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October, 23, 2016

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Lenders 'need new sources of growth' as NPLs up
An analysis by international accounting firm PricewaterhouseCoopers (PwC) of 30 A and H-share listed banks found that the Chinese banking sector was in urgent need of new sources of growth-as the sector confronts slower profit growth, shrinking interest margins and rising nonperforming loans.
China invested more money abroad last year than foreign firms piled into the country, data showed Thursday, a first for the world's second-largest economy as Beijing looks overseas as part of its drive to transform its economic growth model.
Sino-German Media Co Ltd, a TV production joint venture, said it hopes to produce more programs about Chinese culture at its production center in Tianjin to show to viewers in Germany.
With environmental issues looming high on policymakers' agendas, China is grabbing the lion's share of global green funding, demonstrating the country's potential as the game changer for the green bond market.
Banks digging deep to help revamp Shanxi coal sector
Banks in northern China's Shanxi province are actively implementing credit policies designed for the business circumstances of each individual coal mining company-to help drive an aggressive transformation and upgrading of the sector.
LeEco defines new era in internet ecosystem
Chinese internet ecosystem company LeEco has stood at the future direction of cellphone manufacture and given a new definition to lead an era, Feng Xing, the company's vice president, said on Wednesday in Beijing.
Microsoft eyes huge potential in China's rising cloud market
Microsoft Corp will increase investment in China's cloud computing market and the scale of its cloud platform Microsoft Azure will grow at least tenfold in China in the next few years, a top executive in charge of the company's cloud service said on Wednesday.
China probes company accused of N. Korea trade violations
Chinese authorities are investigating a company that researchers say sold North Korea materials that can be used by its growing nuclear weapons program in a crackdown that reflects Beijing's growing frustration with its isolated neighbor.
Aided by Microsoft, China Daily aims high by moving to the cloud
China Daily, the country's leading English-language newspaper, signed a Memorandum of Understanding with Microsoft on Wednesday to further its digital integration and enhance its capability to provide more targeted and more valuable multimedia products to its global audience.
Steelmakers closer to creating mega mill
Two of China's biggest steelmakers agreed to merge their listed units, moving a step closer to a union that would create the world's second-biggest mill.
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