Beijing has shown that it can also hurt others by cutting a lucrative Chinese export: tourists who normally flock to South Korea or Taiwan. BEIJING: Slapping import bans on products like mangoes, coal and salmon…
Monthly Archives For May 2017
China Mobile Ltd. (CHL) Shares Bought by Coastline Trust Co
Coastline Trust Co increased its stake in China Mobile Ltd. (NYSE:CHL) by 17.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,290 shares…
China Bank woos RCBC for merger talks
Multiple industry sources said China Bank has initiated merger talks with the Yuchengco-owned RCBC – the bank used as a conduit for the $81-million fund hacked from Bangladesh Bank to Philippine casinos last year –…
Amid industry pushback, China offers changes to cyber rules
The Cyberspace Administration of China (CAC) called the meeting – with around 100 participants, including representatives from global technology firms – to present last-minute changes to implementation rules for China’s new Cyber Security Law which…
Audi says resolves dispute with dealers in China
BEIJING Audi (NSUG.DE), a unit of Volkswagen (VOWG_p.DE), said on Saturday it had struck a deal with its dealers in China, effectively resolving a dispute that could have disrupted the luxury carmaker’s business in the…
Beijing denies 'unprofessional' intercept of US plane
China has denied US allegations that two Chinese fighter jets acted unprofessionally in intercepting an American military plane earlier this week, saying that its aircraft were acting in accordance with the law”. “Related remarks from…
U.S. protests intercept by Chinese jets; China blames U.S.
BEIJING — China denied U.S. accusations that its jets conducted an unprofessional intercept of an American radiation-sniffing surveillance plane in the East China Sea and urged Washington to stop such activities. The two Chinese SU-30…
BRIEF-China Unicom Hong Kong announces April data
* April net addition of mobile billing subscribers 1.039 million * April aggregate number of mobile billing subscribers 267.304 million * April aggregate number of fixed-line broadband subscribers 76.854 million * April aggregate number of…
Unicom teams up with video giants
China Unicom said it will offer data packages that will charge users no extra data fees when they use smartphones to access content of Youku, LeTV, iQiyi and other video websites, all major players in…
China ended its one-child policy and became a 'demographic time bomb' anyway
tells Business Insider. “It’s not like you wake up one day and suddenly the world’s full of old people dependent on workers having to work harder and harder.” That especially makes sense in a country…
China Unicom Units Inflated Sales for Years, Document Shows (1)
(Bloomberg) — China United Network Communications Group Co., the state-run phone giant known as Unicom Group, found what it described as an unprecedented degree of falsified revenue, profit and asset figures at units in the…
China’s Financial Sector Clamps Down On Wealth Management Products
The growing risks in China’s financial sector have long been a hot topic on Wall Street, but until recently, the country’s policymakers have been willing to overlook these risks as growth has blossomed. Now, however,…
China's going to have to tighten its belt if it wants OBOR to be a success. Read why
China’s just-completed conference touting its Belt and Road initiative certainly looked like a triumph, with Russian President Vladimir Putin playing the piano and Chinese leaders announcing a string of potential deals and massive financial pledges.…
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