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China Signs Trade Deals With UK Worth £14 Billion

Thursday, June 19th, 2014

As the Chinese Premier Li Keqiang visits Britain, the country has announced a wish to back large infrastructure projects within the UK. To this end, China has signed £14 billion worth of trade deals with the UK. Specifically, the China Development Bank (CDB), which is owned by the state and considered one of the world-leading […]

UBS Moves Into Chinese Futures Market

Monday, February 17th, 2014

An agreement has been reached that will see Swiss bank affiliate UBS Securities purchase a controlling share in Shanghai Pumin Futures Brokerage. The move will see the bank gain access to the Chinese financial futures market, currently a thriving financial arena. UBS said that it had gained approval from regulators for the purchase, which will […]

Samsung Leads Asian Stock Decline

Wednesday, November 20th, 2013

In contrast with Panasonic’s recent strong performance, their Korean competitor Samsung have led a general decline in Asian stock values. This is the second day in a row that Asian stocks have seen an overall drop in value, and follows on from the regional benchmark index recently achieving its highest levels since May. Samsung lost […]

BRICS Nations Commit To $100bn Fund

Saturday, September 7th, 2013

The leaders of the BRICS nations (Brazil, Russia, India, China and South Africa) have announced that they will set up a fund consisting of $100bn (£65bn).The purpose of this fund will be to guard against financial shocks. The defensive measure comes as developing economies across the world have been hit by speculation that the US may […]

French Plan to Boost Trade with China

Wednesday, May 15th, 2013

The country of France is planning to boost their export of agriculture and food products to the world’s most populated country, China.  This has emerged from the French Minister of Foreign Trade, Nicole Bricq during a news briefing in Beijing, the capital of China. Two of the French officials including the French Finance Minister Pierre […]

China Now the 5th Biggest Arms Exporter

Sunday, March 24th, 2013

China’s arms exports have risen by 162% between 2008-2012 in comparison to the last 5 years. This rise has meant that Britain is no longer in the top 5 arms suppliers as stated by the Stockholm International Peace Research Institute. The reason for this increase is because of sales to Pakistan, which accounted for just […]

China to Increase Minimum Wage

Wednesday, February 6th, 2013

Chinese authorities have begun to tackle the income gap between the rich and the poor, namely the minimum wage. The authorities plan to increase the minimum wage to 40% of the average urban salary by 2015. State-owned firms would also need to begin to increase their share of profits with the government which would use the money to help fund […]

China’s Largest Banks Rising

Tuesday, January 29th, 2013

This January the four major banks in China – the Bank of China, the Industrial and Commercial Bank, Agricultural Bank, and the China Construction Bank – had an increase in new loans that would reach up to three hundred seventy billion (370) Yuan. The said banks acquired loans amounting to 59.4 billion Yuan also in […]

As Labor Costs Rise So Does China’s Demand for Robots

Wednesday, December 19th, 2012

For some, uttering the word “robot” may conjure up images of a gun-toting Arnold Schwarzenegger hunting a terrified John Connor. Though the plot line may be science fiction, the concept – robots becoming intelligent enough to enter the workforce – may be about to become actual science.   China’s demographics are changing. Better medical care […]

China’s Views on Social Inequalities

Friday, October 19th, 2012

90% of Chinese believe they live and endeavour in a higher standard of life than their parents.  According to a Global Attitudes Survey by PEW, despite this- corruption and social inequality concerns are brewing in China. Although China’s Gross Domestic Product is growing, and at a pace faster than any other country’s, the prosperity is […]