Economy minister Brigitte Zypries stuck to Berlin’s position that Geely’s [GEELY.UL] swoop was a business matter … after a series of deals saw China gain access to high-tech know-how, while attempts by German companies to…
Monthly Archives For February 2018
China cracks down on social media pushback against Xi Jinping
China’s censors have been working overtime since the news broke, removing social media posts from Weibo, the country’s state-monitored answer to Twitter. The BBC compiled a list of words and phrases that have been taken…
China steady in opening up finance industry
Following eased controls on foreign-owned shares in financial institutions last year, China has forged ahead with opening up its finance industry with measures to expand the scope of business and market access for foreign banks.…
Bar set high for Canadian team at next Winter Olympics in Beijing
PYEONGCHANG, Korea, Republic Of — Canada’s pump is primed for the podium at the 2022 Winter Olympics, according to one of the country’s top sports officials. After a record 29 medals — 11 gold, eight…
Daimler’s Chinese billionaire investor wants its electric car technology
Some analysts suggest Li wants to get his hands on Daimler’s clean energy technology. That could help boost Geely’s competitive position in China’s market for electric vehicles, which is already the world’s biggest. Related: VW…
Ericsson Signs China Mobile for Industrial Internet Trials
BARCELONA — Sweden’s Ericsson, the world’s No.2 maker of mobile network equipment, said on Monday the company had signed a Memorandum Of Understanding (MoU) with world’s biggest network operator, China Mobile, over the weekend. Ericsson…
China puts responsibility for battery recycling on makers of electric vehicles
SHANGHAI (Reuters) – China will make manufacturers of electric vehicles (EV) responsible for setting up facilities to collect and recycle spent batteries, as part of its efforts to tackle mounting waste in the sector, say…
China’s Geely becomes biggest Daimler investor
But the German government said it saw “no need to act in terms of competition rules or foreign investment rules”. China is widely considered the most important future market for global car manufacturers. In a…
China’s move to abolish presidential term limits is more unpopular than the government thought — so it’s turning to censorship
China’s ruling Communist Party announced its plan to abolish presidential term limits on Sunday, which would allow President Xi Jinping to rule indefinitely. A number of related phrases as well as pictures of Winnie the…
China’s Geely surges after building $9 billion Daimler stake
The 9.7 percent holding makes Li Daimler’s biggest shareholder and puts the owner of Mercedes-Benz in a quandary as it already has a partnership with China’s BAIC Motor Corporation, with the two unveiling a plant…
China leads its citizens to snow ahead of the 2022 Beijing Winter Games
Zhangjiakou, China (CNN)Four years out from the next Winter Games in Beijing, China faces the same challenges as most Olympic hosts — to build facilities, expand infrastructure and do it all within a budget. However,…
China’s new home prices rose in January, even as top cities register decline
China’s housing market has boomed since late 2015, giving a major boost to the economy, but is expected to gradually slow as measures to curb property speculation drag on sales. The challenge for policymakers is…
Financial literacy of consumers in focus
Senior citizens enquire about wealth management products at a financial expo in Beijing. [Photo by Fan Jiashan/For China Daily] BEIJING－Financial literacy has become a catchphrase in China after decades of reform and opening up, with…