It seems that China, and Shanghai, can’t find a happy medium. Two months ago, the Chinese government restored subsidies for electric vehicles, which it had eliminated a month earlier. By July 1, car dealerships, which…
Monthly Archives For April 2017
China’s quota threat charges up giant electric car market
SHANGHAI: China’s electric-car market is already the world’s biggest, but a government proposal to introduce “new energy” vehicle quotas for automakers is further charging it up. With the threat of the measure looming, major manufacturers…
Time is ripe for stronger Sino-Nigeria financial ties
From the perspective of Nigeria, the country possesses a considerable sovereign wealth fund, laying a solid foundation for China to carry out financial cooperation with the country. Nigeria’s purpose in setting up the sovereign wealth…
Global finance leaders grapple with globalization fears
WASHINGTON — Global finance leaders on Saturday dropped a sharp condemnation … Trump has threatened to impose punitive tariffs of up to 45 per cent against Mexico, China and other nations he believes are competing…
China, Philippines spar over military visit to island
Troops march as a plane carrying Philippine military brass arrives on Pag-asa island [Bullit Marquez/AP] China has protested a visit by Philippine military chiefs to a disputed island in the South China Sea, but Manila…
Canadian man fined up to $1 million for attempting to export fentanyl from China
Karl Morrison, a 59-year-old from Kitchener, Ontario pleaded guilty to attempting to export the drugs from China into the US. Morrison’s wife, Sorina Morrison, also pleaded guilty to failing to report the crime to law…
North Korea warns China of ‘CATASTROPHIC CONSEQUENCES’ if it continues economic sanctions
published by the Korean Central News Agency (KCNA). Referring to its trade partner and only ally as a “country around the DPRK”, the commentary accused China of failing to criticise actions taken by Donald Trump’s…
World War Three IMMINENT as China angers North Korea by imposing US-led fuel sanctions
On Saturday lunchtime, local time, Pyongyang issued a threat to China in a commentary piece written by “Jong Phil”, published by the Korean Central News Agency. Referring to its trade partner and only ally as…
China hits back, says it has ‘lawful right’ to standardise names in Arunachal
Chinese foreign ministry spokesman Lu Kang at a news conference in Beijing in October 2015 … and its official map show the state as part of South Tibet. (Reuters File Photo) China on Friday asserted…
China's quota threat charges up electric car market
Shanghai: China’s electric-car market is already the world’s biggest, but a government proposal to introduce “new energy” vehicle quotas for automakers is further charging it up. With the threat of the measure looming, major manufacturers…
South Korea faces economic punishment from China over U.S. missile shield
Some of Hyundai’s rivals in China are using what they are calling “THAAD marketing,” the Yonhap News Agency has reported. For instance, Volkswagen dealers in China are offering discounts for customers who replace South Korean…
China’s first cargo spacecraft Tianzhou-1 docks as planned with orbiting space lab
China’s first cargo spacecraft docked successfully with the Tiangong-2 space lab on Saturday, the official Xinhua news agency reported, marking a major step towards Beijing’s goal of establishing a permanently manned space station by 2022.…
China Mobile, others approached for buying into Singapore telco M1
SINGAPORE: Top shareholders in Singapore telecoms company M1 Ltd have approached potential buyers China Mobile and global private equity firms, among others, to sell their combined majority stake in the firm, sources familiar with the…
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