China has chosen the Hong Kong unit of the country’s largest overseas lender to roll out a cross-border account that would break down barriers between the two jurisdictions, making it easier for local residents to gain access to banking services in the world’s second-largest economy. Bank of China (Hong Kong), one of the city’s three […] Read more
Premier Li Keqiang is expected to address questions ranging from foreign investments to structural reforms at a press conference to mark the end of the annual gathering of China’s parliament today. In the course of the just-concluded two-week session, the National People’s Congress passed a law protecting foreign investment in China, and several proposals to […] Read more
Chinese private companies are being held back by stereotypes that paint them as less reliable than state-owned enterprises when it comes to repaying their debts, fulfilling their contractual obligations or attracting talent, the boss of a pharmaceutical company has warned. Yang Wenlong, chairman of the private Renhe Group, said these prejudices made it harder for […] Read more
The United States is seeking extradition of Huawei chief financial officer Meng Wanzhou after she was detained in December by Canadian authorities. Photo: EPA It is 5pm on Thursday evening in Killarney, a rural community in Canada’s Manitoba province, and Scott Kroeker is about to call it a day. “It is warming up here, we’re […] Read more
Beijing will make it illegal to force foreign investors to transfer their technology to Chinese partners while also lowering market barriers for foreign firms to enter the domestic market, a senior economic planning official said on Wednesday, highlighting an effort to lure overseas investment inflows. China is expected to pass a new law next week […] Read more
HANOI, Vietnam — President Donald Trump cut his losses here Thursday.After traveling halfway around the world for a face-to-face meeting with one of the world’s most notorious despots — with hopes of persuading the dictator to give up his nuclear weapons cache — the president who considers himself the world’s ultimate deal-maker pushed away from […] Read more
China’s senior diplomat Wang Yi said on Monday the latest round of trade talks with the US had provided “positive prospects” on Sino-American ties and the global economy, as state media reacted with cautious optimism. The talks between chief negotiators in Washington, described by Wang at a Beijing event as “achieving concrete progress”, yielded an […] Read more
China’s top trade negotiator Liu He will meet US President Donald Trump on Friday afternoon in Washington as the two nations race to reach a deal before the March 1 deadline for the US more than doubling its tariffs on US$200 billion worth of Chinese imports. The meeting, listed on the White House’s daily schedule […] Read more
Tesla CEO Elon Musk expects that the electric car maker will have the technology needed to essentially operate vehicles without drivers by the end of the year. The entrepreneur made the comment on a podcast with Cathie Wood and Tasha Keeney of ARK Invest, a firm that owns shares in the company. Tesla’s automated driver […] Read more
The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in Duesseldorf, Germany, February 18, 2019. The head of China’s Huawei Technologies in Germany told a German newspaper that the Chinese government does not get involved in the company’s business, adding the firm would work on being […] Read more
