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Arthur Dominic Villasanta

Internet banking coming to China soon?

Arthur Dominic Villasanta |

Apr 15, 2014 11:51 AM EDT

Beijing claims it will soon establish a mechanism for Internet banking that ensures fair competition against established banks, especially against the Big Four state-owned banks that have been campaigning against Internet banking.

Massive Mobile Phone Spam In China Driven By Sales Gimmicks

Arthur Dominic Villasanta |

Apr 14, 2014 09:17 PM EDT

Chinese mobile phone users were hit by over 300 billion spam SMS messages in 2013. This mammoth number of spam texts remains a persistent problem in China, which is the world's largest mobile phone market.

Sinopec to Continue Gas Field Operation in Sichuan province

Arthur Dominic Villasanta |

Apr 14, 2014 12:00 PM EDT

Despite Sichuan's history of deadly earthquakes, China Petroleum & Chemical Corporation or Sinopec expects to extract 10 billion cubic meters of shale gas in China's first big shale gas field in Fuling, a district of Chongqing municipality in Sichuan, by 2017.

China's banks brace for spike in NPLs this year

Arthur Dominic Villasanta |

Apr 14, 2014 12:27 AM EDT

The central government's efforts to curb dangerous overcapacity in some industries such as shipping could lead to a drop in non-performing loans or NPLs this year, claims Yan Qingmin, a vice chairman of the China Banking Regulatory Commission (CBRC), the banking sector regulator.

China's People's Liberation Army Navy has nothing like the USS Zumwalt, the world’s smartest warship

Arthur Dominic Villasanta |

Apr 13, 2014 11:24 PM EDT

The USS Zumwalt (DDG-1000), the lead ship in a class of US Navy guided missile destroyers that will be armed with game-changing electromagnetic "railguns," was christened at the Bath Iron Works in Maine, USA last April 12.

Leaks from China reveal features of new Apple iPhone 6 and iPhone phablet

Arthur Dominic Villasanta |

Apr 13, 2014 11:20 PM EDT

Apple's next generation iPhone 6 will likely feature a 4.7 inch display panel; will be powered by an Apple A8 processor and retain the 1GB of RAM common to older iPhone models.

Heartbleed bug exposes massive number of Chinese websites to NSA spying

Arthur Dominic Villasanta |

Apr 13, 2014 11:17 PM EDT

The US National Security Administration (NSA) has been aware of the "Heartbleed" bug for over two years and has been exploiting the bug to carry out undetectable spying on US strategic competitors, including China.

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