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December, 4, 2016

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China
Insiders have become one of the largest threats to enterprises' critical digital and physical assets, according to research commissioned by EY, a consultancy services provider.
 
All residents in China's restive region of Xinjiang must hand in their passports to local police stations for "examination and management," the Global Times newspaper said Thursday.
 > Other
 
China power plant collapse kills at least 40: Xinhua
At least 40 people were killed when part of a power station under construction in China collapsed Thursday, the official Xinhua news agency reported, the latest industrial accident in a country with a dismal safety record.
 > Other
 
Senior IMF official sees no need for yuan intervention
The recent fluctuations in the value of the yuan are largely in line with nation's economic fundamentals, suggesting no urgent need for an intervention by the central bank in the foreign exchange market, a senior official with the International Monetary Fund said in Beijing on Tuesday.
 
The price war among Chinese TV manufacturers which has been raging for nearly four years is finally approaching a truce.
 
Growth in investment in fixed-assets outstripped the national average of 8.2 percent in 26 provinces, Shanghai Securities News has reported.
 
Celebrities take hit from LeEco woes
More than a dozen Chinese celebrities, including film director Zhang Yimou, may not be able to see high returns from their investment in affiliates of LeEco, becoming the latest victims of the Chinese tech major's cash crunch.
 
After shopping sprees abroad, it's time to really enjoy
Recent yuan depreciation has not dampened Chinese tourists' enthusiasm for outbound trips, but has changed what they do abroad significantly. Now, instead of going on shopping sprees, they savor their leisurely hours.
 
Airline soars on innovation
It took one year for China Eastern Air Holding Co to transform from a debt-laden group to a profit-making one.
 
Wuhan uses key targeted projects to attract expertise
Wuhan, the capital city of Hubei province, is using targeted projects to attracting overseas expertise, both Chinese and foreigners, according to a top official of the city.
 
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