economics


Overseas assets at China’s big five banks close to 10 trillion yuan, but they are still playing catch up

China’s “big five” banks are close to seeing their total overseas assets reach 10 trillion yuan for the first time, but a new study finds that their “performance gap” with foreign global peers is still wide. As the mainland lenders see their international influence grow and continue to expand their presence along the Belt and Road countries, Renmin University and PwC have jointly warned that the incremental increase in the banks’ levels of......

Janet Yellen believes US rate hike appropriate this year

US Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no “fixed timetable” for raising interest rates but she believes the economy is ready for a rate hike by the end of the year. She said during an appearance before the House Financial Services Committee that wh...

trade


Beijing Hosts APEC Summit

As leaders from member countries gather in Beijing for the APEC summit, China is reportedly taking advantage of the opportunity to promote its plans for a Free Trade Area of the Asia Pacific (FTAAP) as an alternative to the Trans-Pacific Partnership (TPP) being negotiated by the United States which excludes China. However, Beijing's attempts to include calls for an FTAAP feasibility study (with a target date of 2025) in the communiqué to be distributed to leaders at the end of the session was thwarted by the US, with a US trade representative spokesman announcing that the two countries will b...

Trade Drops for Phase 1 of Canton Fair 2014

Held twice a year in the city of Guangzhou, capital of the Guangdong province, the Canton Fair has been running since 1957 and is considered to be the largest trade fair in China. The Canton Fair (full name being China Import and Export Fair) is organized by China Foreign Trade Center and supported ...

China’s e-Commerce Market Booming

As Chinese e-commerce company Alibaba prepares for its IPO through the New York Stock Exchange, the Dalian Wanda group in China announced on Friday that it would be entering into an e-commerce joint venture with Baidu and Tencent Holdings to be registered in Hong Kong. Wanda will own 70 percent of t...

culture


No First-Day Pop for Postal Savings Bank of China

(WSJ) The world’s biggest initial public offering this year limped out of the starting gate, closing slightly higher with help from the Goldman Sachs Group Inc. traders tapped to support its shares. Shares in Postal Savings Bank of China... Read more ...

politics


Preparing for Fair Trial in China—An Interview With Human Rights Lawyer Tang Jitian

For years, Beijing-based human rights lawyer Tang Jitian defended casualties of the Chinese Communist Party’s repression—victims of forced land acquisition and building demolition, practitioners of Falun Gong, and other Chinese petitioners. In time, the Party came for Tang, a native of Dunhua in the northeastern province of Jilin. His law license was rescinded without explanation in April 2010. The following month, he learned that he couldn’t travel overseas. One evening in February 2011, police barged into Tang’s home, bundled him away, and beat him. He had earlier met wi...

From Prison to Parliament Hill: One Man’s Journey Through the Chinese Detention System

Lizhi He was sent to jail for over three years in China for mailing letters to his friends explaining his spiritual belief, Falun Gong, which is persecuted by the regime and demonized in the state media. While imprisoned between 2000 and 2004 he was tortured, beaten, and subjected to sleep deprivat...

Chinese Premier Defends Death Penalty

OTTAWA—Chinese Premier Li Keqiang defended China’s use of the death penalty when asked about an extradition treaty with Canada during a joint press conference with Prime Minister Justin Trudeau on Sept 22. “If we abolish the death penalty, more innocent people will probably lose their...