HONG KONG — China’s exports fell back into contraction again last month, signalling renewed weakness for the world’s second biggest economy. Customs data posted Friday showed that exports shrank 6.1 per cent to $209.4 billion…
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China steel exports fall from record in relief for global steelmakers
MANILA (Reuters) – China’s steel exports fell in 2016 from a record in the previous year, dragged down by improved demand at home and Beijing’s resolve to tackle overcapacity, in a relief for steelmakers elsewhere…
China scores new victories in Africa as Taiwan handed diplomatic blow
It was a dramatic lesson in China’s growing financial muscle. As a Chinese official dangled the possible reward of $40-billion (U.S.) in desperately needed investments, Nigeria this week hastily ordered the shutdown of a trade…
CDB Aviation Lease Finance Appoints Peter Chang As New President & Chief Executive Officer
CDB Aviation Lease Finance (“CDBALF”), the aircraft leasing unit of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”) (HKEX STOCK CODE:1606), announced today the appointment of Peter Chang as its new President & Chief…
China overtakes US in screens but cinemas sit empty
ZHUOLU TOWN, China (AP) — The brightly-decorated 3-D cinema in this town outside Beijing is showing the latest Chinese and Hollywood films, to row after row of empty red seats. So few people come to…
China’s finance regulators walking a fine line after year of indecision over inflating bubbles
Top of the agenda for China’s financial regulator in 2017 is to deflate various economic bubbles without crushing them. The steepest yuan depreciation in more than two decades, runaway house prices, booming bad loans, and…
China's Vanke strengthens hand against takeover bid
Shares in China’s biggest property firm, Vanke, surged Friday after it announced a stock-holding shift that could end a bid by private conglomerate Baoneng to pull off the country’s first hostile blue-chip takeover. Vanke’s leadership…
China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount
China’s top leaders pledged last month to stem the growth of asset bubbles in 2017 and place greater importance on preventing financial risk, even as some global financial experts warned the nation’s debt load is…
Weightlifting: China faces one-year ban after trio stripped of Beijing golds
BERLIN (Reuters) – China faces a one-year ban from international weightlifting competitions after three of its athletes were stripped of their 2008 Olympic gold medals on Thursday following re-tests of samples from the Beijing Games.…
China's media is about to go to 'war' Russia style
The network will be called CGTN. At the same time, Xinhua, China’s official state news network, will consolidate a bunch of outlets under a new umbrella to focus its financial-reporting efforts. China Securities Journal, Shanghai…
China Vanke shares jump as ally Shenzhen Metro becomes No. 2 shareholder
HONG KONG (Reuters) – Shares in China Vanke , at the centre of a high-profile corporate … It remains to be seen if the sale will help Vanke fend off its biggest shareholder, financial conglomerate…
Taiwan slams Nigeria, Beijing over trade office snub
For years, China and Taiwan were locked in a bitter diplomatic tug-of-war, luring away each other’s allies with generous financial packages in so-called “chequebook diplomacy”. Diplomatic tussles between the two had eased under Taiwan’s previous…
China rejects U.S. trade claims, says outlook challenging, complicated
BEIJING (Reuters) – China’s commerce ministry said on Thursday it will “try all methods” to stabilise trade in what it sees as a challenging and complicated trade outlook this year. Commerce Ministry spokesman Sun Jiwen…
