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President Xi Jinping

As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

by Ron Morgan
As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

A deepening of economic relations between China and Saudi Arabia will advance the use of the yuan for oil purchases, S&P Global Ratings said in a report on Tuesday – …

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Shanghai to implement policies to boost Yangtze River Delta, galvanised by third plenum

by Anas Siddiqui
Shanghai to implement policies to boost Yangtze River Delta, galvanised by third plenum

He did not elaborate on the policies Shanghai, Zhejiang, Jiangsu and Anhui plan to implement soon, but said tax incentives, reduced red tape and a cut in road toll fees …

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Beijing trains sights on China’s vast finance sector with new anti-corruption body

by Ron Morgan
Beijing trains sights on China’s vast finance sector with new anti-corruption body

Wang vowed that the new watchdog dedicated to financial sector corruption would “resolutely shoulder the political responsibilities”, ensuring China’s financial sector followed the party’s directions closely, according to the article. …

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Peru resolves Chinese megaport dispute as president prepares to meet Xi

by Walter Watson
Peru resolves Chinese megaport dispute as president prepares to meet Xi

Peru and a Chinese state-owned company resolved a dispute over the business model of a massive US$1.3 billion port ahead of a meeting between the presidents of both countries this …

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China’s anti-corruption unit detains provincial market regulator as stock gauge slumps

by Anas Siddiqui
China’s anti-corruption unit detains provincial market regulator as stock gauge slumps

The chief of a branch of China’s securities regulator, was detained by the Communist Party’s anti-graft body for alleged serious violations of discipline and laws, amid disgruntled equity investors’ uproar …

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Opinion | China must avoid another big-bang yuan devaluation

by Anas Siddiqui
Opinion | China must avoid another big-bang yuan devaluation

China’s cyclical and structural economic woes have put further strain on the yuan. Morgan Stanley notes that China is on course for the longest period of deflation since the late …

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China is rolling out the red carpet for venture capital in tech – and foreign funds are welcome

by Anas Siddiqui
China is rolling out the red carpet for venture capital in tech – and foreign funds are welcome

China plans to roll out new measures to coax venture capital (VC) – including funds based overseas – into the country’s technology sector, according to a notice from the State …

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China’s top financial industry officials say Beijing will press on with reforms

by Anas Siddiqui
China’s top financial industry officials say Beijing will press on with reforms

“Only through the opening up, can we possibly attract overseas investors and get them to participate in the process of pricing on the Shanghai Futures Exchange,” Wang Fenghai, general manager …

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Xi Jinping tells top PLA leaders they must eliminate ‘conditions that breed corruption’

by Ron Morgan
Xi Jinping tells top PLA leaders they must eliminate ‘conditions that breed corruption’

The People’s Liberation Army must show absolute loyalty to the Communist Party and there can be no room for corruption in the military, President Xi Jinping told top brass of …

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Chinese stocks poised for ‘another leg up’ after ‘healthy correction’: Goldman Sachs

by Anas Siddiqui
Chinese stocks poised for ‘another leg up’ after ‘healthy correction’: Goldman Sachs

Chinese stocks are set for another bounce following a recent consolidation, with a key meeting in Beijing next month set to inject more supportive measures into the market, according to …

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