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China donates 2,000 novel coronavirus test kits

THE Chinese government has donated 2,000 “high-tech fast test kits” to the Philippines to help it fight a novel coronavirus outbreak that has killed at least 12 people and sickened 128 more.

By the numbers: the economic impact of outbreaks like Covid-19

Travel and trade have not only expedited our lives, but also the diseases threatening them. We are collectively more vulnerable than ever to the societal and economic impacts of outbreaks by infectious diseases. We break down the numbers behind outbreaks like SARS, MERS, and Covid-19.

China gives relief to shield trillions of yuan in bad debt

CHINA’S financial regulators will allow the nation’s lenders to delay recognizing bad loans from smaller businesses reeling from the deadly coronavirus outbreak, giving temporary reprieve to trillions of yuan of debt.

China weighs setting up bad-debt managers for failed P2P lenders

CHINA’S BANKING regulator is considering setting up new regional bad-debt managers to help clean up risks after the failure of thousands of peer-to-peer (P2P) lending platforms, according to people with knowledge of the matter.

China cuts benchmark rate as virus shock affects economy

SHANGHAI/TOKYO — China cut the benchmark lending rate on Thursday, as widely expected, as the authorities move to lower financing costs for businesses and support an economy jolted by a severe coronavirus outbreak.

Duterte to boost China, Japan ties post-VFA

THE Philippine military will boost defense ties with allies in the region including China, Japan and Australia after President Rodrigo R. Duterte ended a military agreement with the US on the deployment of troops for war games, its new chief said on Wednesday.

China’s theaters, studios protest against deal to stream movie online for...

BEIJING/SHANGHAI — Chinese theaters and film studios are protesting a deal by Huanxi Media Group to premiere its new movie Lost in Russia on Bytedance’s online platforms, with some saying it was “trampling” and “destroying” China’s cinema industry.

China’s blockbuster lineup signals tough year for Hollywood

CHINA’S biggest week of the year for movie-goers is packed with at least 12 new releases — all in the local language — a sign that Hollywood studios are headed for another challenging year in their No. 1 overseas market.

China’s steadying inflation leaves door open for monetary easing

CHINA’S CONSUMER inflation steadied in December while factory price declines moderated, leaving room for monetary easing to cement a recent stabilization in economic growth.

China vows to ‘win’ battle against financial risks

CHINA PLEDGED to step up measures to shore up its troubled banks and small businesses while continuing a crackdown on shadow banking and property speculation, in a difficult balancing act that risks exacerbating a build up in bad debt at its traditional lenders.

P3.5M pork, meat products from China seized at Manila Port

TWO CONTAINERS of pork and other meat products estimated to be worth P3.5 million, misdeclared as food seasoning and tomato paste, were seized at the Port of Manila.

BoC seizes misdeclared stainless bars from China

THE BUREAU of Customs (BoC) seized on Tuesday two containers of misdeclared stainless angle bars from China, with the value still to be assessed.

China unexpectedly keeps LPR lending benchmark unchanged

SHANGHAI — China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy.

Taylor Swift album hits 1 million in China

AMERICAN singer-songwriter Taylor Swift may be more popular in China than the US, going by the first-week sales of her latest music.

China refuses to recognize arbitral ruling

CHINESE President Xi Jinping on Thursday refused to recognize the 2016 arbitral ruling that voided China’s claims to more than 80% of the South China Sea even as his “old friend” Philippine President Rodrigo R. Duterte insisted that the decision was “final, binding and not subject to appeal.”

China gets mixed PHL signals on apology

PHILIPPINE authorities issued conflicting signals about Chinese apology for the sinking of a Filipino fishing boat in June, with President Rodrigo R. Duterte’s spokesman and top diplomat disagreeing about the matter.

Duterte to sign education science agreements during China visit

PRESIDENT Rodrigo R. Duterte is expected to close agreements on education, science and technology, and economic and social development during his China visit next week, the Department of Foreign Affairs (DFA) said.

Local property stocks tumble as China wants Philippines to ban all...

INVESTORS unloaded stocks in some of the country’s top property developers on Thursday, amid worries that China’s crackdown on online gambling will dent the rising demand for office space and condominiums fueled by Philippine Offshore Gaming Operators (POGOs) and their Chinese workers.

China wants Philippines to stop all online gaming

CHINA wants Philippines to stop all forms of online gambling, as it continues cracking down on a practice it says causes illegal outflow of money.

Defense Chief annoyed over presence of Chinese navy in PHL waters

DEFENSE Secretary Delfin N. Lorenzana on Friday expressed his annoyance over the continuous presence of Chinese warships in Philippine waters.

Gap in Chinese bond rates hides risks as defaults rise

AS CHINA moves toward a more market-based approach to determining the cost of money in its economy, one metric suggests corporate debt is going in the opposite direction.

Nation’s chief diplomat retracts Chinese ship ban

FOREIGN AFFAIRS Secretary Teodoro L. Locsin Jr. retracted his earlier threat to ban Chinese survey ships from waters covered by the country’s exclusive economic zone, saying an international treaty bars the Philippines from doing so.

