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China Construction Bank to set up in Luxembourg
 by Staff Writers
 Brussels, Brussels Capital Region (AFP) July 15, 2013


The China Construction Bank is to set up its European base in Luxembourg, the latter's Finance Minister Luc Frieden announced on Monday.

The third Chinese lender to move into the low-tax statelet sandwiched between Germany and France, CCB follows the Bank of China and the Industrial and Commercial Bank of China in sealing terms. A fourth, the China Merchants Bank, also announced its intended arrival earlier this year.

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TRADE WARS
US, China see progress on investment treaty
 Washington (AFP) July 11, 2013
 The United States and China said Thursday they had moved forward on a treaty that would ramp up investment but the two countries clashed over hacking and the case of fugitive Edward Snowden. Despite sometimes strained ties, US officials said China had agreed for the first time to put on the table all areas - not just those it selects - in negotiations on a treaty that governs investment ru ... read more

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