Representatives for Bank of America, Citigroup and Morgan Stanley declined to comment. Support from Western banks has helped fuel a debt-backed buying spree by HNA, as it expanded from its home base on China’s sunny…
Monthly Archives For July 2017
Bad Loans in China Set to Climb
More businesses in China may be unable to repay their bank loans in coming years as the economy slows while the government steps up its deleveraging campaign, according to a state-owned asset management company (AMC)…
Chinese brands have invaded Indonesia’s fast-growing smartphone market
In order, Samsung ranked top ahead of Chinese duo Oppo and Asus, with local brand Advan and Lenovo-Motorola rounding out the top five. “The smartphone market in Indonesia as we know it has changed with…
TV inventory levels at top brands escalating
Inventory levels at international TV brands reached 10.6 weeks on average recently, higher than a normal level of eight weeks. Meanwhile, those at China-based vendors climbed to 7.4 weeks compared to six weeks normally, indicated…
The 2017 RTG Consulting Brand Relevance Report Reveals Significant Gains For Chinese Brands
To succeed, brands need to move at the speed of modern China’s cultures and subcultures.” “At RTG our mission is to ensure our clients’ brands remain relevant to today’s consumers, so it’s critical to hear…
China unveils plan to become a world leader in AI by 2025
BEIJING (Reuters) – China unveiled a national artificial intelligence (AI) development plan on Thursday, laying out its ambitions to build world-leading technology amid heightened international friction over applications of AI in military technology. ( read…
US Cardinal Health puts $1.5 billion China business on block: Sources
Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms. A deal that may be worth up to $1.5 billion, sources familiar with the matter said. Cardinal…
US and China emerge from trade talks without agreement
“China acknowledged our shared objective to reduce the trade … President Donald Trump told a reporter that steel tariffs “could happen”, according to Reuters news agency. Experts thought it was unlikely that the talks would…
US-China trade talks break up without breakthrough
Earlier, the two sides had canceled planned news conferences without saying why. The Trump administration is considering slapping tariffs on steel imports to combat a glut caused largely by massive Chinese production. And Trump has…
Why is the India-China border stand-off escalating?
Hence, I think we should not take them lightly or see it as a bluff,” a China expert told me. In 1962, the state-run news agency Xinhua warned well in advance that India should “pull…
Governor General defends China visit amid Nobel peace laureate’s death
As Gov. Gen. David Johnston prepares to end his service as the Queen’s representative in Canada, he took a moment to defend his goodwill mission to China earlier this month. During a candid one-on-one interview…
Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources
HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5…
China clamping down on use of VPNs to evade Great Firewall
… from state-owned China Telecom Ltd. says VPN users are barred from linking to other sites outside China, a change that might block access to news, social media or business services that are obscured by…
