China is dominating the robotics market, according to the chief executive of Swedish-Swiss automation giant ABB. Ulrich Spiesshofer said Thursday that the Asian powerhouse is “the largest robotics market of the world,” and that this…
Tagged By finance
Women fail to crack China’s glass ceiling as party picks new leaders
BEIJING (Reuters) – Every time China’s ruling Communist Party convenes a major gathering, like the congress that just ended in Beijing, the list of delegates is hand-crafted in part to burnish the party’s image as…
BRIEF-China Industrial Securities International Financial expects to record increase in 9-mnth net profit attributable
* Expected result due to boosted securities market sentiment in Hong Kong being relatively active Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
OTP Bank opens Beijing office, linking Chinese partners and authorities
Sándor Pataki, director of investor relations and debt and capital markets department of OTP Bank Plc, delivers a speech at the opening ceremony of the bank’s Beijing representative office Oct 24, 2017. [Photo by Tan…
In China, Innovation Cuts Both Ways
And if left unchecked, it could gain enough financial clout to challenge the current political system. As China’s tech giants have become more powerful, the variable interest entity model has come under greater scrutiny. The…
The 4 Possible Channels For A Chinese Financial Crisis
That China is a widely accepted global outlier in the context of credit, debt and leverage, look no further than the latest Financial Stability Report from the IMF, which in no uncertain terms lays out…
China promotes 3 potential central bank leaders
BEIJING — China’s ruling Communist Party has promoted three potential successors to long-serving central bank chief Zhou Xiaochuan, setting up a possible handover as Beijing tries to rein in surging debt and financial risks. The…
China central bank chief raises new worry in China: Mortgage-driven household debt
Although analysts are generally optimistic that Chinese officials will gradually reform corporate reliance on debt, China’s mortgage-fueled household debt is growing at an “alarming” rate, Citi says. Chinese President Xi Jinping called out the property…
China fiscal deficit to be under 3 percent target, says finance minister
China’s finance minister said the country’s 2017 fiscal deficit will be less than the budget deficit target of 3 percent of GDP due to stronger-than-expected economic growth, South China Morning Post (SCMP) reported on Monday,…
Money20/20 to launch in China
The host city of Hangzhou, in China’s Zhejiang Province, has been chosen based on its long-term commitment to the future of finance. It is also home to such financial innovators as Alibaba and LianLian Group…
China’s tech titans break into finance
China has written the book on mobile payments. Where else would you see people going days without pulling a single note from their wallet? As a result, China’s third party mobile payments market is huge.…
Beijing garment industry resists Congress lockdown
Apparel producers were ordered to suspend work for the month out of fire safety concerns, but in Dahongmen, one of Beijing’s last clothing manufacturing hubs, some factory owners simply took their work underground. “I can’t…
China’s recyclers eye looming electric vehicle battery mountain
SHANGHAI (Reuters) – After years of dismantling discarded televisions and laptops, a Shanghai recycling plant is readying itself for a new wave of waste: piles of exhausted batteries from the surge of electric vehicles hitting…
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