NAIROBI China’s Exim Bank has expressed interest in financing the third section of Kenya’s planned rail link with Uganda at an estimated cost of $4.9 billion, a senior Kenya Railways official said on Friday. China…
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China aims to boost equity funding with national investment standard – central bank official
BEIJING (Reuters) – China aims to increase direct funding for companies through financial instruments such as stocks by implementing a national investment standard, a senior official at the People’s Bank of China (PBOC) said on…
China has lodged a diplomatic protest following Trump's call with Taiwan's president
China’s Foreign Ministry lodged a diplomatic complaint on Saturday following US President-elect Donald Trump’s 10-minute telephone call with Taiwan President Tsai Ing-wen, Reuters reported. The 10-minute call on Friday marked the first time a US…
5 Things About China-Taiwan Relations
For many decades, the region was a flashpoint between China and Taiwan, one that threatened to embroil the U.S. Here are 5 things to know about it. #1: The Past Is Present China claims Taiwan…
China coal mine blasts kill 38: report
An unspecified number of miners were still buried under the ground and rescue efforts were underway, Xinhua said. China is the world’s largest coal producer and deadly accidents are common. A further 33 miners were…
China watching capital flows, accepts US rate rise likely
Bloomberg China’s policymakers are closely watching market changes and capital flows, vice Finance Minister Zhu Guangyao was quoted as saying on Saturday. Zhu said China will “unswervingly” push forward reforms including the internationalisation of the…
Infant formula company Bellamy's shares plunge 44pc on weaker China sales
Organic baby formula maker Bellamy’s share price has plummeted after the company reported weaker sales in China. As much as 43.9 per cent was wiped from the shares this morning after Bellamy’s released an investor…
China hopes Trump call with Taiwan leader won't damage ties
China’s foreign minister said Saturday he hopes Beijing’s relations with the U.S. would not be “interfered with or damaged” after president-elect Donald Trump broke with decades-long diplomatic tradition and spoke directly with Taiwan’s leader. It…
Nomura Downgrades China Unicom Ltd. (CHU) to Neutral
China Unicom Ltd. (NYSE:CHU) was downgraded by equities researchers at Nomura from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. A number of other research…
China Unicom Global Launches "CUniq" MVNO Business in the UK
LONDON, Dec. 2, 2016 /PRNewswire/ — On 2 December 2016, China Unicom Global Limited (“CUG”) launched the “CUniq” overseas mobile virtual network operator (“MVNO”) service in London, the UK and unveiled the first one-card-multiple-number service.…
Bank of China sharply limits forex sales to companies in Shanghai: sources
SHANGHAI Bank of China, one of the country’s “Big Four” state banks, has begun to sharply limit corporate customers’ ability to purchase foreign currency in Shanghai, in what sources said on Friday was a bid…
China and the Church: The 'outlaw' do-it-yourself bishop
Without the Pope’s permission, or Beijing’s, this 58-year-old labourer from a village in northern China calls himself a bishop. China and the Vatican are believed to be close to a historic agreement governing the selection…
China urges U.S. to abide by WTO anti-dumping agreement
BEIJING (Reuters) – China on Friday urged the United States to abandon a surrogate country approach it uses to calculate anti-dumping measures against Chinese exports, as a related clause in China’s World Trade Organization (WTO)…