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Aomen BaiJiale News | News and Information from the Mainland - Part 2
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Exit strategy: Chinese finance officials jump ship for top jobs in the private sector. Like the revolving door between Washington and Wall Street, financial professionals in China are ditching their iron rice bowls for better-paying jobs in the private sector. Yao Yudong, head of a central bank research institute and one of the authority’s best-known faces, is the latest to head for the exit. Few lessons learned one year after China’s great market crash. The personnel changes come as China’s financial in...
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Aomen BaiJiale News | News and Information from the Mainland - Part 22
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China to cut benchmark interest rates by 25 basis points, PBOC announces. People’s Bank Of China introduces initiative to cut rates in an effort to boost the economy by easing liquidity. PUBLISHED : Saturday, 28 February, 2015, 6:49pm. UPDATED : Saturday, 28 February, 2015, 6:49pm. China’s top climate negotiator removed from leadership list. Xie Zhenhua had previously led China’s negotiating team during talks aimed at securing a new global treaty to cut greenhouse gas emissions. Photo: AFP. The agency ha...
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Race to the top: China’s business elite take a run at the marathon | Aomen BaiJiale News
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Race to the top: China’s business elite take a run at the marathon. Runners take on the challenge of the Beijing International Marathon. More of the country’s businesspeople are setting themselves the test of completing a race. Photo: SCMP Pictures. Shen Le is determined to conquer the marathon, a goal that he sees not just as a physical challenge but a test of the mind. In an interview with the. In late March, Mao, a veteran of 22 marathons, said running the races made him stand higher, see farther, eli...
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China’s private jet market hits turbulence from graft crackdown | Aomen BaiJiale News
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China’s private jet market hits turbulence from graft crackdown. Growth in the mainland’s business aviation market took a dive last year. Photo: AFP. Growth in the mainland’s business aviation market took a dive last year as officials, companies and entrepreneurs put off plans to buy private jets amid the central government’s crackdown on corruption. Industry insiders said President Xi Jinping’s austerity campaign had weighed on interest for the previously popular status symbols. 8220;Unfortunately becau...
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China’s central bank makes move to ease fears of stock sell-off | Aomen BaiJiale News
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China’s central bank makes move to ease fears of stock sell-off. PBOC’s move could help economic restructuring. Photo: Reuters. The central bank has cut the level of cash that banks must hold, in the second such action this year that highlights the leadership’s concerns after the first quarter saw the slowest economic growth since 2009. By cutting the reserve requirement ratio, banks will be able to pump more money into the economy and help offset recent capital outflows. In global share markets, falls f...
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April 28: Xi calls for peace along Myanmar border; former PBC head reemerges amid investigation rumours | Aomen BaiJiale News
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April 28: Xi calls for peace along Myanmar border; former PBC head reemerges amid investigation rumours. China’s President Xi Jinping talks with speaker of Myanmar’s Lower House of Parliament Shwe Mann, during their meeting in Beijing. Photo: Reuters. Another Jiangxi provincial official is sacked for accepting a 20,000 yuan (US$3,200) bribe, China’s top graft-busting body the Central Commission for Discipline Inspection said on its website. Vice premier Zhang Gaoli visits Hunan, home of the first nationa...
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admin | Aomen BaiJiale News
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All posts by admin. Hacking tools stolen from NSA show Chinese cyberfirms were targeted, experts say. Hacking tools claimed to be pilfered from the US National Security Agency reveal a severe security threat to China, mainland experts say, with a leading national provider of network security said to be among the victims of the government hackers. Topsec is] one of the largest security hardware suppliers in China, as big as Huawei. Tang Wei, senior engineer at Rising. Topsec provided internet security ser...
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Xi to visit Pakistan next week to cement old ties with infrastructure deals | Aomen BaiJiale News
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Xi to visit Pakistan next week to cement old ties with infrastructure deals. President Xi Jinping will launch energy and infrastructure projects worth US$46 billion on a visit to Pakistan next week. Photo: Reuters. President Xi Jinping will launch energy and infrastructure projects worth US$46 billion on a visit to Pakistan next week as China cements links with its old ally and generates opportunities for firms hit by slack growth at home. Xi’s trip is expected to focus on a Pakistan-China Economic...
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Aomen BaiJiale News | News and Information from the Mainland - Part 3
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Beijing cyberspace watchdog ‘orders news arms of major portals to close’. The cyberspace administration in Beijing is widening its crackdown on online news, with plans to shut seven web-based channels, sources say. The move comes after the watchdog criticised Tencent and Ifeng.com for headline errors and inaccurate stories last week. The channels targeted by Beijing Cyberspace Administration in the latest round are produced by four major news portals, two sources said. They are. But the relatively permis...