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China to embed internet police in techcompanies: China’s internet cops are planning to walk the beat in person
China ending island-building effort: china’sforeign minister announced at the southeast Asian
Chinese retail investors fleeplunging marketsBeijing steps up internetcensorship with plan for police in web companiesChina has tightened its grip over thecountry’s 650m internet users by announcing moves to station police officersinside large internet companies to try to heighten censorship and preventsubversion, according to a senior security official.
The move follows efforts to tighten thescrews on social media users, as well as a draft cyber security law that willgrant authorities broad powers to control the internet and force web companiesto share more data with the government.
IMF alert to snags in RMB’s progressCurrency still lags behind rivals on keymetrics after china’s financial reforms.
China’s leadership has been pushing for theaddition of the RMB, which would serve as recognition of the currency’s risingglobal status and a signal to the world’s central banks that RMB assets are asolid investment. A judgment about whether the RMB is freely usable is crucialto the IMF’s final decision.
A middle way to manage the RMB’sriseThe international monetary fund’s five-yearlyreview of which currencies should constitute its special drawing rights mayseem a dry technical exercise. But a great deal more hinges on the decisionthan the internal accounts of the Washington-based institution.
For the second time since 2010, the IMF isscheduled in Nov to raise or lower its thumb as to whether to include the RMBalong with the dollar, the yen, the euro and sterling in the basket of so-calledSDR currencies.
China enlists bank bonds ininfrastructure planChina has authorized policy banks to issuebonds in order to plough money intro infrastructure spending, state media havereported, as planners fret over slumping economic indicators.
The aggressive move to push money intro readingof the Caixin/Market purchasing managers’ index, published this week, showedthat growth in the manufacturing sector had slowed more than thought. Coming ontop of a month-long stock market rout, the weak manufacturing performance spookedbj.
A first batch of RBM 300bn ($48bn) out of aplanned RMB 1tb will be issued soon by the three policy banks that were recapitalizedthis spring. The money raised would be invested in housing, pipelineinfrastructure and other domestic projects.
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