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 Highway forms joint venture with Surbana Jurong

Singapore urban, industrial and infrastructure consulting firm Surbana Jurong said Wednesday it had formed a joint venture (JV) with China Highway Engineering Consulting Corp to provide design and consultancy services for highway and municipal projects.
Source: Reuters-Global Times | 2017/3/22 22:58:40

Figuratively speaking

Insurance premiums in China for the first two months of the year, up 31.3 percent year-on-year, data from the China Insurance Regulatory Commission showed on Wednesday. Total assets of the country’s insurers’ rose to 15.96 trillion yuan ($2.32 trillion) as of the end of February, up 5.56 percent from the beginning of the year.
Source: Global Times | 2017/3/22 22:58:39

Lotte Mart suppliers requesting payment as chain closes most outlets: report

Lotte Mart, retail business arm of South Korea's Lotte Group, has reportedly been pressed for payment by suppliers at a gathering in its Beijing headquarters, amid a widespread closure of its retail chain stores in China.
Source: Global Times | 2017/3/22 22:53:40

Airbnb embarks on China push with more employees, local name

US short-term rental giant Airbnb Inc will triple its China staff this year as it targets the country's millennial consumers, its chief executive said on Wednesday.
Source: Reuters | 2017/3/22 22:53:40

Alibaba to establish e-hub in Malaysia, lift digital economy

Alibaba Group Holding announced on Wednesday the establishment of an e-hub in Malaysia under the Electronic World Trade Platform (eWTP) initiative proposed by Jack Ma Yun to push the digital economy in the Southeast Asian nation.
Source: Global Times - Xinhua | 2017/3/22 22:53:40

Baidu scientist who led AI push says he’ll quit

Internet giant Baidu Inc chief scientist Andrew Ng said on Wednesday he will resign from the Chinese search engine company after three years of leading its drive into artificial intelligence (AI) and augmented reality (AR) projects.
Source: Reuters-Global Times | 2017/3/22 22:53:39

May set trend of ending deposits for creditworthy riders

As the battle for market share among Chinese bicycle-sharing companies heats up, one competitor - Bluegogo - announced Wednesday that it's teaming up with the financial arm of Alibaba Group Holding, so riders with good credit ratings won't need to pay a deposit to use Bluegogo's bikes.
Source: Global Times | 2017/3/22 22:48:39

Dongfeng Honda recall

Dongfeng Honda will recall a total of 21,150 vehicles due to potential fire hazards and defective three-way valves, according to Chinese regulators.
Source: Global Times | 2017/3/22 22:13:40

Hubei-Zhuhai rail link

A new high-speed train service linking the central industrial hub of Wuhan, Hubei Province with Zhuhai, South China’s Guangdong Province, is set to open on April 16.
Source: Xinhua | 2017/3/22 22:13:39

Investment to remain buoyant in ‘Belt, Road’

Chinese companies’ strategic acquisitions and investments related to the “One Belt, One Road” initiative are expected to remain buoyant in 2017 despite an uncertain global political and economic outlook, according to a report released Wednesday.
Source: Xinhua | 2017/3/22 22:08:40

Financial-sector cooperation crucial in expanding relationship with UK, officials say

Cooperation between China and the UK in the financial sector is crucial for their expanding relationship, and both nations are seeking closer links between their financial infrastructures, officials from the two countries said in London on Tuesday.
Source: Xinhua-Global Times | 2017/3/22 22:08:40

EU opposes China WTO request

The EU on Tuesday opposed the request of China, which previously asked the WTO to create an expert panel to examine the “surrogate country” approach used by the block to calculate anti-dumping measures applied to Chinese exports.
Source: AFP-Global Times | 2017/3/22 22:08:39

Close call

A light rail passes through an apartment building in Southwest China’s Chongqing Municipality on Wednesday.
Source: IC | 2017/3/22 22:03:39