China Vanke (2202), the country’s second-biggest property developer by sales, yesterday reported a 22.1 percent rise in first-quarter core profit on solid revenue growth.China posted its fastest property investment growth in three years in the…
Monthly Archives For April 2018
China urges US to avoid damaging business confidence
China appealed to Washington on Thursday to avoid damaging business confidence following a report that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran amid spiraling technology tensions. The Wall Street…
Asia stocks supported by Wall St., but China drags
The benchmark Shanghai Composite Index fell 0.9 percent and the blue-chip CSI300 index dropped 1.4 percent as tech shares came under pressure following news that U.S. prosecutors have been investigating if China’s Huawei violated U.S.…
India, China to court each other at informal summit in bid to re-set ties
NEW DELHI/BEIJING (Reuters) – The leaders of India and China are set to make their boldest attempt yet at rapprochement in talks this week just months after a dispute over a stretch of their high-altitude…
Would Warren Buffett Be Interested in China Mobile Limited, One of the 30 Best Stocks in Singapore for 2018?
My Foolish colleague, Chong Ser Jing, recently ranked all the stocks in the Singapore market according to the Magic Formula, an investing strategy popularised by Joel Greenblatt in his book, The Little Book That Beats…
Two China biotechs drop U.S. IPO plans for $800 million Hong Kong floats: sources
HONG KONG (Reuters) – Two Chinese biotechs have axed plans to list in New York and instead aim to raise up to $800 million in Hong Kong IPOs, seeking to cash in on new rules…
Disney emphasizes China roots in Shanghai amid trade tension
SHANGHAI — Walt Disney Co. stressed its deep China connections as it opened an extension of Shanghai’s $5.5 billion Disney Resort on Thursday amid escalating tensions over trade and technology between Beijing and Washington. Disney…
China considering cutting duty on imported cars by about half: Bloomberg
BEIJING/SHANGHAI (Reuters) – China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing…
China Mobile : Finger Motion Updates on Business Development Wins
The first is two agreements that enable Finger Motion to tap into a huge telecommunications network by securing and combining all mobile data from China Mobile and China Unicom, Chinas two major telecommunication providers. The…
Beijing Auto Show: Tesla, a $111,000 electric sports car and VW’s tech push
The Beijing International Automotive Exhibition is a barometer of the state of the world’s biggest passenger-vehicle market. New cars are launched, startups vie for attention against their multinational rivals. This year’s show is significant for…
China says it welcomes visit by U.S. officials amid trade spat
BEIJING — China’s foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing next week amid trade tensions between the world’s two largest economies. Foreign ministry spokesman…
Chinese traffic police use big brother-style surveillance cameras to identify drivers with advanced facial recognition technology
Traffic police in China will implement facial recognition technology to identify drivers that violate road rules. From next Monday, police in Shenzhen, a city in south-east China, will implement 40 sets of surveillance cameras dubbed…
China’s financial watchdog begins inspections of banks’ risky lending: sources
BEIJING/SHANGHAI (Reuters) – China’s financial regulator has launched a nationwide inspection of banks’ risky business practices, focusing on consumer loans and real estate lending in regions with high levels of household debt, two sources with…