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China sets up super regulator to mend over fragmented financial regulatory structure

HONG KONG: China President Xi Jinping has ordered the establishment of a super regulator with powers to coordinate the supervision and management of financial stability, finally putting into action a plan that has been in the works for at least a decade to mend over the country’s fragmented regulatory structure.


China Eastern to enter Asia’s budget air travel

SHANGHAI: AirAsia Bhd and other regional budget airlines will face a new powerful competitor when China Eastern Airlines Company Ltd, one of the world’s Top 10 airline groups, expands its budget air travel to the Asian region outside China.

Corporate News

KFC owner defies China slowdown with robot servers

SHANGHAI: KFC’s owner in China is pushing ahead with expansion plans, opening two stores a day in the world’s biggest consumer market and banking on technology to help it cut costs, even as carmakers and industrial companies signal demand there is deteriorating.

Corporate News

Chinese firms cementing role in South China Sea in areas disputed by Malaysia, others

HONG KONG/SHANGHAI: Beijing's giant state-owned enterprises are playing an increasing role in China's build-up in the South China Sea and could seek to cement their dominant position in coming years, according to new research.


Trade war hits the one thing that was working – energy exports to China

LAUNCESTON: US President Donald Trump claims that his tariffs on trade are “working big time”, but this ignores signs that the best hope the United States had for boosting exports to China is being crushed as Beijing clamps down on energy imports.


China currency moves hang in the balance in US trade spat

U.S. President Donald Trump's latest complaint about China devaluing its currency is off base. But the yuan could potentially become a major sticking point in efforts to resolve the trade dispute between the world's two biggest economies.


US targeting ‘Made in China 2025’ plan

BEIJING: The US is taking aim at President Xi Jinping’s strategy to make China a global leader in the high-tech industries of the future.


World's largest amphibious aircraft can fly from China to near Sarawak(Update)

BEIJING: China's domestically developed AG600, the world's largest amphibious aircraft, performed its maiden flight on Sunday from an airport on the shores of the South China Sea. It can fly non-stop from China to near Sarawak, Malaysia, and back withour refueling.


China Southern shares climb

BEIJING: Shares of China Southern Airlines Co climbed in Hong Kong trading after Asia’s biggest carrier said it is in talks to sell a stake to American Airlines Group Inc.


Morgan Stanley bullish on China

MORGAN Stanley expects China to avoid a financial shock and achieve high-income status by 2027. Its view is that moving to higher value-added activities will propel the economy forward and drive the continued medium-term outperformance of MSCI China versus MSCI Emerging Markets, providing significant investment opportunities.