Chinese People's Political Consultative Conference News
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Even by the standards of China’s rough and tumble breed of entrepreneurs, billionaire Liu Han’s brushes with death mark him out.
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Chinese President Xi Jinping will set out plans for mining and infrastructure development on a trip to Africa this week, as China seeks to reassure leaders on the continent who have voiced unease about its trade relations.
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Chinese President Xi Jinping will set out plans for mining and infrastructure development on a trip to Africa this week, as China seeks to reassure leaders on the continent who have voiced unease about its trade relations.
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Tencent Holdings Ltd.’s rally has put the wealth of its chairman, Ma Huateng, above that of Baidu Inc. counterpart Robin Li, making him China’s richest Internet executive, according to the Bloomberg Billionaires Index.
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China extended Zhou Xiaochuan’s record tenure as central bank governor, a signal the nation’s new leaders will deepen a shift toward making the financial system more market-driven.
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The bond risk of China Development Bank Corp. slid to the lowest in more than four years on signs the lender will maintain government backing as it takes on some of the nation’s toughest challenges in 2013.
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People’s Bank of China Governor Zhou Xiaochuan was named a vice chairman of the nation’s top government advisory body amid speculation his record tenure as central bank chief will be extended.
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China should be on “high alert” over inflation after February’s figures exceeded forecasts, central bank Governor Zhou Xiaochuan said, signaling a heightened focus on controlling prices.
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China’s new leaders may further loosen interest-rate controls this year while allowing limited changes to one-child and household-registration policies that threaten to restrain growth, a survey of analysts shows.
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China’s stocks fell for a fourth day, the longest stretch of losses in three months, on speculation regulators may resume initial public offerings. Drugmakers, financial stocks and small-company shares dropped.
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