Pedestrians walk past Holiday Inn Express on West 39th Street in New York. The hotel brand is making an effort to foray into third- and fourth-tier cities in China. [Photo/Agencies] Boosted by the emerging middle…
Monthly Archives For March 2018
Changan president proposes to promote China auto brands, intelligentize auto products to 13th NPC
Shanghai (Gasgoo)- Zhu Huarong, President of Changan Automobile Co., Ltd (Changan Auto) will deliver his proposal focusing on the image promotion of China’s auto brands and intelligentization for auto industry at the 13th National People’s…
China says defence budget to rise 8.1 per cent in 2018
BEIJING — China’s defence budget will rise 8.1 per cent to 1.1 trillion yuan ($173 billion) this year as the country prepares to launch its second aircraft carrier, integrate stealth fighters into its air force…
China keeps growth target at 6.5 percent, stays focused on financial risks
BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li…
China’s Tasly to list biotech arm in $1 billion Hong Kong IPO: sources
HONG KONG (Reuters) – China’s Tasly Pharmaceutical Group is planning to list its biopharma unit in Hong Kong to raise about $1 billion, in what is likely to be the largest biotech float in the…
China keeps economic growth target of around 6.5 percent this year
BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual…
China targets robust growth as Xi bids to rule indefinitely
BEIJING — China’s government pledged Monday to deliver robust growth, pursue advanced technology and boost military spending while urging the public to embrace President Xi Jinping’s rule as its ceremonial legislature prepared for changes to…
China’s Leaders Meet, and See ‘Critical Battles’ on Economy and Pollution
Mr. Li also promised more spending on advanced technology, noting that innovation was an increasingly important driver of China’s economic growth. “In high-speed rail, e-commerce, mobile payments and the sharing economy, China is leading the…
The Brands That Kowtow to China
Security staff guarding the Mercedes-Benz booth at an autoshow in Guangzhou, China, in November 2017 A couple of years ago, a satirist on Taiwan, the democratic self-governing island that China claims as a province, created…
Two manufacturers could spur other Chinese firms to look anew at South Carolina
European and Japanese manufacturers have an advantage with brands such as BMW or Toyota being well-known in the U.S. market. But China is looking to make up ground by investing in business such as Swedish…
Caterpillar drives sales on China’s new Silk Road
CHICAGO/NANTONG, China (Reuters) – At a Caterpillar facility in the eastern Chinese city of Nantong, an array of excavators, earth movers and road-making machinery is displayed on slopes and in mud pits. The audience is…
Were Analysts Bullish China Mobile Limited (NYSE:CHL) This Week?
Among 6 analysts covering China Mobile (NYSE:CHL), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. China Mobile had 7 analyst reports since August 21, 2015 according to SRatingsIntel. Jefferies maintained…
China’s Financial Reach Leaves Eight Countries Vulnerable, Study Finds
China is emerging as a massive creditor to its economic allies taking up projects to upgrade roads, harbors and airports, making it an increasingly important financial influence on the world stage. China is financing as…
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