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Xi, Trump trade promises as businesses sign US$253 billion in deals

November 10, 2017

BEIJING - President Xi Jinping has pledged to import more U.S. agricultural produce and energy products and to deepen trade co-operation during a meeting in Beijing with visiting U.S. President Donald Trump. Both Presidents attended a dialogue with business leaders from their respective countries, where they were present for the signing of trade deals worth US$253.5 billion, a record figure in the trade history of the two countries.

Australia India Business Council supports Adani investments in Australia

November 10, 2017

NEW DELHI - The Australia India Business Council had formally supported the controversial Adani Carmichael project in north Queensland, which has been fiercely opposed by the Greens. The AIBC said today that the project enhances the Australia-India relationship and it commended Adani's patience to seeing the investment through.

Huawei to build new OpenLab in Malaysia to drive digital transformation

November 9, 2017

KUALA LUMPUR – Co-hosting its third annual Huawei Asia-Pacific Innovation Day here, along with Malaysia's Ministry of International Trade and Industry (MITI), the Malaysia Digital Economy Corporation (MDEC) andthe Malaysia-China Business Council, Huawei Technologie has announced construction of a new OpenLab in Malaysia to serve as an open, flexible, and secure platform for joint innovation with local partners.

China’s Central Bank wants to regulate fintech like banking

November 8, 2017

BEIJING - Financial technology (fintech) companies, especially the sizable ones, should fall under the same risk assessment framework as banks, an official from China’s central bank said. “Systemically important financial institutions do not necessarily have to be traditional financial institutions,” Sun Guofeng, Head of PBOC’s finance research institute, said, according to a Caixin report.