China moves up date for lifting some restrictions on foreign investment to 2020

BEIJING – China lifted some restrictions on foreign investment in the financial sector Saturday as the world’s second-largest economy fights slowing growth at home and a damaging trade war with the United States. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank. Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies, the statement…

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China Trade Drama Makes This A Good Time To Invest

Now that President Trump’s China trade drama has caused another dip, readers are asking if this is a good time to invest? The best time to buy stocks is when they are down for reasons that have little to do with the company, and this is one of those times. But don’t plunge into the market and don’t wait for a more perfect time to invest. Make small investments that you won’t need to disturb for at least 5 years. Last year the U.S. economy produced a little over $20 trillion of…

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How technology is changing rural China

Alex Wong | Staff | Getty Images An Alibaba employee demonstrates ‘Smile to Pay’, an automatic payment system that authorize payment via facial recognition In a nation of nearly 1.4 billion, ensuring there’s efficient health care and education is a tall order for China. Especially in some of the more remoter parts of the country. At the East Tech West conference in Nansha, Guangzhou, this week, business leaders, investors and experts contemplated how the country can effectively “equalize” these services for the whole nation. Indeed, the number of internet users…

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Watsa Shuns China as Fairfax Looks for Investment in India, U.S.

(Bloomberg) — Prem Watsa, the billionaire head of Fairfax Financial Holdings Ltd., sees plenty of opportunities for investment in the U.S. and his native India. He’s less interested in the other Asian powerhouse. “In China, we are less invested,” Watsa said in an interview with BNN Bloomberg Television Friday. “We like democracy. We like business-friendly policies.” Watsa, who emigrated from India 46 years ago, is most excited about the opportunities being created there due to the policies implemented by Prime Minister Narendra Modi. “He’s very business friendly and he’s got a great…

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China warns Donald Trump against approving US-Taiwan travel bill

“The so-called bill you mention, though not legally binding, severely violates the ‘one China principle’ as well as joint US-China communiques,” Chinese Foreign Ministry spokesperson Lu Kang said. BEIJING: The Chinese government on Friday warned that the US-Taiwan travel bill, which would allow US officials to travel to Taiwan for diplomatic missions, would severely damage ties between Washington and Beijing. The warning coincided with the deadline for US President Donald Trump to sign the bill into law or reject the legislation, Efe news agency reported. “The so-called bill you mention, though not legally binding, severely…

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India replaces China as top retail destination in 2017: Study

India has replaced China as the numero uno retail destination in 2017 as part of the global retail development index, according to industry experts. “India has replaced China this year as the top retail destination as part of the study on global retail development index,” AT Kearney partner Subhendu Roy said on the concluding day of the two-day India Retail Forum 2017. The change in ranking was an outcome of four factors including increased consumer spending, beyond essentials, rising mobile and internet penetration, favourable foreign investment climate and bold action…

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