China limits banks’ wealth management business -paper

China’s banking regulator has begun restricting lenders’ wealth management business, banning products that it says involve excessively high risk, the Shanghai Securities News reported on Tuesday, citing unidentified government officials. Chinese banks have been rushing…

A taxing issue for online shops

E-commerce may lose its competitive edge, report Yang Wanli and Chen Limin in Beijing. It started a year ago, when China issued its first regulation targeting online trade and services. Then, last month, Wuhan city…

China South City project brings ASEAN benefits

Nanning, the capital of the Guangxi Zhuang autonomous region has plans for a large trade and logistic project to bring prosperity and to increase cooperation with ASEAN countries, with help from the local government. Additional…

Light industry expo beckons this autumn

The 2011 China-ASEAN Light Industrial Products Exposition to be held in Nanning, the capital of Guangxi Zhuang autonomous region, October 21 to 26, will have a vast array of products that are closely related to…

Bridge changes China’s image

Project success provides visibility, credibility in global infrastructure SHANGHAI – “Made in China” used to be synonymous with cheap consumer goods, but one machinery maker wants to change the image of the nation’s manufacturing sector…

China’s summer grain output up 2.5 pct this year

Despite unfavorable weather, China has had a successful summer harvest this year, with summer grain output up 2.5 percent year-on-year, according to the National Bureau of Statistics (NBS). The NBS said in a statement posted…