23 January 2019

Greater China

  • HSBC economists see no policy tightening, Xinhua says

    Oct 25, 2013 1:51pm
    A spike in China’s money-market rate is just temporary and not a sign the People’s Bank of China (PBoC) is tightening policy, Xinhua news agency reported Friday, citing two HSBC Plc (00005.HK) economists. Qu Hongbin, co-head of...
  • Sept urban jobless rate dips to 4%, Xinhua says

    Oct 25, 2013 1:43pm
    China’s urban registered unemployment rate dipped to 4.04 percent at the end of September, from 4.1 percent three months earlier, Xinhua reported Friday, citing the Ministry of Human Resources and Social Security. In all, 10.66 million new...
  • AmCham warns of tests for Chinese investment in US, paper says

    Oct 25, 2013 12:06pm
    Chinese firms wanting to invest in major infrastructure projects in the United States face a series of big challenges, Economic Information Daily reported Friday, citing an American Chamber of Commerce in China report. US energy, transport, water...
  • A Shandong court has rejected former Politburo member Bo Xilai's appeal against a graft conviction. Photo: Jinan Intermediate People's Court

    Bo fails to overturn life sentence, higher court says

    Oct 25, 2013 12:01pm
    Former Communist Party Politburo member Bo Xilai {薄熙來} has failed in his appeal against a life sentence for graft handed down by Shandong’s Jinan Intermediate People’s Court last month, the province’s higher court said in a...
  • Sino-EU economic ties key to global economy, Xinhua says

    Oct 25, 2013 10:28am
    Vice premier Ma Kai {馬凱} said China and the European Union (EU) are keen to improve economic cooperation after a decade of strategic partnership, Xinhua reported Thursday, citing a column Ma wrote in the French newspaper...
  • Expert outlines need to boost the middle class, report says

    Oct 25, 2013 9:22am
    China would need an additional 200 million middle class people in order to lift the percentage of population with middle income to 40 percent within eight years from the current 25 percent, news website cited Chi...
  • Taiwan parliament may not pass service pact this yr, paper says

    Oct 25, 2013 8:59am
    Taiwan’s parliament may not be able to pass the cross-strait service agreement this year, which may result in procrastination of negotiations on a cross-strait goods trade deal and signing of an economic partnership agreement between the...
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    The Big Picture: MONEY FLOW

    - Oct 25, 2013 8:42am
    The People’s Bank of China has refrained from making any moves in three open market operation sessions from last Thursday, effectively draining liquidity worth 105 billion yuan from the banking system. The tightening of cash flow...
  • China to step up household registration overhaul, paper says

    Oct 25, 2013 8:34am
    The central government will ramp up reform of the decades-old household registration system after next month’s plenary session of the Communist Party’s Central Committee, the China Securities Journal reported Friday, citing an unnamed official. The authorities will...
  • Qianhai home to methanol spot trading first, paper says

    Oct 25, 2013 8:34am
    China’s first methanol spot trading platform is up and running in Shenzhen’s Qianhai special zone, the China Securities Journal reported Friday, citing a statement from the operator, the Shenzhen Petrochemical Exchange (SPEX). The platform will follow...
  • Foreign trade growth target becomes more challenging, paper says

    Oct 25, 2013 7:40am
    China is facing a challenge to achieve the 8 percent growth target in imports and exports for 2013, the National Business Daily reported Friday, citing a source who participated in a closed-door seminar held by the...
  • Non-official charity wins nod for direct fundraising, SCMP says

    Oct 25, 2013 6:58am
    A foundation for leukaemia sufferers said it has become the first non-official charity in Beijing to win permission to raise money directly from the public, the South China Morning Post reported Friday. The New Sunshine Charity Foundation...
  • Tax reform may include telecom, lifestyle services, paper says

    Oct 25, 2013 6:50am
    A trial scheme to replace business tax with value-added tax (VAT) may be extended to the telecom and lifestyle services sectors starting next year, Economic Information Daily reported Friday, citing several unnamed sources. The State Council...
  • StanChart lifts China GDP growth forecast to 7.6%, Xinhua says

    Oct 24, 2013 2:33pm
    Standard Chartered has raised its forecast for China’s gross domestic product (GDP) growth for this year to 7.6 percent from a previous projection of 7.5 percent, Xinhua news agency reported, citing a report released by the...
  • Boom time for English courses, Xinhua says

    Oct 24, 2013 2:31pm
    English language training and exam preparation courses are booming in China, with the 30 billion yuan (US$4.9 billion) market growing at about 15 percent per year, Xinhua reports, citing the Ministry of Education’s National Education Development Statistical Bulletin. “Chinese...
  • China to release outline for deeper reform, CCTV says

    Oct 24, 2013 12:16pm
    The central government will discuss and release an outline for “deepening reform” at next month’s plenary session of the Communist Party’s Central Committee, China Central Television reported late Wednesday, citing party general secretary Xi Jinping {習近平}....
  • Fresh policy initiatives for Shanghai FTZ, govt says

    Oct 24, 2013 11:55am
    The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation announced in a circular Thursday a series of favorable policies for the Shanghai Free Trade Zone (FTZ), the government web portal...
  • Hengqin slow in implementing economic zone policies, paper says

    Oct 24, 2013 11:18am
    Hengqin, a special economic zone of Zhuhai city in the southern Guangdong province, has been slow in rolling out guidelines for companies in Macau to invest in the area, the Macao Daily News reported Thursday, citing remarks...
  • Urban residents lag rural dwellers in leisure time, paper says

    Oct 24, 2013 10:26am
    Residents of China’s urban areas do not get enough leisure time and have less time off than people in rural areas and the United States and Europe, China National Radio reported Wednesday, citing the China Tourism...
  • Journalist assn concerned over reporter’s detention, paper says

    Oct 24, 2013 9:22am
    The All-China Journalists’ Association is paying close attention to the issue of detention of a reporter of New Express newspaper in Guangzhou by the Changsha police, and has contacted the security authorities to ensure the reporter’s...

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