Date
16 October 2018

Greater China

  • RMB midpoint softens to 6.1431 per US dollar

    Oct 17, 2013 9:46am
    The People’s Bank of China set the renminbi’s daily midpoint at 6.1431 against the US dollar on Thursday, 23 pips softer than Wednesday’s 6.1408 fixing, according to the China Foreign Exchange Trade System. The renminbi is...
  • China to promote eco-friendly industry, paper says

    Oct 17, 2013 9:18am
    China to promote eco-friendly industry, paper says China is expected to roll out a slew of measures to promote the development of eco-friendly industries in the near term, the China Securities Journal reported Thursday, citing unnamed...
  • Four in every five Chinese centenarians are women, report says

    Oct 17, 2013 8:55am
    About four-fifths of the more than 54,000 living Chinese centenarians are women, and a 127-year-old woman from northwest China is the oldest of them all, Xinhua news agency reported Wednesday, citing statistics from the Geriatric Society of...
  • China may roll out pension reforms in March, paper says

    Oct 17, 2013 8:55am
    China is likely to roll out a pension reform plan in March next year, as the financial burden from the country’s aging population rises, National Business Daily reported Thursday, citing sources. Several ministries and think tanks...
  • Nanjing mayor under scrutiny for economic crimes, paper says

    Oct 17, 2013 8:27am
    Ji Jianye, mayor of Nanjing, Jiangsu province, is being investigated by the Communist Party’s top disciplinary watchdog over economic crimes, People’s Daily reported Thursday. Officials in Nanjing were not surprised about the investigation into Ji because...
  • PBoC sees strong pressure for credit expansion, paper says

    Oct 17, 2013 7:37am
    Pressure for credit expansion remains high due to the fast growth of new loans in recent months as well as rising trade surplus and capital inflows, the Economic Information Daily reported Thursday, citing a statement issued...
  • Reporter receives death threats over Wenzhou stories, paper says

    Oct 16, 2013 2:31pm
    Chen Zhouxi, a reporter from China Business News, has received death threats after he published a series of stories about the declining home prices in Wenzhou, the Zhejiang city known for its robust private sector, China...
  • Govt eyes 2.22 bln yuan for public services, statement says

    Oct 16, 2013 1:48pm
    The Ministry of Finance will allocate 2.22 billion yuan (US$363.87 million) to support public services including health care and elderly care, it said in a statement on the government website Wednesday. Priority will be given to...
  • Drop in visitors on Canton Fair’s first day, report says

    Oct 16, 2013 11:32am
    Visitor numbers were down by a large margin on the first day of the China Import and Export Fair, also known as the Canton Fair, a sign that overseas demand remains weak, Economic Information Daily reported...
  • China in for tough 5-year economic transition, paper says

    Oct 16, 2013 10:05am
    The next five to eight years will be a difficult transitional period for China’s economy as the country weeds out overcapacity, Economic Information Daily reported Wednesday, citing National Development and Reform Commission researcher Zhang Yansheng. Zhang said if...
  • China cabinet promises information transparency, Xinhua says

    Oct 16, 2013 8:51am
    The State Council, China’s cabinet, on Tuesday promised to improve information transparency to better respond to people’s concerns and boost the government’s credibility, Xinhua news agency reported Wednesday, citing a circular. The cabinet warned that some...
  • Local debt audit results released in November, paper says

    Oct 16, 2013 8:27am
    The National Audit Office has completed its nationwide audit of local government debts, the third since 2011, and will submit the results to the State Council around Oct. 20 before releasing them next month, the National...
  • Li deems CPI under control, Xinhua says

    Oct 16, 2013 7:00am
    Premier Li Keqiang {李克強} underscored China’s capacity to keep the country’s consumer price index to around 3.5 percent this year, Xinhua reported Tuesday. On a state visit to Vietnam, Li said the 3.1 percent CPI for...
  • Peter Lee, divisional president for the Greater China region of CPA Australia

    Shanghai takes on Hong Kong and Qianhai in hub fight

    - Oct 16, 2013 6:00am
    With the establishment of the China (Shanghai) Pilot Free Trade Zone, should Hong Kong feel threatened? It should, according to a senior executive of professional accounting body CPA Australia.   “In three years’ time, the Shanghai free trade...
  • PBoC sells 10 bln yuan reverse repos, statement says

    Oct 15, 2013 11:33am
    China’s central bank sold 10 billion yuan (US$1.6 billion) of reverse repurchase agreements on Tuesday to ease liquidity in the interbank market. The People’s Bank of China (PBoC) issued the seven-day securities at a 3.9 percent...
  • 3.4 bln travelers to visit China in 2013, CNS says

    Oct 15, 2013 10:16am
    China is expected to receive up to 3.4 billion visitors this year, representing 10 percent year-on-year growth, China News Service reported Monday, citing China Tourism Academy sources. Annual tourism income is projected to total 2.87 trillion yuan...
  • HK top choice for mainland firms’ Asia HQs, CNS says

    Oct 15, 2013 9:20am
    Hong Kong is the preferred location for mainland businesses to set up their Asian headquarters, the China News Service reported Monday, citing a survey by the China Council for Promotion of International Trade. The council said...
  • China seeks 19,000 national-level civil servants, Xinhua says

    Oct 15, 2013 9:06am
    China’s national-level government agencies, including affiliated public institutions and local branches, will recruit more than 19,000 civil servants in 2014, a slight decrease from the current year, Xinhua news agency reported on Monday. Applications for those...
  • Official sacked after piggybacking amid flood, report says

    Oct 15, 2013 8:55am
    A village official in flood-hit Zhejiang province was removed from his post after a picture of him being given a piggyback sparked public uproar online, Xinhua news agency reported on Monday. The official, identified only as Wang,...
  • New bridge to boost trade with North Korea, Xinhua says

    Oct 15, 2013 8:46am
    A new bridge will link China and North Korea by 2014 , greatly boosting trade between the two countries, Xinhua news agency reported Monday, citing officials. Also, a new border trade complex, complete with customs, border control...

EJI Weekly Newsletter

Please click here to unsubscribe