China suspends G20 anti-corruption task force – sources

By Michelle Price HONG KONG, Apr 20 : China suspended an international anti-corruption task force earlier this year after taking over the G20 presidency, according to six individuals in the group, who called it a setback to global efforts to crack down on shell companies used to conceal assets. The so-called “Business 20” Anti-Corruption Taskforce, […]

Hundreds of bereaved Chinese protest over ‘one-child’ compensation

By Joseph Campbell and Kim Kyung-Hoon BEIJING, April 18 : Hundreds of Chinese parents who had lost their only child protested in Beijing on Monday, demanding more compensation from the government for a decades-long “one-child policy”, which they said left them without family support. Last year, the ruling Chinese Communist Party announced it would relax […]

Pakistan’s largest bank granted Chinese licence

By Syed Raza Hassan KARACHI, Pakistan Apr 18 :Pakistan’s largest bank, Habib Bank Limited, said today it had won a licence to operate a branch in the Chinese city of Urumqi, the first South Asian bank to be granted such a licence. The opening of the Pakistani bank in Urumqi, the capital of the violence-prone […]

China growth hopes reduce urgency of more stimulus steps, policy advisers say

By Kevin Yao BEIJING, Apr 18 : China’s leaders sound more confident that the world’s second-largest economy has arrested a slide in growth to quarter-century lows, but their policy advisers caution it is too early to call an end to a cycle of easing that began in 2014. Signs the economy is picking up give […]

Motor racing-Vettel hits out at ‘torpedo’ Kvyat

By Abhishek Takle SHANGHAI, April 17 : Sebastian Vettel and Daniil Kvyat engaged in a verbal spat after Sunday’s Chinese Formula One Chinese Grand Prix as the four-times champion blamed the Russian for pushing him into a collision with team mate Kimi Raikkonen. The two Ferraris came together at the first corner in the race […]

China’s bond yields up on the week as traders expect less monetary easing

By Nathaniel Taplin SHANGHAI, Apr 15 : Chinese bond yields were up on the week on Friday, as the market priced in strong supply growth and a likely slower pace of monetary easing following strong March activity data. The market showed little reaction on Friday to China’s gross domestic product (GDP) growing at an annual […]