BEIJING — The Latest on the ruling Communist Party’s congress meeting in Beijing (all times local): 11:20 a.m. President Xi Jinping has called for China’s ruling Communist Party to step up technology development, an area…
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Xi says China will continue to open its economy, deepen financial reforms
BEIJING (Reuters) – China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China…
Xi says China’s prospects are bright but challenges severe
BEIJING — Chinese President Xi Jinping proclaimed his nation … Other Chinese leaders have regularly warned since the 2008 financial crisis that China’s economic growth faces “downward pressure” due to weak global demand that threatens…
How China’s Financial Cracks Could Spread
Can financial turmoil in China play havoc with the rest of the world? It has already happened. On the first trading day of 2016, China’s central bank sent shockwaves around the world by sharply lowering…
Patently tough: Long road ahead for Qualcomm in China case against Apple
SHANGHAI/BEIJING (Reuters) – Qualcomm Inc wants to hit Apple Inc where it hurts most: iPhone sales in China – one of its biggest global markets where most of its flagship smartphones are made. The U.S.…
China central bank chief surprises with gravity-defying 7 pct H2 growth forecast
SHANGHAI/BEIJING: China’s central bank governor said the economy could grow 7 per cent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The uncharacteristically…
China’s shoppers turn Jack Ma’s Ant Financial into a debt giant
Now, tech giants led by Alibaba Group Holding Ltd’s finance affiliate are making money off the loans consumers use to buy those products. Amid surging demand from cash-strapped Chinese millennials, companies such as Ant Financial…
China cbank chief surprises with gravity-defying 7 percent H2 growth forecast
SHANGHAI/BEIJING (Reuters) – China’s central bank governor said the economy could grow 7 percent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The…
Chinese local finance offices sharpen their teeth after Xi orders crackdown on scammers
While the ongoing change is not designed to create new agencies, it is a key stage in the process of forging a new financial oversight system that values control and risk prevention over development and…
China Central Bank Chief Surprises With Gravity-Defying 7 Percent Second Half Growth Forecast
SHANGHAI/BEIJING — China’s central bank governor said the economy could grow 7 percent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The uncharacteristically…
China’s bankers and traders turn to WeChat to make deals
The People’s Bank of China and the securities regulator did not immediately respond to faxes seeking comment on the use of personal messaging apps for financial business. China Foreign Exchange Trade System, a unit of…
China’s PBOC chief sees 7 percent GDP growth in second half, stronger than economist forecasts
SHANGHAI/BEIJING (Reuters) – China’s economy is expected to grow 7 percent in the second half of this year, the central bank governor said, accelerating from the first six months and defying widespread expectations for a…
China’s Central Bank Chief Warns Corporate Debt Is Too High
People’s Bank of China Governor Zhou Xiaochuan warned that Chinese companies have taken on too much debt, and argued for less financial leverage as well as fiscal reforms to constrain local government borrowing. “The main…
