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December, 10, 2016

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Business > Asia > China
Mainland China to halve cash withdrawals in Macau: report
China is to halve the cash machine limit for certain cardholders visiting the gambling enclave of Macau, in its latest effort to curb massive capital outflows caused by the falling yuan, Hong Kong media reported Friday.
 
Chinese producer prices rose at their fastest pace for five years in November, Beijing said Friday, fueling hopes that the world's factory can export inflation into a lackluster global economy.
 
China has indicated it may relax restrictions on foreign investment in some sectors as it struggles to balance an overseas exodus of capital and faces accusations of protectionism from U.S. President-elect Donald Trump.
 
China market embraces Christmas
A woman and a child pose for a souvenir photo near a Christmas lights decoration on display outside an office building in Beijing, Thursday, Dec. 1. Although Christmas is not traditionally celebrated in China, a growing number of businesses are trying to whirl up some holiday spirit -- and shopping.
 
Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.
 
Nearly US$60 billion passed through China's biggest illegal online casino before it was broken up by authorities, a court said.
 
China's President Xi Jinping signed new trade deals on Monday with Peru, one of its partners in its drive to boost world trade in the face of protectionist stirrings.
 
Chinese conglomerate Fosun will become the biggest shareholder in the ailing BCP, Portugal's biggest private bank, by agreeing to buy a 16.7 percent stake, the two sides said Sunday.
 
Chinese President Xi Jinping touted his country as a leader on free trade at a summit of Asia-Pacific leaders Saturday, stepping up to fill a void left by U.S. President-elect Donald Trump's protectionism.
 
China retail sales growth slows in October, investors remain unfazed
China's retail sales growth slowed to 10.0 percent year on year in October, government data showed Monday, missing expectations in a worrying sign for domestic demand in the world's second-largest economy.
 
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