May 17th
KUALA LUMPUR, May 17 — Asian low-cost pioneer AirAsia X is to commence service to Beijing. The carrier will begin flights on June 22, increasing the frequency to and from China’s booming capital in August. The news is likely to be welcomed by passengers as the new flights will replace its current service to Tianjin, which is around 100km from …
See more here: AirAsia becomes latest low-cost name to land in Beijing
May 16th
BEIJING, May 16 – China should quicken the pace of launching new financial instruments and capital markets must to be strengthened to improve their contribution to supporting economic activity, central bank governor Zhou Xiaochuan said today. Zhou made his comments in a speech to an audience of financial regulators and industry …
Visit link: Need for faster financial instruments launch, says China’s central bank
May 14th
CHONGQING, China, May 14 — Frank Chuang proudly surveys his immaculate new car plant as partly assembled versions of the Ford Focus travel down the production line.
See more here: Far behind rivals, Ford tries to play catch-up in China
May 11th
NEW YORK, May 12 — Global stocks rebounded on Friday on data that showed US consumer sentiment rose to its highest level in more than four years in early May, but commodity prices fell after weak data from China reduced demand expectations. European and US stocks turned higher after the Thomson Reuters/University of Michigan survey showed that …
See the original post: Stocks rebound, euro gains on sentiment data
May 11th
BEIJING, May 11 — China’s economy stuttered unexpectedly in April with lower than expected output data, softening retail sales and easing prices suggesting economic headwinds might be stiffer than thought, requiring more robust policy responses to counter them.
Original post: China economy shows unexpected signs of weakness
May 10th
BEIJING, May 10 – The world’s top four accounting firms will have to bring in Chinese citizens to run their operations in China and end the dominance of foreign partners under new rules announced by the Finance Ministry today. Though the rules on the Big Four auditors – Deloitte Touche Tohmatsu, Pricewaterhousecoopers, Ernst & Young and KPMG – are …
Here is the original post: China orders ‘Big Four’ auditors to restructure
May 9th
After government criticism and a temporary shutdown of Web comments, China’s biggest microblogging site plans to introduce a “user contract” that could impede the free flow of information.
See the original post: China’s Sina Weibo creates ‘user contract,’ increasing censorship
May 7th
HONG KONG, May 7 — Hong Kong shares suffered its worst per centage loss in five months today, as renewed doubts about the euro zone’s ability to tackle its debt crisis after elections in Greece and France hit oil firms and outperforming stocks. The Hang Seng Index closed down 2.61 per cent at 20,536.65. The China Enterprises Index of the top ..
Read more: Hong Kong shares end down 2.6pc in worst loss in 5 months
May 4th
BEIJING, May 4 — The United States supports China’s bid to have the yuan included in the International Monetary Fund’s basket of currencies, Chinese Vice-Premier Wang Qishan said today after high-level talks between Beijing and Washington. China wants the yuan to be part of the IMF basket of currencies as part of long-term plans to turn the yuan …