China seen saving monetary stimulus for trade war winter as yuan...

CHINESE policy makers are holding back from rolling out the big guns of monetary stimulus, keeping options in reserve as the trade standoff with the US risks morphing into a global currency war.

China lets yuan slump past seven per dollar as trade war...

SHANGHAI — China on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate further currency weakness in the face of an escalating trade row with the United States.

Trust in China falls, while trust in US improves — SWS

THE Social Weather Stations (SWS) reported that even more Filipinos are distrustful of China since its last survey, while their trust of the United States has been increasing.

China is stifling its own movie business

AS TRADE tariffs and tweets by President Donald Trump hammer some of China’s biggest companies, the country’s movie business is taking a hit — from its own government.

China’s new loans in June seen at five-month high on liquidity

BEIJING — New bank loans in China are expected to have picked up to a five-month high in June, a Reuters poll showed, as Beijing kept ample liquidity in the financial system to support the slowing economy and offset growing US trade pressure.

China rejects having 3rd party in Recto Bank probe

MALACAÑANG ON Monday said the People’s Republic of China does not want to involve a third party in the joint investigation into the June 9 boat sinking incident at the Recto Bank in the West Philippine Sea.

Coming soon: ABS-CBN movies to air in China

ABS-CBN Corp. said its locally produced movies will soon hit TV screens in China, as it inked a deal with a Chinese media company to allow the airing of its content in the country.

After Honor of Kings failure abroad, Tencent retools overseas strategy

SHENZHEN, China/SHANGHAI — When Tencent Holdings Ltd. made its first big foray overseas with an adaptation of its blockbuster mobile game Honor of Kings in the summer of 2017, executives thought they had a sure-fire success on their hands.

China’s wildest rates since 2014 leaving bond traders stranded

CHINA’S BOND TRADERS are throwing away the script this year as the central bank repeatedly tweaks policy to keep up with shifts in the economy.

Duterte to stick to bilateral talks with China

PRESIDENT Rodrigo R. Duterte prefers a bilateral over a multilateral approach to the unresolved maritime dispute concerning the West Philippine Sea, Malacañang said on Tuesday.

China’s vicious banker fee war hits new low

CHINA’S INVESTMENT BANKERS are taking their price war to the fourth decimal place.

Palace asserts no need for China consent in marine protected areas...

THE PHILIPPINE government will not need China’s consent for its plan to declare some parts of the West Philippine Sea as marine protected areas, Malacañang said on Monday.

How richest family in Thailand got richer by helping China

CHIA EK CHOR fled his typhoon-ravaged village in southern China and started a new life in Thailand selling vegetable seeds with his brother in 1921. Almost a century later, with the largest family fortune in the country, his descendants are becoming Chinese President Xi Jinping’s key economic allies.

US ‘scared’ of China — Duterte

CHINA’s military buildup in the disputed waters of the South China Sea was made possible by US fears over the Asian power, Philippine President Rodrigo R. Duterte said on Sunday night.

US ‘very good,’ China ‘neutral’ in latest SWS poll

NET TRUST ratings were “very good” for the United States, “good” for Japan and Australia, and “neutral” for China, according to the latest Social Weather Stations (SWS) survey, which showed “the same grade for all four countries” compared to “when they were last surveyed,” SWS said.

China’s savers ignore gov’t efforts to cool $3-trillion WMP market

CHINA’S SAVERS are turning a deaf ear to government warnings about one of their favorite investments.

Duterte says gov’t should seek a ‘compromise’ with China over Pag-asa

PRESIDENT Rodrigo R. Duterte on Thursday said the government should seek a compromise with China over the Philippine’s Pag-asa Island, saying the country would never win if it went to war over it.

US still at the top of Filipinos’ trust list, China the...

FILIPINOS STILL trust the United States (US) the most and China the least among four countries in a poll by Social Weather Stations (SWS) in December.

Bond market fight: An upstart takes on China’s rating firms

SHANGHAI — By day, Yao Yu heads up risk control for an investment firm in the southern metropolis of Shenzhen. By night, he goes on the prowl for his own business, Ratingdog, sniffing out data that could bring clarity to China’s notoriously opaque bond market.

China to scrutinize pawnshop boom

THESE ARE NOT the small-dollar lending, used-guitar selling pawnbrokers of middle America.

Duterte extends terms of special envoys to China for this year

PRESIDENT RODRIGO R. Duterte has extended the terms of five special envoys to the People’s Republic of China.

Gov’t unlikely to protest Chinese rescue center in PHL-claimed area

MALACAÑANG ON Thursday said the Philippines should "perhaps be thankful" to China for the reported maritime rescue center it constructed in the Philippine-claimed Kagitingan Reef in the West Philippine Sea because it will be beneficial to seamen in distress.

China Railway unit tapped to build $3.7-billion Makati City subway

PHILIPPINE Infradev Holdings, Inc. (formerly IRC Properties, Inc.) has inked a deal with China Civil Engineering Construction Corp. (CCECC) for its $3.7-billion Makati City Subway Project.