ZHUOLU TOWN, China (AP) — The brightly-decorated 3-D cinema in this town outside Beijing is showing the latest Chinese and Hollywood films, to row after row of empty red seats. So few people come to…
Monthly Archives For January 2017
China’s finance regulators walking a fine line after year of indecision over inflating bubbles
Top of the agenda for China’s financial regulator in 2017 is to deflate various economic bubbles without crushing them. The steepest yuan depreciation in more than two decades, runaway house prices, booming bad loans, and…
China's Vanke strengthens hand against takeover bid
Shares in China’s biggest property firm, Vanke, surged Friday after it announced a stock-holding shift that could end a bid by private conglomerate Baoneng to pull off the country’s first hostile blue-chip takeover. Vanke’s leadership…
China Mobile, Ericsson Team Up on IoT
China Mobile has signed a strategic agreement with Ericsson to cooperate on the Internet of Things(IoT). China Mobile aims to serve 200 million IoT connections this year as part of its ‘Big Connectivity’ strategy. Both…
China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount
China’s top leaders pledged last month to stem the growth of asset bubbles in 2017 and place greater importance on preventing financial risk, even as some global financial experts warned the nation’s debt load is…
China export numbers for 2016 poorest in 7 years
China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the…
China overtakes U.S. in number of cinema screens but many sit empty
ZHUOLU TOWN, China – The brightly-decorated 3-D cinema in this town outside Beijing is showing the latest Chinese and Hollywood films, to row after row of empty red seats. So few people come to watch…
Weightlifting: China faces one-year ban after trio stripped of Beijing golds
BERLIN (Reuters) – China faces a one-year ban from international weightlifting competitions after three of its athletes were stripped of their 2008 Olympic gold medals on Thursday following re-tests of samples from the Beijing Games.…
China's media is about to go to 'war' Russia style
The network will be called CGTN. At the same time, Xinhua, China’s official state news network, will consolidate a bunch of outlets under a new umbrella to focus its financial-reporting efforts. China Securities Journal, Shanghai…
China Vanke shares jump as ally Shenzhen Metro becomes No. 2 shareholder
HONG KONG (Reuters) – Shares in China Vanke , at the centre of a high-profile corporate … It remains to be seen if the sale will help Vanke fend off its biggest shareholder, financial conglomerate…
China export figures for 2016 poorest in 7 years
China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the…
Taiwan slams Nigeria, Beijing over trade office snub
For years, China and Taiwan were locked in a bitter diplomatic tug-of-war, luring away each other’s allies with generous financial packages in so-called “chequebook diplomacy”. Diplomatic tussles between the two had eased under Taiwan’s previous…
Beijing Fun Age Entertainment plans IPO
The cast of Beijing Fun Age Entertainment Co Ltd’s second comedy movie meets with the audience at Tongji University in Shanghai after the showing of the movie. [Photo provided to China Daily] Beijing Fun Age…
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