China Seeks Foreign Help in Risky Work Finding Oil in Disputed Sea

China Seeks Foreign Help in Risky Work Finding Oil in Disputed Sea

Beijing is looking for foreign contractors to help find oil and gas under the South China Sea but expects to meet resistance because other governments contest its claims and any discoveries may bring low returns. China’s state-run China National Offshore Oil Corp. issued a tender last week for foreign companies to join it in exploring for…

Ant Financial sees rich opportunities

Ant Financial sees rich opportunities

Tim Clancy, from Australia, pays a bill with his smartphone at a restaurant in Hangzhou, Zhejiang province, on Friday. [Photo provided to China Daily] Ant Financial Services Group said on Monday it will extend its indigenous mobile payment technologies to economies along the Belt and Road Initiative and unveil a number of Alipay-like services this year.…

IMF: Global Economic Growth Speeds Up a Bit

IMF Global Economic Growth Speeds Up

The International Monetary Fund says the global economic outlook is “brightening,” but warns that “protectionism” and geopolitical tensions could hurt economic growth. The IMF published the report Tuesday, ahead of this week’s gathering of top economic officials from around the world for meetings of the World Bank and the IMF. The IMF’s Maurice Obstfeld told journalists…