China has provided the clearest indication to date that it plans to lift the cap on how much foreign carmakers can own of their local joint ventures, putting pressure on Chinese carmakers to speed up…
Monthly Archives For April 2017
Blame Washington not Beijing for problems opening a bank account
What do Ai Weiwei, Joshua Wong Chi-fung and Agnes Chow Ting have in common? It’s funny how political agitators like to round on poor HSBC and claim persecution when they can’t open a bank account…
China launches aircraft carrier, boosting military presence
US President Donald Trump has also proposed a 10% increase in the military budget. Chinese state news agency Xinhua said work had started on China’s latest aircraft carrier in 2013. The launch was attended by…
China talking with European Space Agency about moon outpost
BEIJING — Representatives of China and the European Space Agency are discussing potential collaboration on a human outpost on the moon and other possible joint endeavours, according to a spokesman for the European agency and…
China, Sending a Signal, Launches a Home-Built Aircraft Carrier
The first news reports did not give the ship’s name, though previous reports have said it would probably be called the Shandong, after the eastern Chinese coastal province. China launched its first aircraft carrier, the…
China launches first domestically-made aircraft carrier
“We aim to safeguard our sovereignty and state interests and world peace by developing our military forces including maritime forces,” said a Chinese Foreign Ministry spokesman at a regular news briefing on Tuesday. China has…
Exclusive: China seeks to cement globalization credentials at Silk Road summit
Still, state media has proclaimed China’s key role in the Silk Road and how Beijing plans to use it to challenge the West. The official Xinhua news agency, in a commentary on the front page…
China launches first home-built aircraft carrier amid South China Sea tension
Foreign military analysts and Chinese media have for months published satellite images, photographs and news stories about the second carrier’s development. China confirmed its existence in late 2015. The launch “shows our country’s indigenous aircraft…
Netflix strikes licensing deal in China
Netflix is making its first big inroads in China through a licensing agreement with local streaming giant iQiyi. The company confirmed the deal to CBC News. It will allow Netflix’s original shows to be available…
China launches its first homegrown aircraft carrier
News of the launch comes as tensions mount over North Korea, China’s unruly neighbor and ally. However, the carrier isn’t expected to enter active service until 2020. A ship is launched when it is first…
China Mobile Denies Plan to Buy Majority Stake in Singapore’s M1
Reuters said last week that top shareholders in M1 had approached both China Mobile, the world’s biggest telco, and private equity firms to try and offload the combined stake. Together they own 61% of the…
China's President Xi calls for increased efforts to maintain financial security: Xinhua
BEIJING Chinese President Xi Jinping called on Tuesday for increased efforts to ward off systemic risks to help maintain financial security, the official Xinhua news agency said. The country’s leaders have pledged to shift the…
China to Relax Foreign Car Venture Limit in Orderly Manner
China has provided the clearest indication to date that it plans to lift the cap on how much foreign carmakers can own of their local joint ventures, putting pressure on Chinese carmakers to speed up…