Chinese Finish African Railway Tunnels

The China Railway Construction Corporation Limited has finished cutting out the Gantas railway tunnel in Algeria, a major project in the country’s railway network, after six years of construction work. The tunnel is located 100 kilometers west of Algiers, capital of Algeria, and composed of two separate tubes at 7,346 meters long in one lane […]

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China Bans Judges Working for Law Firms After Resignation

China’s top court has forbidden its judges from work for any law firm within three years of resignation. The ban includes officials at division-level or above, according to the Supreme People’s Court. Other officials must avoid working for law firms for two years, said the guideline. Offices must contact resigned judges and officials at lease […]

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Clamp Down on Online Micro Lending

The Chinese government took steps to rein in the rapidly growing and lightly regulated market for online micro-lenders in the latest scrutiny over Internet finance, sending shares of U.S.-listed Chinese financial firms into a tailspin. A top-level government body issued an urgent notice late Tuesday to provincial governments urging them to suspend regulatory approval for […]

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Belt and Road Initiative Not Only an Economic Project

The Belt and Road Initiative mirrors the profound transformation of a China that has become more active on the global stage. China has played an increasingly important role as a global player when Chinese President Xi Jinping sought for a more assertive and engaged foreign policy, said Francesco Mancini, associate dean and visiting associate professor […]

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China’s Central Bank Continues Cash Injection

China’s central bank on Friday continued cash injections into the interbank market to ensure stable liquidity. The People’s Bank of China pumped 80 billion yuan (about 12.1 billion U.S. dollars) into the market through reverse repos, a process by which the central bank purchases securities from commercial banks through bidding with an agreement to sell […]

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