At the start of her tour through Asia since becoming US Secretary of State, Condoleezza Rice said the US will bolster its military strength and increase cooperation with its Japanese and South Korean allies in response to China's growing military power. Rising tensions over Taiwan have raised concerns in Washington about China's military buildup, Rice […]
Category:
The chairman of the China Construction Bank, China's largest property lender, unexpectedly resigned amid probes of possible corruption and ahead of a planned international IPO, media reports say, citing unnamed sources familiar with the situation. Though the bank's rating would unlikely be affected by Zhang Enzhao's departure, ratings agency Standard & Poor's said it could […]
Insolvent insurers may be subject to bankruptcy proceedings, state media reported, citing a China Insurance Regulatory Commission source. An insurance protection fund was recently set up to compensate policyholders in case of insurer insolvency.
China's retail sales rose 13.6% to about RMB1trn (US$124.3bn) year-on-year in the first two months of this year, indicating strong consumer demand, the National Bureau of Statistics said. The bureau also reported China's industrial output rose 16.9% to RMB903bn (US$109bn) in the first two months, due to overseas demand for industrial exports, valued at RMB583.8bn, […]
Air China Ltd., the mainland's largest international airline, is selecting investment banks to take the company public as it seeks capital to establish bases in Guangzhou and Shanghai, The Standard reported in Hong Kong, quoting a civil aviation official. Air China is in talks with Swire Pacific Ltd. that could see Air China acquire Swire's […]