars from its vast foreign exchange reserves, the world’s largest, in its efforts to keep the yuan from falling too rapidly. Chinese investment in non-financial firms surged 53…
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Trump Confronting China on Trade Risks Corporate Backlash (1)
Because he’s from outside the establishment he also may be more resistant to lobbying than previous administrations, says Victor Shih, a professor at the University of California at San Diego who studies China’s politics and…
FinTech in China: A 53-Point Summary
China is the world’s largest FinTech market. In 2015, its market size of Internet finance was greater than $1.8 trillion. 2. China is a global leader in every aspect. The country has taken in some…
China restricts Korean K-beauty influence
Both entertainment and cosmetics brands have already seen a drop in shares, as the sectors are heavily prominent in China. On 22nd November 2016, The Financial Times announced that even though South Korea’s Kospi index…
China's first foreign insurance joint venture reaches 20 years
TORONTO, Nov. 28, 2016 /CNW/ – On November 26, 1996, Manulife Financial Corporation and Sinochem officially opened Manulife-Sinochem, the first foreign insurance joint venture in China. Prime Minister Jean Chretien and Chinese Premier Li Peng…
China risks wasting $490 billion on unneeded coal plants — study
The report, published by London-based the Carbon Tracker Initiative, argues that not only China doesn’t need new coal plants, but also that existing capacity may come under financial pressure by 2020 from power market reforms…
China will stick to 'going out' strategy amid outflow concerns
While Beijing has been busily damming up official channels for money to leave China, more funds than ever are leaking out through shady means as investors flee the country’s slowing economy and weakening currency, financial…
China says promotes healthy outbound investment as outflow fears grow
While Beijing has been busily damming up official channels for money to leave China, more than ever is leaking out through shady means as investors flee the country’s slowing economy and weakening currency, financial industry…
China says promotes healthy development of outbound investment – Xinhua
SHANGHAI (Reuters) – China said on Monday it promotes the healthy development of outbound investment, the official Xinhua news agency reported. Officials from the National Development and Reform Commission, the Ministry of Commerce, the People’s…
China steps up protection of property rights
BEIJING (Reuters) – China will increase protection for property rights, including stepping up oversight of the management of state-owned assets, the Xinhua news agency reported on Sunday, citing guidelines issued by the State Council, China’s…
Risks in China's digital service industry yet to be tackled in rural areas
Senior central bank officials called for the establishment of legal framework to fend off risks caused by digital financial services in order to better achieve inclusive growth nationally. Speaking at the China Financial Forum in…
Surging homeowner loans in China raise alarms over debt
Transferring risks – China’s total debt — including housing, financial and government sector debt — hit 168.48 trillion yuan ($25 trillion) at the end of last year, equivalent to 249 percent of national GDP, according…
13 detained in China over deadly construction collapse
Most of the dead had been working on the interior concrete wall of a massive circular cooling tower 70 metres (230 feet) up when the scaffolding collapsed Thursday morning, resulting in one of China’s most…
