US-China trade deal: forget the yuan
Will a possibly imminent US-China trade agreement exacerbate global business cycles or even plant the seeds of the next Asian financial crisis? If the eventual agreement – assuming there is […]
China
The pivotal role of China in the Luxury market
China’s luxury spending sees no sign of cooling down in the coming years, McKinsey & Company stated in a new report released on April 26. It predicted that Chinese shoppers […]
China: tax cuts to reduce pressure on enterprises
China is about to slash the employer contribution rate to the social-security fund from 18-20 per cent, with some variation across regions, to 16 per cent, and cut the value-added […]
Credit Suisse and its joint venture in China
Credit Suisse has agreed to take majority control of Chinese securities venture Credit Suisse Founder Securities (CSFS), boosting its stake to 51% from 33.3% via a capital injection, the Swiss […]
China plans a ban for Bitcoin mining
When China stomps its feet, the world usually reacts. When it comes to Bitcoin and digital currencies, however, the industry has grown so indifferent to the latest Beijing crackdown that […]
China’s gold buying continued in March
The People’s Bank of China (PBOC) increased its gold holdings for the fourth straight month in March, bringing total reserves to 60.62 million ounces. The move is part of China’s […]
China opens the doors to foreign investments
Shortly before Li spoke at his annual news conference, China’s parliament approved the law that aims to create a transparent environment for foreign companies as China and the United States […]
China cuts tax and boosts lending
China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small firms, Premier Li Keqiang said Tuesday, as the world’s second-largest economy […]