China’s foreign minister recently likened the U.S. and North Korea to two speeding trains hurtling toward each other, an analogy that would seem to place China in the role of helpless bystander. And indeed, while…
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China’s Shandong Tyan says talks over on bid for Barrick’s Kalgoorlie mine
Shanghai-listed Shandong Tyan Home said on Wednesday its negotiations with Barrick Gold Corp to buy the Canadian operator’s 50-per cent stake in Kalgoorlie mine have ended without a deal, citing new capital and acquisition rules…
China capital outflows stabilized in first quarter as capital controls bite
Expectations for further yuan depreciation have weakened significantly, State Administration of Foreign Exchange (SAFE) spokeswoman Wang Chunying told a news conference. Net foreign exchange sales by China’s commercial banks fell sharply in the first ……
China’s DEADLY new warship fires missiles off coast of North Korea as WW3 fears mount
And it claims a war with the hermit state could happen “at any time” amid rising tensions with Russia and the US. China has been a long time ally of despot Kim Jong-un, but recently…
N.B. shoemaker tries to get China-inspired shoes off on right foot
The goal isn’t to compete with Nike but to fill a niche market. Kasdan’s shoe is inspired by two shoes traditionally worn in China. One, worn by martial artists and named Feiyue, means “fly over.”…
Baidu to share self-drive car technology
He said this could mean that Baidu’s technology will be used in millions of cars on China’s roads by 2020. However, bigger international carmakers who are already working on autonomous vehicles are unlikely to follow…
China, EU push message of free trade, engagement
Top diplomats from China and the European Union pledged closer cooperation Wednesday, highlighting their common interests in peace and security and pushing a message of free trade and open engagement in contrast to fears that…
China's Ant Financial targets brand boost in SEAsia with helloPay deal
BEIJING Ant Financial, the payment affiliate of Alibaba Group Holding Ltd (BABA.N), has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in Southeast Asia.…
How China can ward off financial crisis
With emerging Asian economies now accounting for nearly two-thirds of global growth, China bears have a ready audience for their gloomy prognostications. Some, like the high-profile U.S. economist Tyler Cowen, have been predicting imminent financial…
China granted monopoly retail rights to Ivanka Trump on the same day she had dinner with its president
As the first daughter crafts a political career from her West Wing office, her brand is flourishing, despite boycotts and several stores limiting her merchandise. U.S. imports, almost all of them from China, shot up…
China Mobile Achieved CNY708.4 Billion Operating Revenue In 2016
In 2016, China Mobile realized operating revenue of CNY708.4 billion, a year-on-year increase of 6%. Its earnings before interest, taxes, depreciation and amortization were CNY256.7 billion, a year-on-year increase of 6.9%; and its net profit…
Chinese Investment Scandal Highlights ‘Shadow Banking’ Risks
He was wrong. On Wednesday, Ms. Wang, 61, joined about a dozen other customers in the lobby of a Beijing branch of the bank China Minsheng, pressing employees for details and demanding their money back,…
China EV makers to take on Tesla's Model 3 through price, local manufacture
SHANGHAI (Reuters) – It’s not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc’s “mass market” Model…
