China Digest

Economics and policy from China’s newspapers

Thursday September 7, 2017

Qihoo 360 returning to China’s A shares market

360 Technology, which disclosed the company’s information for IPO listing in March this year, is reported to have been in consultation with the reverse merger takeover program, the 21st Century Business Herald reported on Wednesday.

China’s overall debt risk is controllable, says official

The debt risk in China is controllable and the debt pressure will likely ease, said an official from National Bureau of Statistics on Wednesday, Xinhua reported.

Remittance demand helps push the yuan against US dollar

As the yuan soars against the US dollar, remittance demand might help explain the increase in the currency to a 14-month high, Yicai.com reported on Wednesday.

China’s land ministry to address ‘abnormal land use’

China’s Ministry of Land and Resources will increase oversight of land by regional governments, in a bid to ensure a steady supply of housing, Yicai.com reported on Wednesday.

China Unicom launches aggressive streamlining plan

China Unicom, which is now under mixed ownership reform, launched a plan to streamline the company by cutting around 50% of its staff at its Beijing headquarters, the China Securities Journal reported on Thursday.

Online agencies banned from lending to college students

Online lending institutions are banned from offering any loans to college students, said Zhao Jianjun, deputy director of the finance bureau in the Education Ministry, China News Service reported.