SHANGHAI — China has raised its quota for stock investments by foreign institutional investors, in a step toward easing controls on its tightly regulated domestic share markets. The China Securities Regulatory Commission announced Thursday that it was more than doubling the current quota, by $50 billion, to $80 billion. Regulators have struggled to stir up...
As relations with the United States continue to thaw for Pakistan — a situation that has changed little since NATO strikes inadvertently killed 24 Pakistani soldiers back in November — Islamabad has sought refuge from its old friends in Beijing. After meeting at the Boao Conference this past weekend, Pakistani Prime Minister Yusuf Raza...
By Chris Oliver, MarketWatch HONG KONG (MarketWatch) — China’s consumption boom is drawing to a close, according to one economist’s contrarian view, which calls for no growth — or even a contraction — in the Chinese economy and the advent of an era of deflation and weaker spending. Investments leveraged to the rise of...
Hainan Rendez-Vous The southern Chinese city of Sanya plays host to the Hainan Rendez-Vous yacht and jet show, April 5 to 8. Hainan Rendez-Vous Yacht owners make up a fraction of China’s high-net-worth individuals, but yacht companies are hoping that will change. A battle is unfolding in the South China Sea: the fight to win...
HONG KONG — China’s newly announced decision to open its markets to more foreign investment, combined with expectations that Beijing may soon take additional steps to bolster flagging economic growth, helped stocks in mainland China shrug off the gloom in global markets, posting healthy gains Thursday. The mainland Chinese market has lagged behind much...
China’s resort city of Sanya is expected to face a “huge correction” in its hotel market in the next two years as the supply of luxury accommodation triples by early 2013, the head of its tourism association said. The average hotel occupancy rate in Sanya, located on the tropical island known as China’s Hawaii,...
BEIJING | Thu Apr 5, 2012 3:39am BST BEIJING (Reuters) – China’s services sector expanded solidly in March and business confidence hit an 11-month high, though overall activity remained below its long-term average, a private sector survey of purchasing managers showed on Thursday. The seasonally adjusted HSBC Services Purchasing Managers Index (PMI) stood at...
