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.


China emphasizes infrastructure for integration

Infrastructure as a means of boosting regional economic growth has become China’s solution in promoting regional integration, experts attending the annual Boao Forum for Asia conference said on Thursday.
Source: Global Times | 2017/3/23 21:53:40

Link would promote mixed-ownership reform, broad market access

Shares in China Southern Airlines (CSA) were suspended from trading in the A-share market in the Chinese mainland and on the stock exchange in Hong Kong on Thursday, following reports that American Airlines might take a stake in the carrier.
Source: Global Times | 2017/3/23 21:53:39

Renminbi clearing in Russia

Industrial and Commercial Bank of China (ICBC) started operating as a yuan-clearing bank in Russia Wednesday, a move set to facilitate the use of the currency and bilateral cooperation in various fields, according to Hu Hao, ICBC’s deputy governor.
Source: Xinhua | 2017/3/23 21:48:40

China Mobile profit up 0.2%

China Mobile, China’s leading telecom services provider, announced on Thursday that net profit rose 0.2 percent to 108.7 billion yuan ($15.8 billion) in 2016. And operating revenue rose 6 percent to 708.4 billion yuan.
Source: Xinhua | 2017/3/23 21:48:39

HK, Armenia among AIIB’s 13 new members

The Asian Infrastructure Investment Bank (AIIB) announced on Thursday that it has accepted 13 new members, including five regional and eight non-regional members.
Source: Global Times | 2017/3/23 21:43:40

Nation plans second request for WTO panel on EU duties

China will soon submit another request that the WTO establish an expert panel to investigate trade discrimination by the EU, a spokesman for the Ministry of Commerce (MOFCOM) said Thursday.
Source: Global Times | 2017/3/23 21:43:39

Tighter regulation looms for online lending

With China stepping up efforts to regulate Internet finance, the sector will experience a period of financial innovation and regulated growth, experts said Thursday. Due to the lack of regulation, risks have emerged in recent years as the sector expanded dramatically in China, Hu Bin, deputy director at the Institute of Finance and Banking of the Chinese Academy of Social Sciences, told the on-going Boao Forum held in South China’s Hainan Province.
Source: Global Times | 2017/3/23 21:42:38

E-commerce goes to school

A 23-year-old Lama sits behind several items he purchased online at a Buddhist college in the Garze Tibetan Autonomous Prefecture, Southwest China’s Sichuan Province on Wednesday.
Source: CFP | 2017/3/23 21:38:39

‘B&R’ bound

A container from an Iran shipping company gets loaded on to a ship on Thursday at the port of Zhoushan in Ningbo, East China’s Zhejiang Province. This marks a new shipping line heading to the Middle East from China under the “One Belt and One Road” initiative. Seven shipping lines are supervised by the authorities of the Dapukou wharf of the port along the “Belt and Road,” according to media reports.
Source: CFP | 2017/3/23 19:38:39

Oil bounces off November lows, but bloated US stockpiles pressure market

Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated US crude inventories and rising output dampen OPEC-led efforts to curb global production.
Source: Reuters | 2017/3/23 19:38:39

Liquidity worries hold down mainland shares

Chinese mainland stocks ended slightly higher on Thursday, despite a slump in Shanghai B shares amid worries over tight liquidity and stepped-up regulation.
Source: Reuters-Global Times | 2017/3/23 19:33:39

Dollar holds its ground against yen

The dollar edged up from four-month lows against the yen on Thursday, but gains were capped by US President Donald Trump’s struggle to push through a healthcare bill.
Source: Reuters | 2017/3/23 19:33:39

As planes fill up, Malaysia Airlines seeks wide-body jets

Malaysia Airlines is looking to lease wide-body planes to boost its network from 2018 and will make a decision on a order of new planes for delivery from 2019 later this year, the carrier’s chief executive told Reuters.
Source: Reuters | 2017/3/23 19:28:40