“Measures to hold back company transactions definitely cannot work,” Li said. “Such demand cannot be eliminated as long as China opens its door to trade and exchange with other countries.” Renmin University finance professor Zhao…
Monthly Archives For May 2017
Lenovo’s struggling mobile business sets sight on high-end market
A recently announced reorganization of its China business aimed at sharpening the PC brand’s consumer focus comes amid an ongoing effort to tighten its mobile branding and shift the focus to pricier models under its…
In China, Umbrellas and Basketballs Join the Sharing Economy
In its latest iteration, the sharing economy in China has evolved into something like an internet-enabled rental business. Unlike Airbnb and Uber, which provide a platform that connects users to existing resources, the latest sharing…
Harris Technology opens up China-Australia sales channel
Harris Technology has revealed plans to launch a Chinese division that will sell products directly to Australian consumers. In an interview with Openbriefing.com, chief executive Garrison Huang said the company would be taking advantage of…
Lenovo’s struggling mobile business sets sites on high-end market
A recently announced reorganization of its China business aimed at sharpening the PC brand’s consumer focus comes amid an ongoing effort to tighten its mobile branding and shift the focus to pricier models under its…
Two-thirds of smartphone users now paying by mobile
The figures, from China Internet Network Information Centre, show 64.7 per cent of smartphone users, or about 424.5 million individuals, were making regular mobile payments in June, up 7 percentage points from December last year.…
Hyundai plots China branding reboot after missile row
The measures are aimed at rebooting the South Korean firm’s branding in China, where many see Hyundai as a lower-end maker of city taxis. Hyundai and its affiliate Kia Motors were not long ago ranked…
India leads globally in adoption of biometric technology: Report
The report was compiled from research representing views of 12,019 people from 11 countries and territories — Canada, China, France, Germany, Hong Kong, India, Mexico, Singapore, the United Arab Emirates, UK and the USA. The…
China’s banking sector is facing new headwinds as asset growth cools
For the past few years, Chinese banks boosted their assets at a rapid clip, mainly by disguising loans as investments. But as the expansion has slowed considerably in recent months, industry insiders are beginning to…
The Next Global Financial Crisis: A Chinese Sovereign Debt Default?
Moody’s recent downgrading of China’s sovereign debt rating triggered waves of reaction in both financial markets and policy circles. But like many other rating adjustments it looks more like a lagging, rather than a leading,…
China honors scientists ahead of sci-tech workers’ day
China honored a number of scientists and scientific groups Saturday ahead of the nation’s first science and technology workers’ day, which will fall on May 30. Liu Yunshan, a member of the Standing Committee of…
Safe Sex: Chinese buy condom business as savvy youth spur demand
… it had reached an all-cash deal with China’s Humanwell Healthcare Group Co Ltd and CITIC Capital China Partners for its condoms business. Humanwell declined to comment on its strategy for the Chinese and other…
Business, Beijing style: China ready for deal-making with Trump
While Donald Trump is denigrated in much of the West, the Chinese leadership has taken a distinctly different outlook: it now sees Trump as a transactional, deal-making pragmatist with whom it can do business. The…