BIZ

Era of easy money ending in China


Monetary policy will probably get tighter this year in China, but experts said that a liquidity crunch is unlikely in the world’s second-largest economy.


Customized Windows 10 to be available for procurement by Chinese government

Microsoft is looking to make its latest operating system available for the Chinese government, a company spokesperson said on Wednesday, in the most recent sign that the US software giant is readying itself for a reentry into China's market for government software procurement.
Source: Global Times | 2017/3/22 20:12:54

China’s bourses create joint regulatory mechanism

The Shanghai, Shenzhen and Hong Kong stock markets are working together on a joint regulatory mechanism to deal with the issue of cross-border regulation, domestic news portal cnstock.com reported on Wednesday.
Source: Global Times | 2017/3/22 19:38:40

Shares slide on concerns of tightening liquidity for banks

Chinese mainland stocks fell on Wednesday due to worries over tightening liquidity in the domestic banking system, and uncertainty over whether US President Donald Trump will be able to get his economic policies approved in a timely fashion.
Source: Reuters-Global Times | 2017/3/22 19:38:39

Dollar approaches 4-month low against yen

The dollar struggled near a four-month low against the yen on Wednesday as a bout of investor risk aversion hit US stocks and pulled US Treasury yields sharply lower, eroding the greenback’s interest rate allure.
Source: Reuters-Global Times | 2017/3/22 19:38:39

Charged up

A driver checks out an electric car on Wednesday at an auto rental center in Dongying, East China’s Shandong Province. Currently, 10 centers in the city have 200 electric vehicles available for rent. The maximum rate to rent one of the vehicles is 58 yuan ($8.42) per day.
Source: CFP | 2017/3/22 19:38:39

German European SME Center in Taiyuan

Taiyuan Stainless Steel Industrial Park, a provincial development zone in Taiyuan, is the only one in China specializing in intensive stainless steel manufacturing, with a planned area of 18.36 square kilometers.
Source: Global Times | 2017/3/22 19:08:39

Autograph Collection group debuts hotel in China’s Sanya

Autograph Collection Hotels, a group of luxury hotels under the Marriott International banner, opened The Shanhaitian Resort Sanya, Autograph Collection on March 18, marking the brand’s debut in China.
Source: Global Times | 2017/3/22 18:43:39

Family-owned conglomerate leaves bankers in the cold in $23b telecom tie-up

One might figure that India’s $72 billion in merger and acquisition (M&A) deals in 2016 would have investment bankers scrambling to get into the country. One would be wrong, however. In a recent $23 billion tie-up between India’s Idea Cellular and the Indian subsidiary of Vodafone Group, Vodafone hired six outside advisors. Idea Cellular hired none. Rather than bringing in big investment banks for advice on such deals, India’s family-owned conglomerates have increasingly been turning to their own in-house teams of advisors. The trend, bankers said, is about bringing back control for Indian tycoons behind some of the country’s biggest companies. The result: More and more big banks are pulling out of the country.
Source: Reuters | 2017/3/22 18:28:39

China to add high-speed train service

China will open a new high-speed train service linking the central industrial hub of Wuhan with Zhuhai City on the southern coast in April.
Source: Xinhua | 2017/3/22 13:50:46

PepsiCo GCR’s CEO talks water conservation

March 22 is the 25th World Water Day. This year’s theme is “Why waste water?” As one of the largest beverage producers in the world, PepsiCo has always been a pioneer in water conservation. Global Times (GT) interviewed Mike Spanos (Spanos), the president and CEO of PepsiCo Greater China Region (PepsiCo GCR) who shared some of the company’s water conservation strategies.
Source: Global Times | 2017/3/22 10:48:39

China to finance social construction projects in Great Stone Park in Belarus

China will provide technical and economic assistance in the development of social infrastructure in the China-Belarus Industrial Park Great Stone, said a senior manager from the state-owned China Merchants Group Tuesday.
Source: Xinhua | 2017/3/22 10:35:27

Chinese brands call for reform with innovation

In China, even farmers are aware of the importance of supply-side structural reform. Their willingness to shell out huge amounts for imported equipment illustrates the need for high-quality domestic products.
Source: Xinhua | 2017/3/22 8:02:03

Russia remains world's top oil producer in January

Russia continued to be the world's largest oil producer in January for the second consecutive month, official data showed Tuesday.
Source: Xinhua | 2017/3/22 7:52:15