Archive for January 21st, 2017

China GDP beats expectations but debt risks loom

21-Jan-2017 Intellasia | Reuters | 6:00 AM

China’s debt levels are manageable, the statistics bureau said on Friday. Ning Jizhe, head of the National Statistics Bureau, made the comment in a news conference in [...]
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China aims to build world’s first exascale supercomputer prototype by end of 2017

21-Jan-2017 Intellasia | The Verge | 6:00 AM

Building supercomputers is a digital arms race, and China is moving quickly to solidify its lead. Last year, the country unveiled the world’s fastest supercomputer, the [...]
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China state banks offer funds in bid to cool fierce liquidity squeeze, yuan dips

21-Jan-2017 Intellasia | Reuters | 6:00 AM

Short-term funding costs in China shot to their stiffest level in nearly 10 years on Thursday on fears of a cash crunch heading into its most important holiday of the year, [...]
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China is working hard to support its currency – it sold US government bonds for six straight months

21-Jan-2017 Intellasia | CNBC | 6:00 AM

China is selling US Treasurys at a record pace, indicating continued pressure to support the yuan and keep money from leaving the country. In continuous selling over the six [...]
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Paramount Pictures in $1 billion deal with China film companies

21-Jan-2017 Intellasia | Reuters | 6:00 AM

Viacom Inc’s Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group and Huahua Media, giving the US studio [...]
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Trump’s Tough Talk on China has Beijing, World Watching

Trump’s Tough Talk on China has Beijing, World Watching

21-Jan-2017 Intellasia | VOA News | 6:00 AM

The world will be watching when businessperson Donald Trump is officially sworn in January 20 as the 45th president of the United States, few with greater interest than [...]
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9 questions about China you were too embarrassed to ask

21-Jan-2017 Intellasia | VOX | 6:00 AM

Over the past eight years, US-Chinese relations have taken the shape of two fearsome giants who eye each other with caution – but also consistently find more reasons to [...]
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How China’s liberals are feeling the Trump Effect

21-Jan-2017 Intellasia | Washington Post | 6:00 AM

Chinese like me – pro-democracy liberals – have been pushing for years to end the one-party dictatorship in our country. Most of us long regarded the US political [...]
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Can China make it 4 quarters of identical growth in a row?

21-Jan-2017 Intellasia | CNN | 6:00 AM

China’s pace of economic growth is on a remarkably steady run. For the past three quarters, the world’s second largest economy has grown at exactly the same rate [...]
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China EV Startup Future Mobility to Build $1.7 Billion Factory

21-Jan-2017 Intellasia | Bloomberg | 6:00 AM

Future Mobility Corp., the electric-car maker that counts former executives at BMW AG and Nissan Motor Co. among its founding shareholders, will spend 11.6 billion yuan ($1.7 [...]
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China’s Cnooc to Raise Spending First Time Since Oil’s Plunge

21-Jan-2017 Intellasia | Bloomberg | 6:00 AM

Cnooc Ltd plans to raise capital spending for the first time since crude began its crash in 2014 as China’s biggest offshore oil and gas producer prepares for life [...]
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Alibaba Olympics Sponsorship Deal Said to Be Worth $800 Million

21-Jan-2017 Intellasia | Bloomberg | 6:00 AM

Alibaba Group Holding Ltd’s deal to sponsor the Olympic Games through 2028 is worth $800 million, according to a person familiar with the matter. The agreement, the [...]
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A Default Storm Is Brewing Over China Junk Bonds

21-Jan-2017 Intellasia | Bloomberg | 6:00 AM

A default storm is brewing for China’s lower-rated corporate bonds with a record amount maturing just as borrowing costs surge. Regulators are curbing leverage, pushing [...]
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Alibaba’s Ma Wants to Avoid US-China Trade War at all Costs

21-Jan-2017 Intellasia | Bloomberg | 6:00 AM

Alibaba Group Holding Ltd Chair Jack Ma said that a trade war between the US and China would spell disaster for the world, and that he’d do anything in his power to [...]
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China launches state financial media group-Xinhua

21-Jan-2017 Intellasia | Reuters | 6:00 AM

China has merged five state media companies in a bid to improve the quality and influence of the country’s economic and financial news services, state news agency [...]
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