China 

Chinese Vice-Premier Liu He says ‘external pressure’ can actually help China’s economy

Vice-Premier Liu He believes the “external pressure” now hitting China’s economy was inevitable and could actually boost the country’s innovation and development.Liu, the top economic aide to President Xi Jinping and chief negotiator in the trade talks with the United States, backed up comments last week from People’s Bank of China governor Yi Gang that Beijing has sufficient policy tools to address the risks and challenges to ensure that China’s long-term growth prospects remain sound.He did… Source link

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China’s former securities regulator Liu Shiyu is probed over family members’ insider trading and favouring hometown IPOs, sources say

Liu Shiyu, China’s former top securities regulator, is being investigated for allegedly fast-tracking initial public offerings of small banks in his hometown and also of having family members who bought bonds at below-market prices, according to sources and media reports.The investigation of Liu – announced Sunday with the usual vague wording in such probes – shocked industry insiders and regulators in China’s financial market.It came only four months after he stepped down as chairman of the… Source link

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Liu Shiyu, China’s former top securities regulator, turns himself in as part of corruption investigation

China’s former securities watchdog chief Liu Shiyu has become the subject of a graft probe, the country’s super anti-corruption agency said on Sunday.Liu, who left the China Securities Regulatory Commission in a surprise reshuffle in January, was said to have turned himself in and is suspected of violating party discipline and laws, according to a terse statement issued by the National Supervisory Commission. Liu is cooperating with the investigation.Liu, 57, currently heads the All-China… Source link

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China Vice-Premier Liu He likely to delay US trip by three days after Donald Trump tweet, says source

Chief trade negotiator and Vice-Premier Liu He is still expected to travel to Washington this week despite US President Donald Trump threatening to increase tariffs on China, but is now likely to delay the trip by a few days and stay for only a short time, a source who has been briefed on the latest arrangement told the South China Morning Post.There were high hopes that Liu’s trip to Washington this week for the 11th round of talks would produce a deal to end the trade war which has ravaged……

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Ecommerce 

JD.com describes lawsuit as ‘meritless’ after Minnesota student accuses Richard Liu of rape in US

JD.com said it will defend itself vigorously after a University of Minnesota student accused Richard Liu, the billionaire founder and CEO of China’s second biggest e-commerce company, of rape in a lawsuit filed in Minneapolis on Tuesday, four months after prosecutors declined to pursue a criminal case.The lawsuit, which JD’s lawyers described as meritless, also names JD.com as a defendant and seeks more than US$50,000 in damages. The student, Liu Jingyao, is identified in the complaint as a… Source link

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JD.com founder Richard Liu a no-show at China’s biggest political event despite being elected a delegate last year

Richard Liu Qiangdong, the founder of China’s second largest e-commerce player JD.com, was a conspicuous no-show at the country’s largest political event of the year this week.The Two Sessions meetings, comprising the National People’s Congress (NPC), the country’s top legislature, and the Chinese People’s Political Consultative Conference (CPPCC), the government’s political advisory body, include delegates from the country’s tech giants.The tech billionaires who make up the ranks of the NPC… Source link

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China 

‘No second choice’: Liu He, China’s man on the front lines of the trade war talks with the United States

Nine months ago, Liu He, the top economic aide to President Xi Jinping, told state media that China and United States had agreed during talks in Washington not to fight a trade war.His words were short lived as only a few days later US President Donald Trump unexpectedly decided to impose trade sanctions on China and start a prolonged economic battle between the world’s two largest economies.Last week, Liu, carrying the title of special envoy in addition to those of chief trade negotiator and… Source link

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China 

China, US will ‘redouble efforts and speed up’ trade talks, Chinese Vice-Premier Liu He says

Chinese Vice-Premier Liu He said China and the United States would “redouble efforts and speed up negotiations” on trade, as talks aiming to end a tariff war between the world’s two largest economies were extended for another 48 hours.Appointed President Xi Jinping’s special envoy, Liu is leading China’s latest trade negotiations in Washington. He said the two teams had made “positive progress” over the past two days in areas including the trade imbalance, agriculture, forced technology… Source link

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China 

China’s top trade negotiator Liu He to meet Donald Trump on Friday

China’s top trade negotiator Liu He will meet US President Donald Trump on Friday afternoon in Washington as the two nations race to reach a deal before the March 1 deadline for the US more than doubling its tariffs on US$200 billion worth of Chinese imports.The meeting, listed on the White House’s daily schedule for 2.30pm, will cap two days of top-level talks between the two sides.The news that Vice-Premier Liu had secured another face-to-face meeting with Trump raised hopes that the world’s… Source link

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