A top Chinese commission in charge of the country’s financial industry, led by Vice-Premier Liu He, has held five meetings in the past 40 days, reflecting a shift in focus to domestic issues ahead of the potential signing of a trade truce with the United States. The China Financial Stability and Development Committee convened for […] Read more
China is the world’s largest manufacturer and consumer market for cars. Photo: Xinhua Beijing is aiming to boost exports of China-made foreign vehicles in coming years as domestic car sales slump and restrictions on overseas firms are loosened, according to a government report. Manufacturers like Ford Motors, GM, BMW and Honda are expected to expand […] Read more
BEIJING — When an idea strikes a chord with national ambition in China, the result can be millions of dollars wasted and a handful of start-ups struggling to survive in a cooling economy. In the last few years, venture capitalists rushed to pour billions of dollars into the emerging electric vehicle industry backed by the […] Read more
The leader of Hong Kong’s Catholics has called for a Christmas truce after months of violent social unrest which threatened to continue into the festive period, advocating a time of cooling-off and reflection. The plea for peace came as legal scholars at a top local university suggested granting amnesty to alleged offenders on both sides […] Read more
Chinese President Xi Jinping praised the courage and commitment of Hong Kong’s embattled leader on Monday, and reiterated the central government’s support for the city’s police force, as he met Carrie Lam Cheng Yuet-ngor for the second time in two months. But Xi also made a point of repeating remarks he made in Brazil last […] Read more
Bomb disposal officers in Hong Kong defused two home-made devices containing 10kg of high explosives found in school grounds and which were designed to kill large numbers of people, police said late on Monday. Officers said the bombs were “complete, fully functional and ready to be used” radio-controlled improvised explosive devices and had one purpose […] Read more
Chinese state-owned banks have given the owners of failing Hong Kong Airlines a HK$4.4 billion loan, the group said in a filing to the Shanghai Stock Exchange late on Monday. HNA Group had earlier obtained the 4 billion yuan cash injection, and said the money would be used for aviation fuel, aircraft expenditure, operational expenses […] Read more
Ongoing civil unrest in Hong Kong is the biggest geopolitical threat to global markets, an economist told China Daily Network Thursday. Speaking to China Daily Network’s “Street Signs Europe,” Holger Schmieding, chief economist at Berenberg, said the worst-case scenario was “pretty clear” after President Donald Trump signed two bills backing protesters in Hong Kong. The […] Read more
China has overtaken the U.S. to become the world’s largest diplomatic network, according to the latest annual report from a Sydney-based think tank. The Lowy Institute’s 2019 Global Diplomacy Index, published Wednesday, showed China had climbed to the top spot for the first time, underlining Beijing’s growing international ambitions. The index is an analysis of […] Read more
China signalled on Friday that it has no plans to give up its government-led economic model or weaken the role of its state-owned enterprises (SOEs), a change the United States has stipulated as one of its key demands in the ongoing trade war negotiations. The comments came in an article by Vice-Premier Liu He – […] Read more
