China’s Communist Party fired a vice chairman of the economic planning agency who is suspected of “severe disciplinary violations,” after a Chinese journalist posted allegations that he had improper business dealings.
Huaxia Bank Co.’s Pretty Lady credit card, co-issued with Deutsche Bank AG, entices women with triple points for cosmetics and fitness-club memberships. The Ms. Magic card from China Citic Bank Corp. dotted with Swarovski crystals offers free beauty treatments and health insurance.
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.
China will work toward bolstering global economic growth in 2013, President Hu Jintao said in a New Year’s Eve address, amid optimism that a recovery in the world’s second-biggest economy is gaining traction.
Analysts including Columbia University’s Andrew Nathan, the Brookings Institution’s Kenneth Lieberthal and University of Sydney’s Kerry Brown comment on China’s decision to expel former Politburo member Bo Xilai from the Communist Party.