China’s affinity for robots has created a booming industry, but its companies aren’t overtaking their global competitors, a senior partner at consulting firm McKinsey & Company told CNBC. A decade ago … ( read original…
Monthly Archives For August 2018
Google CEO: We’re ‘not close’ to launching search in China
At an internal meeting on Thursday, Google CEO Sundar Pichai expressed interest in continuing to expand the company’s services in China , but told employees that the company was “not close” to launchi… ( read…
This is China’s most dangerous trade-war weapon
Americans, in various forms, own the other 70%. Still, an unexpected selloff of China’s Treasury holdings would undoubtedly rattle financial markets. “If China sells U.S. Treasuries as part of its res… ( read original story…
As China and Taiwan fight, a tiny coffee bean business thrives amid bitter political dispute
China and Taiwan have been self-ruled since the Chinese civil war of the 1940s, but officials in Beijing continue to claim sovereignty over the island and insist that under its one-China policy, Taiwa… ( read…
Edward Cheung on China’s Modern Property Tax System
China is moving closer to a nationwide property tax. Expected to be rubber-stamped in 2019, the levy will tame speculative market behavior and modernize the system. While legislation was long-delayed … ( read original story…
China to send vice-ministerial trade delegation to US
China, in return, is attempting to appeal to Wall Street and US companies by rolling out long-sought investment liberalisation measures, especially in the financial services sector. It has pointedly p… ( read original story …)
China’s finance ministry goes back to old playbook with move to spur bond sales
China is expected to see a bond-selling spree after the finance ministry asked local governments to issue bonds as soon as possible as it tries to boost growth, a move that will push lenders to…
Kroger Decision To Launch Brands With Alibaba Is Pure Genius
This week Kroger looked to China and announced its plans to launch its owned brand Simple Truth® on Alibaba’s Tmall platform. The move is a stroke of Val Kilmer Real Genius, a move that far…
Tencent, the Chinese Internet Giant, Stumbles. Beijing Gets the Blame
SHANGHAI — Its chat app has inspired Silicon Valley. It owns some of the biggest video game franchises in the world. And after years of growth it has become one of the largest internet companies…
News of trade talks with China lifted markets, says Benchmark Investments’ Kevin Kelly
Investors seem to think there is going to be a trade deal with China, Kevin Kelly, CEO of Benchmark Investments. Aleksandra Michalska reports. Investors seem to think there is going to be a trade deal…
China Unicom performs well due to 4G and fixed-line business
China Unicom has reported service revenue of RMB134.4 billion (+8.3 percent), EBITDA of RMB45.7 billion (+4.9 percent) and profit of RMB5.9 billion in the first half of 2018. China Unicom said its cap… ( read…
China Unicom net rises to 5.9b YUAN
China Unicom (0762) yesterday reported a 145 percent rise in first-half net profit, helped by mobile revenue growth and cost control. Net profit for the January-June period stood at 5.9 billion yuan ( … (…
Key Takeaways From China Unicom’s First-Half Earnings
China Unicom, the second largest Chinese wireless carrier, published its results for the first half of 2018 on Wednesday, reporting a stronger than expected set of results. While the company’s service … ( read original…
