On the move

Yum elevates COO Joey Wat to CEO in mainland

Homing in on brighter future

BERLIN - When Wang Xiongshi, a Chinese doctorate student, returned to China after two years, he found changes and development so astonishing that he risked falling behind.

IN BRIEF (Page 10)

PBOC: Debt levels not worrisome

China's debt ratio is controllable and a fast deterioration is unlikely, as measures have been taken to prevent potential risks, despite a relatively high level of corporate debt, the central bank governor said at the 19th National Congress of the Communist Party of China on Thursday in Beijing.

What they say

China's long term economic development plan has proven to be very effective. I am keen to know more about the country's next long-term national development agenda. We know China's objective in transforming itself. As a world leading science and technology company from Germany, we would like to partner with China on research and development and its manufacturing capability upgrade.

Foreigners may get more access to China's banking sector

The nation will accelerate the opening up of its banking sector to foreign investors and consider steps to increase the upper limit of shareholding in Chinese financial institutions by foreign banks, the country's top banking regulator said on Thursday.

Industrial output recovers in August

Industrial value added output witnessed better-than-expected growth in September, as efforts to promote industrial upgrades continued to bear fruit, data showed.

Cooling measures help curb property market speculation

Speculations in first-tier cities' real estate market have been effectively curbed as city-specific measures are gradually showing influence, according to a spokesman for National Bureau of Statistics.

PBOC says stable yuan likely soon

Yuan exchange rates will have a more stable foundation after the 19th National Congress of the Communist Party of China and the market will have a bigger role in determining the currency's value, a top central bank official said on Wednesday.

China Telecom confirms interest in Brazil's Oi

China Telecommunications Corp, the country's third largest telecom carrier by mobile subscribers, said on Wednesday that Brazilian telecom company Oi SA was among the several potential targets it had considered for investment, Bloomberg reported.

Follower turns leader in server-related innovation

China will outpace the world in making servers to power artificial intelligence, cloud computing, and big data applications as these cutting-edge technologies are widely seen as the next frontier of innovation, according to a renowned server expert.

US debt holdings increase in August

China's holdings of US treasuries rose for a third consecutive month in August to the highest in a year on the back of rising foreign exchange reserves and expectations that the greenback may appreciate further.