Gordon Brown says China's Belt and Road strategy can change the world.

Gordon Brown says China's Belt and Road strategy can change the world.

Former UK Prime Minister Gordon Brown told leading business figures and politicians from Europe and China in London on Monday that President Xi Jinping's Belt and Road strategy had the ability to change the world. He was speaking at the opening session of an annual summit aimed at promoting business ties between China and the EU. At the Sino-European Entrepreneurs Summit 2016, Chinese and European business people are given the opportunity to network and study entry strategies into foreign market MORE»

China and India strive for closer partnership

China and India strive for closer partnership

  India President Pranab Mukherjee paid his first state visit to China on May 24-27, serving as one of the most important high-level interactions between the two countries in the past few years. China and India are two great ancient civilizations that have become the two biggest developing and emerging market countries. Sino-Indian cooperation supports the well-being of over 2.5 billion people in the two countries that have ushered in greater prosperity for Asia and the world. Chinese Pres MORE»

Bank of China International commodity unit plans to boost Chinese, European business

Bank of China International commodity unit plans to boost Chinese, European business

HONG KONG (Reuters) - Bank of China International (BOCI) plans to boost its commodity business by tapping a latent investor base in China and broadening its drive into Europe. The investment banking arm of state-backed Bank of China (3988.HK), the country's No.4 lender by assets, became the first Chinese member of the London Metal Exchange in 2012, pushing into commodities near the height of a demand boom. "Hopefully for the next five years, we'll get into the next stage (in our commodity busine MORE»

China's yuan trade system to open branches in London, New York

China's yuan trade system to open branches in London, New York

China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central bank, said in a statement that by expanding its network offshore, it aims to serve more overseas institutions and become a "main trading platform and pricing center" for the yuan globally. China has been gradually loosening its capital controls to al MORE»