NEW YORK — Facebook is blocked in China but it’s still setting up a subsidiary in the world’s most populous country. The company says it wants to set up an “innovation hub” in Zhejiang to…
Posts By admin
Fear factor: China steel exporters delay shipments, giving space to rivals
Among those that have canceled or delayed cargoes are Chinese exporters that have been taking advantage of Beijing’s generous tax rebate system on value-added steel, according to two Chinese exporters … ( read original story…
China Mobile to host Apple’s China iCloud until 2020
State-imposed hoster GCBD will use China Telecom servers till Apple can build a new Ghuizhou data center Guizhou-Cloud Big Data Industry Co (GCBD), which recently took over the operation of Apple’s iC… ( read original…
China to speed up US$199 billion of domestic spending to protect growth during US trade war
China’s state-owned banks told to stop lending to local governments as debt crackdown intensifies While the central bank, the People’s Bank of China, on Friday allowed financial institutions to issue … ( read original story…
China’s yuan falls to 13-month low after cabinet’s growth support comments
On Monday, the State Council, China’s cabinet, also indicated plans to accelerate the issuance of 1.4 trillion yuan (US$207 billion) in special bonds by local governments to underwrite investment in i… ( read original story…
China’s debt threat: time to rein in the spending boom
China’s financial system has all these features. Among other things, China has a shadow banking sector, though a study by the Bank for International Settlements argues that “securitisation and market- … ( read original story…
China crisis: Foreign food brands forced to innovate to avoid losing share in tough market
As a trade war between Washington and Beijing gathers steam, some of the best known foreign food and beverage brands have been finding themselves on the back foot in their own battles in China. The…
Online fame makes niche brands popular
In recent years, the majority of international makeup brands’ sales have come from Chinese e-commerce websites such as Tmall and JD. [Photo by Niu Jing/For China Daily] Smaller overseas cosmetic brand… ( read original story…
China’s $9 Billion Plan to Boost 5G Undermined By Trade War
State-controlled China Tower Corp., which operates almost 99 percent of the country’s wireless towers and charges its three carriers leasing fees, is preparing to raise as much as $8.7 billion in a Ho… ( read…
Move Over Millennials: Why Brands Should Stop Ignoring China’s Silver Generation
Everyone knows the fastest growing group in China is the millennial demographic, right? Think again. The “silver generation” is actually the fastest-growing group in China, and seniors—a demographic t… ( read original story …)
Facebook opens subsidiary in China after being locked out of the country for years
A notice published on China’s National Enterprise Credit Information Publicity System listed the company as Facebook Technology (Hangzhou) Co., Ltd and noted that it is wholly owned by Facebook Hong K… ( read original story…
Facebook gets a toehold in China after being locked out of the country for years
Neither materialized. Oculus, Facebook’s virtual reality company, has a Shanghai office, and the company is interested in China for its growing hardware ambitions. ( read original story …)
Facebook, Trying to Move Forward in China, Registers a Chinese Subsidiary
SHANGHAI — After a decade of effort in which Facebook’s progress at courting China often seemed to stall, the social network finally gained an official status in the country — at least temporarily. Fa… (…
