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China News 09/2017 (Page 7)



The Latest: S&P cuts Hong Kong rating after cutting China's
The Standard & Poor's rating agency has cut its credit rating for Hong Kong a day after downgrading China, citing risks posed by close ties between the two places. S&P said Friday that it was reducing its long-term rating on Hong Kong by one notch, to ...

Why Tech Companies Grow Fast in China May Surprise You
Just half a decade ago, mobile payments didn't exist in China. Today, the same amount of money (about $4 trillion annually) is transacted through cell phones as is via traditional credit cards. Within the same time period, bike-sharing services have ...

European Union tries to curb tech transfer to China
The odds that the European Union and China finalize a bilateral investment agreement in the near future have dropped to almost zero. On Tuesday, the Chinese Foreign Ministry called on the EU not to move forward with its proposed scheme to vet inbound ...

Australia Positioning to Help US Check China's Maritime Expansion
Australia, concerned about its vast regional trade network, is joining Japan, India and the United States in countering Chinese expansion in Asia's biggest maritime dispute. Six Australian warships were moving toward the South China Sea this week, with ...

War of words breaks out over China's economy as Xi readies for second term
A war of words has broken out between Beijing and a rating agency over the state of China's economy, just a month before the important party congress at which President Xi Jinping will consolidate his power. On one side is S&P Global Ratings, the US ...

China warns of 'complicated' situation on Korean Peninsula
BEIJING: China warned on Friday that the situation on the Korean Peninsula was "complicated and sensitive" and called for restraint on all sides after North Korea hinted that it might explode a hydrogen bomb over the Pacific Ocean. Beijing's appeal ...

Interview: Nordic gov'ts paying more attention to Chinese customers, says Alipay Europe chief
HELSINKI, Sept. 22 (Xinhua) -- Alipay, a popular online and mobile payment platform in China, has established closer cooperation with a number of Nordic governmental institutes this week. The fact signaled increasing attention by the region to the ...

China Focus: Xi stresses integrated military, civilian development
BEIJING, Sept. 22 (Xinhua) -- Chinese President Xi Jinping on Friday called for stronger reform, innovation and resource integration to improve integrated military and civilian development. Xi, also general secretary of the Communist Party of China ...

China committed to denuclearization of Korean Peninsula: FM
UNITED NATIONS, Sept. 21 (Xinhua) -- Chinese Foreign Minister Wang Yi said Thursday that China is firmly committed to the denuclearization of the Korean Peninsula during his speech at the General Debate of the 72nd session of the United Nations (UN) ...

China steps up protection campaign ahead of World Rhino Day
BEIJING, Sept. 22 (Xinhua) -- China has been making tremendous efforts in cracking down on international rhinoceros poaching and rhino horn smuggling, ahead of World Rhino Day Friday. "Ivory and Rhino horn products dating from any historical period ...

China imposes limit on oil supply to North Korea
FILE - In this May 8, 2016, file photo, a North Korean solder stands guard near barrels stacked up near the river bank of the North Korean town of Sinuiju, opposite the Chinese border city of Dandong. China announced Saturday, Sept. 23, 2017 it will ...

China bans North Korean textile imports, to squeeze oil supply in line with UN sanctions on reclusive state
China announced on Saturday that it would impose an immediate ban on textile imports from North Korea and limit oil exports to its neighbour from next year under UN sanctions over its nuclear and missile development. The Ministry of Commerce also said ...

China to limit oil for North Korea
China says it will limit oil supplies to North Korea under UN sanctions, stepping up pressure on Pyongyang over its pursuit of nuclear and missile technology. The Commerce Ministry in Beijing said on Saturday that China, the North's main trading ...

China Focus: CPC success based on faith, discipline, democracy
BEIJING, Sept. 23 (Xinhua) -- Aside from ruling the world's most populous nation, having the largest political party membership on the globe and being the architect of one of the fastest growing economies over the past three decades, the Communist ...

