SHANGHAI An undisclosed buyer has placed the largest overseas order for China’s home-developed military drones, the Xinhua news agency has reported, in a boost for the Chinese arms industry’s efforts to increase export volumes. The…
Tagged By beijing
China’s top diplomat embarks on US visit amid tensions under Trump
“Yang’s visit will coincide with the 45th anniversary of President Richard Nixon’s ice-breaking visit to China in 1972, which paved the way for Beijing and Washington to officially establish diplomatic ties in 1979,” official news…
Beijing to stage new performances for travelers
Beijing will stage a series of performances to enhance visitors’ experiences in the capital. The Beijing Municipal Commission of Tourism Development recently summoned performance groups and travel agencies to promote the shows that’ll be staged…
Interpreting China's Monetary Aggregates And Its Relation With Shadow Banking Business
M2 and social financing are two mirrors of Chinese money supply and each measurement reflects different aspects of the money flow. Three items, namely trust loans, entrust loans, and Banker’s Acceptance Bills, comprising social financing…
China Mobile retains spot as world’s third most valuable telecoms brand
China Mobile retained its ranking this year as the world’s third most valuable telecommunications brand, behind US network operators AT&T and Verizon Communications. Hong Kong-listed China Mobile, the world’s largest wireless network operator, had a…
China arrests 800 in crackdown on underground banking
BEIJING, China – More than 800 people have been arrested in a crackdown on unlicensed banking operations as Beijing tries to stem outflows of money from the country, the police ministry says. More than 380…
China to stabilise, further open markets
BEIJING • China will focus on the stable development of its capital markets this year, but will press ahead to further open its markets to foreign companies, the top securities regulator said yesterday. “We will…
Hiring ‘Princeling’ Complicates Business in China for Global Banks
Two of the biggest global banks, HSBC and Citigroup, announced they are under investigation by the U.S. Securities and Exchange Commission (SEC) for candidate hiring practices. It’s believed that the investigations focus on the banks’…
Buy AIA For Its China Growth: Credit Suisse Upgrades
Insurer AIA Group (1299.Hong Kong) has seen spectacular business opportunities in China, growing its new businesses there by 41% annually since 2010. Last year, AIA managed to grow the value of new business, a metric…
Massive investment planned in ‘Made-in-China’ industrial robots
China has seen rapid growth in its research and development … Other Chinese companies involved in automation business may also be worth some attention, including Shanghai-listed Shanghai Baosight Software, WuXi Xinje Electric, and Shenzhen-listed ……
State-run oil giant taps China's vast geothermal reserves
BAODING, China — Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost…
China Bank nets P6.45B
Sy family-led China Banking Corp. grew net profit last year by 15 percent to P6.45 billion on higher interest earnings, fee-based revenues and treasury gains. Reporting sustained growth in core businesses across all market segments,…
First China-produced passenger plane set for its maiden voyage
YIN LIQIN / FOR CHINA DAILY Chinese manufacturers are preparing to take the nation’s first passenger plane on its maiden flight. The locally designed and built aircraft marks a significant milestone in Chinese manufacturing, as…
