BEIJING — U.S. officials have a name for their frustration with Beijing’s technology ambitions: “Made in China 2025.” Issued in 2015, it calls for China to develop its own global competitors in fields from information…
Monthly Archives For April 2018
WeWork to snap up China-based rival Naked Hub: sources
Naked Hub, headquartered in Shanghai, has around 50 opened and planned locations across mainland China, Hong Kong and Vietnam … $4.4 billion in investments from the Japanese firm and its technology fund last year and…
New challenge to USD: SBP allows Bank of China to settle transactions in yuan
KARACHI -UNS : The State Bank of Pakistan granted Bank of China permission to establish yuan settlement and clearing mechanism in a major step to encourage trade with Chinese currency and eventually in the respective…
China central bank governor says first quarter economic data a little better than expected
BEIJING (Reuters) – China’s central bank governor, Yi Gang, said on Thursday that first-quarter Chinese economic data has been a little better than expected. Yi was a speaker at a Belt and Road conference in…
China commerce ministry says Beijing will fight back if U.S. escalates trade spat
BEIJING (Reuters) – China is well prepared and will not hesitate to fight back if the United States escalates its trade spat with Beijing, the commerce ministry said on Thursday, adding Chinese President Xi Jinping’s…
How To Revive Your Mind, Body And Soul During Spring In Beijing
Given its harsh winters and muggy summers, Beijing shows best in the spring. It’s a time when blossoms return to trees and locals ditch the heavy mittens and blankets attached to their scooters. In fact,…
Ford to ramp up Lincoln rollout in China in bid to catch rivals: sources
DETROIT/BEIJING (Reuters) – Ford Motor Co’s (F.N) premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in…
CIA Director Mike Pompeo failed to disclose business link to China
CIA Director Mike Pompeo failed to disclose links to a company owned by the Chinese government during his 2017 confirmation. The CIA defended Pompeo’s omission saying, “He would have no reason to know details on…
China Takes New Step Toward Opening Its Financial Markets to the World
Given China’s creaky financial system and high debt buildup, Beijing is keen to maintain a tight grip on the pace of financial liberalization and capital flows, analysts say. “We can’t deal with it if we…
China Construction Bank opens a branch managed by robots
After the introduction of unstaffed convenience stores and cashier-less karaoke booths, self-service bank branches now look like they are becoming a reality. China Construction Bank (CCB), the nation’s second largest lender by assets, opened one…
LVMH Sets Upbeat Tone for Luxury Brands
LVMH moved to ramp up its e-commerce business across its stable of brands last year with new sites for its Celine handbags and Berluti shoes, the first online store in China for its largest brand,…
Heritage minister gets assurances from China on protection of intellectual property
Heritage Minister Mélanie Joly said she and dozens of Canadian cultural organizations in China have been given assurances on protection of intellectual property should they enter the Chinese market. Canadian companies have raised concerns repeatedly…
‘We will make great progress together!’ Trump praises Xi after Chinese leader offers concessions on auto tariffs and intellectual property
Very thankful for President Xi of China’s kind words on tariffs and automobile barriers…also, his enlightenment on intellectual property and technology transfers. We will make great progress together!’ Trump tweeted. But China also filed a…