BEIJING China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world’s second-largest economy. The moves could ease some…
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Trump vows to name China a currency manipulator: What you need to know
President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House. There’s only one problem – it’s not true anymore. China, the world’s second-biggest economy behind the…
China says 4 people shot dead after 'terrorist' attack in Xinjiang
The report in Tianshan Net, a news portal run by Communist Party officials in Xinjiang … Those measures were tightened further following a wave of attacks in Xinjiang and other parts of China blamed on…
China: Police shoot dead 3 who killed 2 in Xinjiang attack
BEIJING — Three knife-wielding assailants attacked staff at a Communist Party office in China’s far western region of Xinjiang and set off an explosive device, killing two and injuring three others, an official news agency…
China to relax curbs on foreign investment in banking, securities – state planner
BEIJING (Reuters) – China will focus on freeing up foreign investment in banking, insurance, securities and futures market trading firms as part of a wider opening up of the services sector, the country’s state planner…
China finishes two new high-speed rail links
China is in the middle of an ambitious railway building programme and aims to criss-cross the country with four north-south and four east-west bullet train connections and expand its total network to 93,200 miles by…
Top China leader says Catholics must act 'independently'
BEIJING — One of China’s top leaders has told Chinese Catholics that they need to operate “independently” of outside forces and promote socialism and patriotism through religion. Yu Zhengsheng’s Thursday speech came at the end…
China Turns to $503 Billion Rail Expansion to Boost Growth
China plans to spend 3.5 trillion yuan ($503 billion) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country. The high-speed rail…
China business confidence index rises for third straight quarter – central bank survey
BEIJING (Reuters) – Business confidence among entrepreneurs in China rose for the third straight quarter in October-December, according to a survey by the People’s Bank of China published on Thursday. The entrepreneurs’ confidence index rose…
China slashes first round of oil products export quotas – sources
BEIJING (Reuters) – China has cut oil product export quotas to the nation’s four oil majors by 40 percent in the first round of licences for 2017, according to two sources who have seen the…
IGM Financial investing $468-million for 10% stake in China AMC
The Mackenzie unit of IGM Financial Inc. has agreed to pay the equivalent of $468-million to buy a 10-per-cent interest in China Asset Management Co., Ltd. The Winnipeg-based firm says the China AMC deal will…
China to increase fiscal spending, cut taxes in 2017: ministry
BEIJING China will appropriately increase fiscal spending in 2017 and continue with policies to reduce taxes and fees, the finance ministry said on Thursday after a meeting to set next year’s agenda. “Make fiscal policy…
IGM Financial investing $468 million for 10% stake on China Asset Management
WINNIPEG – The Mackenzie unit of IGM Financial Inc. (TSX:IGM) has agreed to pay the equivalent of $468 million to buy a 10 per cent interest in China Asset Management Co., Ltd. The Winnipeg-based firm…
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