French car maker PSA Peugeot Citroën may get more than a new shareholder when it completes a deal with Chinese partner Dongfeng Motor Group. Co: access to a vast pool of new credit. Peugeot, in which state-owned Dongfeng will soon own a 14% stake following a capital increase set to be completed later this year, [...]
China is probing a one-time aide to Zhou Yongkang for discipline violations, the latest official to be ensnared by corruption investigations surrounding the retired Politburo Standing Committee member. Ji Wenlin, vice governor of southern China’s Hainan province, is under investigation for alleged “serious violations of discipline and laws,” the Communist Party’s Central Commission for Discipline [...]
China unveiled rules aimed at making sure banks keep on hand enough cash and other liquid assets after three credit squeezes hit the nation’s financial system last year. The new rules, which will take effect March 1, will put in place a new measurement system designed to help gauge the ability of the nation’s banks [...]
China could prevent more than 13 million smoking-related deaths by 2050 if it adhered more closely to anti-smoking guidelines set by the World Health Organization (WHO), Medical News Today reported. China signed on to WHO’s Framework Convention on Tobacco Control (FCTC) in 2003 but has failed to fully implement the group’s tobacco-control policies. The policies [...]
Chinese officials on Tuesday criticized a United Nations report that served notice to Kim Jong-un, the North Korean leader, that he might be personally held liable in court for crimes against humanity committed by state institutions and officials under his direct control. Hua Chunying, a Chinese Foreign Ministry spokeswoman, called the report “unreasonable criticism,” raising [...]
China’s central bank sold repurchase contracts for the first time since June, draining funds from the banking system as money-market rates sink to the lowest levels in at least three months. The People’s Bank of China conducted 48 billion yuan ($7.9 billion) of 14-day repurchase contracts at 3.8 percent today, according to a statement posted [...]
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