China made a late push to curry international favour on Tuesday by saying the country aims at opening its economy “even wider” to the outside world, the Financial Times reports. Speaking in Hamburg, Liu also promised that the government was working at “greatly improving” intellectual property protection for foreign companies in China. He then called […]
Category: Brief
China’s market regulators will publish a comprehensive list of companies deemed “systemically important financial institutions” (SIFIs), in a move to grant greater protection against 2008-style market crises. The list of over 50 financial institutions, including banks, securities firms and insurance companies, will be subject to additional regulatory requirements on liquidity, leverage ratios and large investments, […]
Hundreds of Google staff have expressed their opposition to the tech giant’s latest plans to launch a censored version of its search function on the Chinese mainland, triggering support from human rights activist groups, Reuters reports. In an open letter published on blogging site Medium, the employees said that concessions made to the Chinese government […]
Tanzanian President John Magufuli has accused Western lenders of attaching unfair and unrealistic conditions to their aid to developing countries and praised China’s position of not interfering in debtor nations’ domestic affairs. “China are true friends who offer help without any conditions,” Magufuli said at the ribbon-cutting ceremony for a $39 million university library built […]
Beijing posted record land sales for a single day on Monday with a total of $4.6 billion of transactions, providing a shot in the arm for China’s sluggish property sector, Caixin reports. Beijing’s municipal government auctioned 13 plots with 12 of them selling. Both the number of plots sold and the total value of the […]