China's manufacturing sector is still suffering from weak demand, according to the latest Purchasing Managers' Index for March, adding to signs that the world's second-largest economy slowed in the first quarter.
"The Chinese market is as important, and eventually may well be even more important, than the US market. The people who lead our company in the future have to have personal experience in China."
Consumption
Miao Wenwei, chief of Eastern Steel Company in the Ethiopian capital, Addis Ababa, says his company arrived in Africa just at the right time.
That all four major State-owned banks in China had cut their daily transfer limits to Yu'ebao, a fund management platform of Chinese e-commerce giant Alibaba Group Holding Ltd, to 5,000 yuan ($820) from the previous 50,000 yuan by last weekend, raises a vexing question: What law gives banks the power to restrict customers' rights to manage their own wealth?
The risk associated with the debt of some inland local governments is significantly higher than for their coastal counterparts, the chairman of Beijing-based Dagong Global Credit Rating Co Ltd said on March 25.
Gone are the good old days when speculation on the Chinese yuan simply referred to acquisition.
Even as China, South Korea and Japan held the fourth round of talks in Seoul earlier this month for a trilateral trade treaty, some changes in the web of relationships linking the countries were developing under the radar.
Beijing wants a clear explanation from Washington over a report that the US National Security Agency infiltrated servers in the headquarters of Chinese telecommunications giant Huawei Technologies Co Ltd, a Chinese Foreign Ministry spokesman said on March 24.
China on March 24 made it easier for its companies to carry out cross-border mergers and acquisitions, senior officials said.
On July 1, China will for the first time integrate customs clearance in the Beijing-Tianjin region in order to speed up cargo clearance.
An integrated transport network will get a major boost in the Beijing-Tianjin-Hebei area this year as regional authorities seek to improve coordination.
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