China will send a delegation to Washington towards the end of August for continued trade negotiations, the country’s commerce ministry said in a statement on Thursday. The statement read that Vice Commerce Minister Wang Shouwen would head the team and meet members of the US Treasury regarding “economic and trade issues between China and the […]
Category: Brief
China’s state-owned asset managers are being drafted in to help clean up some of the financial risks in the peer-to-peer (P2P) lending industry, following a wave of liquidity crises and anger among investors. The China Banking and Insurance Regulatory Commission met with executives from the asset managers earlier in the week to discuss ways to […]
E-commerce giant JD.com disappointed with its quarterly earnings release on Thursday, where it dipped back into loss-making territory from April to June. Despite taking Rmb 122.3 billion ($17.73 billion) in sales during the period – a 31% jump from the same time last year – the market consensus according to a Reuters poll expected sales […]
Malaysia’s recently elected Prime Minister Mahatir Mohamad is looking to rebuild bridges with Beijing as he flies to the Chinese capital on Friday for a five-day visit that will include meetings with President Xi Jinping and Premier Li Keqiang, the South China Morning Post reports. The 93-year old has previously said that “unfairness” regarding China’s roles in […]
China invested Rmb 990 billion ($143.6 billion) in its huge project to redevelop the country’s urban shantytowns during the first seven months of 2018, Reuters reports. The huge investment program is designed to demolish poor-quality, run-down housing, particularly in China’s smaller cities, and move the displaced residents into more modern properties. The scheme also has the added […]