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Articles in the Business Category

Business, China, Headline »

[30 Jun 2017 | No Comment | ]

By PAUL MOZUR and CECILIA KANG in The NY Times online, JUNE 29, 2017
When President Trump talked tough about China’s economic impact on America during the campaign, he criticized its trade policies and its approach to its currency.
Yet one of the first pieces of legislation under the Trump administration that could have a major impact on the economic relationship between the two countries centers on something different: Chinese deal making in the United States.
White House officials and a group of lawmakers on both sides of the aisle are pushing for …

Business, China, Headline »

[30 Jun 2017 | No Comment | ]

by Zhenhua Lu, US correspondent in South China Morning Post, June 30, 2017
Zhenhua Lu, US correspondent
The US will impose unilateral sanctions on one Chinese bank, two individuals and one shipping company over their alleged “illicit financing” and “continued support” of North Korea’s nuclear and ballistic missile programmes, US Treasury Secretary Steven Mnuchin announced on Thursday at the White House.
The US Treasury has identified the Bank of Dandong “to be a foreign financial institution of primary money-laundering concern”, serving as “a gateway for North Korea to access the US and international …

Business, China, Headline »

[22 Jun 2017 | No Comment | ]

by Sarah Zheng in South China Morning Post, June 22, 2017
China’s controversial “straddling bus” – the elevated vehicle that cruises over the tops of cars – has abruptly come to the end of the road.
Workers have begun dismantling the test site for the Transit Elevated Bus (TEB), a futuristic hollow-bellied bus-train hybrid which stands two metres above the road, and will demolish it by the end of the month, according to the state-run China News Service.
The widely-hyped vehicle in the city of Qinhuangdao in Hebei province went through trial runs …

Business, China, Featured »

[21 Jun 2017 | No Comment | ]

by Wendy Wu in South China Morning Post, June 21, 2017
From mobile payments to online lending, China’s boom in “fintech” applications is creating new headaches for regulators used to supervising conventional financial deals.
If regulators stay out of the financial technology explosion, the popularity of non-conventional financial services may make the state-backed financial system irrelevant. That can create huge risks, as was the case in 2015’s stock market rout. But if regulators step in too deep, intervention can easily kill new services and wipe out the advantages China enjoys as …

Business, China »

[21 Jun 2017 | No Comment | ]

By Hu Weijia in Global Times, June 20, 2017 at 21:33:39
The author is a reporter with the Global Times.
China has created “the largest macro bubble in our lifetime,” the New York Times said recently, citing an analyst at Capital Economics. Although exaggerated rhetoric is often used by Western economists in regard to the Chinese economy, risks in the country’s financial system do deserve attention. Financial risks are mounting on the back of the recent surge in the property market and rising corporate debt, and the government is aware of the …

Business, China, Featured »

[20 Jun 2017 | No Comment | ]

Reuters report in South China Morning Post, June 20, 2017
The number of rich people in China has risen nearly nine times in a decade, a private survey released on Tuesday showed, as strong growth in the world’s second-largest economy spurred wealth creation.
Chinese with at least 10 million yuan (US$1.47 million) of investable assets hit 1.6 million in 2016, up from 180,000 in 2006, according to the 2017 China Private Wealth Report by Bain Consulting and China Merchants Bank.
The overall value of the private wealth market increased to …

Business, China, Diamer Dam, Health, Pak Media Report, Pakistan »

[18 Nov 2015 | No Comment | ]

By Mehtab Haider in The News,, November 18, 2015
ISLAMABAD: China’s Ambassador in Pakistan Sun Weidong said that Beijing would continue increasing financial support for Pakistan in phased manner in order to create win-win situation for both the countries.
While confirming Pakistan’s request to China for inclusion of $14 billion Diamer Bhasha dam into China-Pakistan Economic Corridor (CPEC) framework, Federal Minister for Planning and Development Ahsan Iqbal said that Pakistan and China were converting from geo- strategic relation to economic-strategic ties under the game changer CPEC initiatives.
“It depends upon the need of …

Business, China, Featured »

[23 Oct 2015 | No Comment | ]

The writer is a senior political economist based in Islamabad
I had written in these columns (May 29) that the “Annual Plan Coordination Committee meeting on May 26 left no doubt where the priority lies” and that “the eastern route has become a fait accompli”. Now the executing agency of the China-Pakistan Economic Corridor (CPEC), the National Highway Authority (NHA), has informed the Senate Committee on Communication that the allocation for the western route is Rs20 billion compared to Rs110 billion for the eastern alignment. This allocation pattern confirms that the …

Business, Headline, Trade »

[25 Dec 2012 | No Comment | ]

ISLAMABAD, Dec 25: The banking sector of the country was not capable of financing the Iran-Pakistan gas pipeline but the State Bank could raise funds for the project by launching bonds, Adnan Adil Hussain, senior vice-president for consumer and retail banking at the National Bank, said on Tuesday.
Talking to reporters, he said his bank entered such ventures only on the basis of commercial viability. “We are already in a consortium to finance the Neelum-Jhelum power project.
“However, entering the IP pipeline project is possible if the central bank gives guidelines,” he …

Business, China »

[3 Jun 2010 | One Comment | ]

By Wieland Wagner in DER SPIEGEL, June 2
German businessman Mohammad-Reza Mouazzen wanted to expand his heavy equipment company into China. But it didn’t take long before he realized that the country’s economic miracle has a dark underbelly.
Expo 2010 is underway in Shanghai, and the luxury bars along the Huangpu River are filled with the delegations of Western companies drinking toasts to the new partnerships they have just formed with Chinese companies. In March, this was also where the Chinese adventure of M.C.M., a construction machinery dealer from the southwestern German …