Economic Watch: US balance sheet reduction unlikely to weigh on yuan
U.S. Federal Reserve Chair Janet Yellen attends a news conference in Washington D.C., capital of the United States, on Sept. 20, 2017. The U.S. Federal Reserve on Wednesday kept interest rate unchanged, but announced that it will start to unwind its ...

Magnitude-3.4 quake recorded in DPRK, with depth of 0.0 km
BEIJING, Sept. 23 (Xinhua) -- China Earthquake Networks Center (CENC) Saturday detected a zero-depth earthquake measuring 3.4 on the Richter scale in the Democratic People's Republic of Korea (DPRK). The epicenter was at 41.36 degrees north ...

China's Belt and Road Initiative contributes to realizing dream of Asian Century: Nepali experts
KATHMANDU, Sept. 23 (Xinhua) -- China's Belt and Road Initiative can contribute to realizing the dream of the Asian Century through enhancing regional economic integration, Nepali experts said here on Saturday. Speaking at a seminar entitled "Belt and ...

China's Communist rulers play Cupid to avert ageing population crisis
Working long hours at one of China's biggest car plants, lovelorn Chen Tianxing had few opportunities to meet girls, and after attending three badly-organised match-making events he was beginning to lose all hope. But under a bright yellow and red ...

China-backed Canyon Bridge to buy British chipmaker
Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week by US President Donald Trump from buying a US chipmaker, said it would purchase British chip designer Imagination Technologies Group PLC. The all-cash £550 ...

China Jumps To NY; Luxury Jumps To China - Forbes
The latest front in the Alibaba-JD war opened up at New York Fashion Week, but the battle goes way beyond fashion and way beyond NY. Luxury might be the ...

Boom or bust? The big debate raging over China's economic future
Everything was not only under control, China's 6.9 per cent growth in the first half was of higher quality and efficiency, the country's powerful economic planning agency insisted at length on Thursday. The economy was balancing out, with services and ...

China pulls Vietnam border war movie from cinema holiday line-up at last minute
A movie tribute by one of China's leading directors to Chinese veterans of the 1979 Sino-Vietnamese war has been pulled from cinemas after a last-minute “discussion”. Director Feng Xiaogang's movie Youth, or Fanghua, was scheduled to be released across ...

Hong Kong holds InnoTech Expo to inspire youngsters' interest in ...
Hong Kong holds InnoTech Expo to inspire youngsters' interest in ...

Economic Watch: Parallel imports boost Chinese auto market
SHANGHAI, Sept. 24 (Xinhua) -- From the latest designer fashion to the most cutting-edge high-tech products, China's increasingly open market has brought the world's best goods to it doorstep. Through the government-supported parallel import scheme, ...

Russia and China quietly build business bonds
There has been no shortage of big investment promises each time a Chinese government delegation has visited Moscow in recent years, but concrete deals have often been lacking. So the $9.1bn stumped up by CEFC China Energy this month for a 14.16 ...

Rise of China's army of 'personal shoppers'
Sales by so-called daigous of Australian goods to Chinese consumers, such as baby formula and health products, could easily triple over the next two years, according to a key player involved co-ordinating the trade locally. In an interview with The ...

China to push for greater cooperation on graft, terrorism at Interpol meeting
Beijing– China will push for greater international cooperation in the fight against corruption and terrorism when it hosts Interpol's general assembly next week, according to diplomatic sources familiar with the matter, against a backdrop of concerns ...

Economic Watch: Nationwide negative list to spur foreign investment
BEIJING, Sept. 24 (Xinhua) -- China will roll out a negative list for foreign investment, which has been tested in pilot free-trade zones. The negative list model, which states the sectors and businesses that are off limits to foreign investment, will ...

China's corruption watchdog to be replaced in bid for international ...
China's corruption watchdog to be replaced in bid for international ...

How China is using military ties to expand its reach in Southeast Asia
China has been stepping up its military engagement with Southeast Asian nations, a move seen as an attempt to counter balance the United States in the region ...


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