Chinese buyers presently snap up around a third of the world’s luxury goods, which makes China an appealing market for luxury brands as well as an influential one. But attempts by the luxury industry ……
Monthly Archives For February 2019
China-focused SPAC Wealthbridge Acquisition prices $50 million IPO at $10
Wealthbridge Acquisition, a blank check company targeting the air transportation industry in China, raised $50 million by offering 5.0 million units at $10, as expected. Each unit consists of one ordi… ( read original story…
Microsoft’s Bing blocked in China
The news was first reported by the Financial Times. Chinese state-owned telecommunications operator China Unicom told one of the FT’s “two sources familiar with the matter” that Bing had been … ( read original story…
China and Russia loaned billions to Venezuela — and then the presidency went up for grabs
China is Venezuela’s biggest market … Venezuela will essentially have to be rebuilt completely. The good news for Venezuela is that it sits on 300 billion barrels of oil, as well as underground rese… (…
China Investigates Reports of H.I.V.-Tainted Blood Plasma Treatment
The presence of H.I.V. antibodies in the treatment was first detected by the Jiangxi Provincial Center for Disease Control and Prevention, in southeast China. A representative of the province’s health … ( read original story…
Toyota earnings buoyed by China, but U.S. weakness persists
Japan’s biggest automaker attributed the smaller forecast to unrealized losses from equity investments, but, in an indication that business was still strong … as strong demand in China for its cheap … ( read original…
China’s inter-bank payment system passes severe test
China’s inter-bank payment and settlement system passed a tough test on Lunar New Year’s eve as the Chinese zealously snatched lucky money in virtual red envelopes for good fortune. Ms. Sun and her hu… (…
Lobsters and parkas: Huawei dispute does little to diminish Chinese demand for Brand Canada
Who would think a clash between China and Canada is a priority?” Canada may struggle to brand itself on the global stage, but in China, Brand Canada connotes a sense of reliability, cleanliness and au……
Bank of China’s $300 mln loan to Sri Lanka faces delay – govt officials
COLOMBO, Feb 6 (Reuters) – A $300 million loan offered by Bank of China to Sri Lanka is facing delays, government officials familiar with the negotiation told Reuters. The Indian Ocean island nation, … (…
How the People’s Bank of China is changing direction and going all out to save the private sector
While the market is trying its best to guess how many cuts in the reserve ratio requirement to expect in China this year, the Chinese central bank has managed to tweak its strategy. Facing the…
Bank of China’s $300 million loan to Sri Lanka faces delay, says Govt officials
A $300 million loan offered by Bank of China to Sri Lanka is facing delays, government officials familiar with the negotiation told Reuters. The Indian Ocean island nation, a key battleground in the t… (…
Alcoa CEO Says Aluminium Market Hurt by ‘Sucking Sound’ Pulling Toward China
Financial support for China’s aluminum industry is “on an order of magnitude larger’’ than in other countries, distorting global supply and demand balances for the metal, Alcoa Chief Executive Officer … ( read original story…
China hotel turns hot spring into human hot pot with healthy foods
A hotel in Hangzhou in China’s Zhejiang province recently made one of their hot spring pools into a human hot pot. WATCH BELOW: Extreme cold doesn’t stop Calgary ice carver from celebrating … ( read…
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