BEIJING (Reuters) – China’s November crude oil imports from Saudi Arabia jumped nearly 30 percent from the year before, customs data showed on Thursday, with the kingdom overtaking Russia to become the largest crude supplier…
Tagged By financials
China's Xi calls for wide-ranging measures to regulate hot property market
BEIJING (Reuters) – President Xi Jinping said China’s approach to regulating its red-hot property market will include financial, fiscal, tax, land, and regulatory measures as Beijing looks to develop a long-term mechanism for an industry…
Ant Financial pushes rural finance service
use financial-services provided by Ant Financial under Alibaba Group Holding Ltd. [Photo provided to China Daily] Ant Financial Services Group, Alibaba Group Holding Ltd’s financial-services affiliate, has ramped up its expansion in rural finance－with ……
Donald Trump picks economist who wrote ‘Death by China’ to lead his trade council
U.S. President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a newly formed White House National Trade Council, the transition team said on Wednesday.…
China’s Tallest Building Resolves Issues That Delayed Opening
China’s tallest skyscraper, said it has resolved fire-safety issues that have delayed its full opening for 18 months. Fire inspections have been completed for all of the 632-meter (2,074-foot) building, located in Shanghai’s Lujiazui financial…
China's smoggiest city closes schools amid public anger
China’s smoggiest city closes schools as much of the country suffered its sixth day under an oppressive haze, sparking public anger about the slow response to the threat to children’s health. ( read original story…
China's drone seizure was a 'test' for Trump
China’s recent seizure of a U.S Navy underwater drone may have been an early political test for U.S. president-elect Donald Trump. On Saturday, China’s Defense Ministry released a statement announcing that its military had come…
Meet Latest China Finance Scare, Entrusted Bonds: QuickTake Q&A
There’s another Chinese financial practice that’s prompting high-decibel warnings. So-called entrusted bond holdings are a way for financial institutions to skirt rules on using borrowed money to invest in bonds. How? By getting a third…
China to set communication standard for driverless cars after 2018: industry official
BEIJING (Reuters) – China will revisit in 2018 the standards for vehicle-to-vehicle communication that are vital for driverless cars and lay out a common national standard after that, the chief of the Society of Automotive…
Trump picks China hawk to lead new White House trade council
WASHINGTON — In another sign that he intends to shake up relations with China, President-elect Donald Trump named economist Peter Navarro to lead a newly created White House council on trade. The University of California-Irvine…
Critics Point To Flaws In China’s SME Loan Rules
Reports by South China Morning Post on Tuesday (Dec. 20) said the China Banking Regulatory Commission’s efforts, which began two years ago, may be too strict as some industry stakeholders debate whether the regulations are…
China tightens financial oversight on military after scandals
BEIJING China’s military will tighten financial oversight with revised auditing rules coming into effect from Jan. 1, meaning all the armed force’s financial dealings will have to be audited, the Defence Ministry said on Wednesday…
To Problems With China’s Financial System, Add the Bond Market
SHANGHAI — Chinese officials cheered on the country’s stock market when it reached heady new highs, offering hope that it could become a new source of money to fix China’s economic problems. Then, last year,…
