China Eastern Air Holding Co has sold part of its freight business to four private firms. The State-owned parent company of China Eastern Airlines revealed the news on Monday as it stepped up efforts to…
Monthly Archives For June 2017
China pushes back as U.S. aluminum industry urges crackdown on imports
WASHINGTON China pushed back on Thursday at charges by U.S. manufacturers and labor unions that it has flooded the market with cheap aluminum and put U.S. producers out of business, saying unilateral punitive trade measures…
Chinese banking watchdog probes ‘systemic risks’ of debt-fuelled empire builders
Fears of a clampdown on China’s swashbuckling corporate empire builders are mounting after authorities in Beijing began gathering financial intelligence on big-spending conglomerates. Banking regulators ordered lenders to report on companies that have … (…
China’s dog meat festival opens despite ban rumours
Between 10 million and 20 million dogs are killed for food annually in China, according to the Humane Society International. Dog meat consumption is not illegal in China, but animal rights groups have sought to…
China’s ‘straddling bus’ hits its final roadblock
It seemed like a glimpse into the city of tomorrow – but China’s “straddling bus” was riddled by doubts early on and now is headed for the scrap yard. The futuristic idea was a bus…
North Korea: Tillerson, Mattis still playing China card with Pyongyang
“China understands that the United States regards North Korea … The Chinese delegation said nothing during a photo opportunity with reporters. Later, during a brief news conference featuring only the American officials, Mattis spoke bluntly…
In high-level talks, U.S. asks China to do more to rein in North Korea
“We reiterated to China that they have a diplomatic responsibility to exert … in the region,” U.S. Secretary of State Rex Tillerson told reporters at a joint news conference with Defense Secretary Jim Mattis. Mattis…
US: China needs to exert ‘much greater pressure’ on NKorea
Trump has been counting on China to use its economic leverage with the government … plays fast and loose with the truth,” Mattis told a news conference. At the talks, Mattis and Secretary of State…
Top Chinese general cuts short Vietnam trip amid South China Sea tensions
One of China’s top military leaders reportedly cut short his visit to Vietnam earlier this month, a move seen as the latest sign of Beijing’s anger about Vietnamese activity in the South China Sea. General…
China to levy 100 percent tax on overseas soccer transfers
China will effectively double the cost for its clubs to buy foreign soccer players in a move aimed at slowing the influx of overseas stars and encouraging homegrown talent. China’s Football Association announced Thursday that…
Calgary real estate firm advertises in China but can’t sell a home
A real estate agent hoped Vancouver’s foreign buyers tax would help her sell some languishing Calgary homes. Emma May told the Calgary Eyeopener that despite her best efforts to attract Chinese buyers over the past…
China’s private wealth surges to 165 trillion yuan
according to new research from China Merchants Bank and Bain and Co. The report forecasts the market will grow 14 per cent this year to 188 trillion yuan. Not surprisingly, with such a prize on…
CICC, Goldman to lead China Tower Hong Kong IPO worth up to $10 billion: sources
HONG KONG China Tower Corp has picked China International Capital Corp Ltd (CICC) (3908.HK) and Goldman Sachs (GS.N) to lead a planned Hong Kong initial public offering worth up to $10 billion, people with direct…
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