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Huawei to build new OpenLab in Malaysia to drive digital transformation

November 9, 2017

KUALA LUMPUR – Co-hosting its third annual Huawei Asia-Pacific Innovation Day here, along with Malaysia's Ministry of International Trade and Industry (MITI), the Malaysia Digital Economy Corporation (MDEC) andthe Malaysia-China Business Council, Huawei Technologie has announced construction of a new OpenLab in Malaysia to serve as an open, flexible, and secure platform for joint innovation with local partners.

China’s Central Bank wants to regulate fintech like banking

November 8, 2017

BEIJING - Financial technology (fintech) companies, especially the sizable ones, should fall under the same risk assessment framework as banks, an official from China’s central bank said. “Systemically important financial institutions do not necessarily have to be traditional financial institutions,” Sun Guofeng, Head of PBOC’s finance research institute, said, according to a Caixin report.

Xi stresses commitment to good China-Russia relations

November 2, 2017

BEIJING - Chinese President Xi Jinping stressed China's commitment to developing and deepening relations with Russia during a meeting with Russian Prime Minister Dmitry Medvedev yesterday. Xi said China is ready to work with Russia to expand cooperation in various fields, maintain close coordination in international affairs and promote the building of a community of shared future, China’s State newsagency, Xinhua, reported.

E-commerce is set for rapid growth in India

November 1, 2017

NEW DELHI - India’s e-commerce development has lagged far behind that of China andr Southeast Asian countries like Singapore and Malaysia, but the gap has started to show signs of narrowing in the wake of pro growth economic policies adopted by the Modi Government. Swift e-commerce development in India is being facilitated by a phenomenal surge of internet usage, says a new research report from the Hong Kong Trade Development Council.

China rejects findings of U.S. dumping investigation on aluminium foil

November 1, 2017

BEIJING - The U.S. conclusion on anti-dumping of aluminum foil from China was "a serious distortion" of real situation, the Ministry of Commerce (MOC) said Tuesday, the Chinese State newsagency Xinhua reported. It said the MOC made the statement in response to a U.S. decision on China's status as a non-market economy country and launching of an anti-dumping investigation against aluminum foil imports from China under the "analogue country methodology".

China, South Korea agree to normalise co-operation “as soon as possible”

November 1, 2017

BEIJING - China and South Korea have been maintaining communications on the Korean Peninsula nuclear issue through diplomatic channels, the Chinese Foreign Ministry said Tuesday. "Enhancing communication and co-operation is in accordance with the common interests of China and the ROK, a Ministry press release said. “Both sides agree to return communication and co-operation in various fields to the normal track as soon as possible."