Ford Motor Company will move production of its small Focus sedan to China starting in 2019, and then ship the vehicles back for North American customers for the first time ever. Ford already makes some…
Monthly Archives For June 2017
Billionaire fortunes are suddenly vanishing in China IPO frenzy
Beijing Xinwei didn’t respond to phone calls and an emailed request for comment. Some of China’s IPO tycoons have managed to stay above the billion-dollar mark even as their companies’ share prices retreated from post-listing…
Hong Kong’s Carrie Lam: ‘I am no puppet of Beijing’
Carrie Lam thinks there is a place for her in heaven. “Because I do good things,” she says. She tells me this with a straight face. In fact, the 60-year-old career civil servant is relentlessly…
As China trial looms, offshore offices of James Packer’s Crown are hard to find
The apparent retreat underscores the scale of the fallout from the detentions, which fuelled concern that China was clamping down on overseas casino operators that drum up business on the mainland. Any scaling back of…
China shares get long-sought MSCI index listing
US stock index provider MSCI has agreed to include China’s mainland domestic shares in its emerging markets index for the first time. The move is a step forward for Beijing as it attempts to open…
China’s Global Financial Integration: How Far, How Fast
China’s newly reclaimed role as the “Middle Kingdom,” showcased at a recent gathering of world leaders in Beijing to celebrate China’s “New Silk Road,” should have vanquished any lingering doubts about China’s commitment to weaving…
Ford to move Focus production to China, sees no US job loss
Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019. Ford said Tuesday it plans to move production of its Ford Focus small car from the U.S.…
Ford to build the Focus in China instead of Mexico
Ford will shift production of the Focus compact car from the United States to China. And in a first for the automaker, it will ship many of these cars back to the U.S. to sell.…
President Trump criticizes China and Obama for North Korea approach after Otto Warmbier’s death
President Trump on Tuesday criticized China and former President Barack Obama for their responses to the yearlong captivity of American student Otto Warmbier, even as the White House held off announcing action over the young…
Billionaires’ Fortunes Are Being Wiped Out in China’s IPO Frenzy
It took just three weeks for Ding Lieming to quintuple his net worth and become a freshly-minted billionaire. Six months later, almost half his fortune was gone. A tale of bold bets gone bad? Nope,…
China invites Ivanka Trump, Jared Kushner to visit Beijing
The news comes after the couple hosted a dinner on Sunday for Terry Brandstad, the newly sworn-in U.S. ambassador to China, Bloomberg reported. Brandstad, who was the governor of Iowa, is expected to arrive in…
China sees quantum leap in secure telecommunications technology
Enjoy a longer, more in-depth read. June 20, 2017 Beijing—A Chinese quantum satellite has dispatched transmissions over a distance of 746 miles, a dozen times further than the previous record, a breakthrough in a technology…
China freezes bank accounts of over 100 Myanmar traders
Chinese banks have frozen the accounts of more than 100 commodities traders in northeast Myanmar in a bid to clamp down on smuggling and illegal gambling, state media reported Tuesday. Myanmar’s government has been negotiating…
