Last month’s drop in reserves was the largest since January, when a sharp fall in the yuan and worries about China’s slowing economy raised fears that Beijing could devalue its currency for a second year…
Monthly Archives For December 2016
China Mobile to Start 5G Trials in 2017, Aims to Roll Out 10k 5G Base Stations by 2020
The world’s largest mobile operator, China Mobile said it will implement trial 5G networks in several cities in 2017 using a sub-6GHz spectrum, according to news portal C114.net. It plans to setup seven initial experimental…
HSBC launches its first credit cards in China
HSBC will begin issuing credit cards in China on Monday, the first time that the bank has done so in its own right, marking the latest stage in its expansion in the Pearl River Delta…
WWE Chief Financial Officer Lays Out Timeline for Continued China Expansion
WWE chief strategy and financial officer George Barrios laid out the professional wrestling company’s timeline for their ongoing China expansion. “As far as where do we have more to do, [it] is China and some…
Taiwan call 'end of wishful thinking' about U.S.-China relations under Trump
He has filed stories from every continent for CBC News. Instagram: @sasapetricic The headline in the Chinese Communist Party newspaper, The People’s Daily, sums up a common view: “Trump’s Irrational China Bashing Shows his Ignorance…
Daimler may make electric cars in China to boost sales
STUTTGART (Reuters) – Daimler may make batteries and Mercedes-Benz electric cars in China as part of a drive to manufacture more products locally and to try to boost sales, according to board member Hubertus Troska.…
McDonald’s to keep minority stake in China, Hong Kong stores: source
McDonald’s Corp is looking to raise $1-billion to $2-billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep “a significant minority stake in the business,” a…
11 trapped in China's latest coal mine accident
China’s state-run Xinhua News Agency reported that the Monday night explosion occurred at a mine in central China’s Hubei province. It did not provide details on what caused the blast, but such incidents usually happen…
China appeals to U.S. to stop disrupting acquisitions
BEIJING — China has urged Washington to stop disrupting its foreign corporate acquisitions after President Barack Obama blocked the purchase of a German maker of semiconductor manufacturing equipment as a security risk. The proposed acquisition…
China Flew Nuclear-Capable Bombers Near Taiwan Before Trump Call
China’s defense ministry declined to comment Tuesday, referring NBC News to a news conference last week in which it confirmed the mission but gave no details. ( read original story …)
Trump’s team deliberately provoked China with Taiwan call, say insiders
China reacted sternly to the Taiwan call … Lee called him a friend of Taiwan and said his appointment as Trump’s chief of staff was “good news” for the island, according to local media. Edward…
The Great Wall: China takes on the world with new Matt Damon film
Despite a long tradition of movie-making, and much critical acclaim for its directors overseas, China has never yet produced a truly global blockbuster. But this is being billed as the moment when Chinese film finally…
Trump’s Taiwan call sparks anger in China, hope among Chinese rivals
But in China, the president-elect’s willingness to dispense with nearly four decades of studious separation and speak directly with Tsai Ing-wen sparked new anger. White House reaffirms ‘One China’ policy after Trump’s Taiwan call (Reuters)…
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