YOKOHAMA, Japan Japan and China agreed to bolster economic and financial cooperation, Japanese Finance Minister Taro Aso said on Saturday, as U.S. President Donald Trump’s protectionist stance and tension over North Korea weigh on Asia’s…
Monthly Archives For May 2017
China’s first bike-sharing IPO Youon called off amid IP infringement lawsuit
China’s first bike-sharing app initial public offering (IPO) has hit a bump in the road, after a patent dispute has emerged over its “Uber-style” rental business model. Youon Public Bicycle System, the Jiangsu province-based bike…
Beijing, Tokyo, Seoul vow to combat financial instability
TOKYO: East Asia’s three biggest economies vowed Friday to work together to help prevent market instability as tensions run high over Pyongyang’s weapons program. North Korea’s efforts to develop an arsenal of nuclear-armed missiles have…
Japan, China to hold finance talks amid concerns on protectionism, North Korea
YOKOHAMA, Japan Japan and China will hold their first bilateral financial dialogue in two years on Saturday to discuss risks to Asia’s economic outlook, such as the protectionist policies advocated by U.S. President Donald Trump…
China’s push to rein in financial risk rattles markets
A wave of regulations aimed at cutting risk in China’s financial system is rippling through the country’s markets and sending banks and companies scrambling for funds. During the past month, Chinese shares have fallen nearly…
Canadian citizen detained in Beijing locked in room as punishment
A Canadian citizen being held against her will in a Beijing detention centre since February was from time to time locked in a small darkened room as punishment early in her incarceration, her lawyer says.…
Shanghai steps up supervision of red-hot property market
Property prices have soared in China’s biggest cities such as financial hub Shanghai and capital Beijing since last year, prompting regulators to step up control to cool the market to avoid a crash. Shanghai’s housing…
China’s smartphone market is dominated by companies you’ve probably never heard of
While Huawei, Oppo, and Vivo are way up in China, much of their growth is coming from lower … While its premium Galaxy S series does alright for itself, its smartphone business is still about…
E-Mart China business to close down
South Korean discounter E-Mart is to close down its China business. For 20 years, E-Mart China has battled to be profitable. Now it says the diplomatic dispute over the location of the THADD missile defence…
China signals new era as first homegrown jetliner takes off
It’s a lucrative one. China’s middle class continues to expand and desires vacations to Thailand or business trips to Texas. Boeing estimates single-aisle planes like these will generate about $535 billion — 75% — of…
China's C919 jet lands successfully after maiden flight
The narrow-body aircraft, which will compete with Boeing’s (BA.N: Quote) 737 and the Airbus (AIR.PA: Quote) A320, is a key symbol of China’s ambitions to muscle into a global jet market estimated to be worth…
Exclusive: China seeks up to 85 percent stake in strategic port in Myanmar
A consortium led by China’s CITIC Group [CITIC.UL] has proposed taking a 70-85 percent stake in the $7.3 billion deep sea port, according to negotiating documents seen by Reuters and three people familiar with the…
Why the iPhone is losing ground in China
Apple, which reported on Wednesday its fifth consecutive quarter of revenue decline for its greater China business, has seen a double-digit fall in iPhone’s first-quarter sales in China, which was a major source of growth…
