HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd [HWT.UL] on Friday … “In 2018, we will have disruptive products and innovative technology to lead the global market. I believe that 2018 will be the…
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China regulator penalizes 13 financial institutions over illegal bank guarantee case
BEIJING (Reuters) – China’s banking regulator said on Friday it has penalized 13 financial institutions for providing funds to China Guangfa Bank, imposing fines and confiscating illegal income totaling 1.34 billion yuan ($206 million). The…
China denies improper NK oil supplies after Trump criticism
China on Friday, Dec. 29, 2017 denied violating U.N.-imposed limits on oil supplies to North Korea after U.S. President Donald Trump criticized Beijing for allowing oil to reach the North. (AP Photo/Mark Schiefelbein, File) BEIJING…
China December factory growth seen slowing only slightly despite smog war
BEIJING (Reuters) – Growth in China’s sprawling manufacturing sector likely slowed only slightly in December despite tough pollution measures that have forced some factories to curb production and a cooling housing market, a Reuters poll…
Trump warns that ‘there will never be a friendly solution’ to North Korea if China continues allowing oil to flow into the country
President Donald Trump took to Twitter on Thursday to berate China for allowing illegal oil trading with North Korea. Ship-to-ship trading of certain goods, including oil, with North Korea is illegal under UN sanctions passed…
China offers tax break to keep investors after U.S. changes
China has long been among the top global destinations for investment but foreign enthusiasm is cooling. Surveys by business groups show companies are shifting emphasis to other Asian economies seen as more profitable or less…
China temporarily waives taxes to get foreign firms to stay
The new incentives for foreign business to keep their earnings in China follow the passing last week of a corporate tax overhaul in the United States. The US reform will lower the tax rate for…
Air China will become international passengers’ first choice for border crossings
This policy will be a strong driver for the tourism and aviation industry throughout the Beijing-Tianjin-Hebei Region. Air China Limited (“Air China”) will actively facilitate the new visa-free transit policy. Putting the needs of connecting…
Beijing phases out over 4,450 coal-fired stoves in 2017
Beijing phased out more than 4,450 coal-fired stoves in 2017, reducing the capital city’s coal consumption by nearly 3 million tonnes, local authorities said Friday. The move also reduced emissions of 5,500 tonnes of smoke…
A new report reveals China-backed developers are behind the Adelaide apartment boom
The report from property group Colliers International and the Australia China Business Council reveals more than 1600 apartments are under construction in the CBD with an additional 2000 at various stages of the approval process.…
Retrials in 3 property cases ordered
The retrials have shown that the people’s courts around China will further protect people’s property right and create a healthy environment for entrepreneurs so they can play a more important role in society, according to…
China Mobile Chooses Huawei’s CloudFabric Solution for Its SDN Data Center Network
[Shenzhen, China, December 29, 2017] Huawei recently announced that it would use the CloudFabric solution to help China Mobile build a private cloud resource pool for data centers in Hohhot and Harbin. Its aim is…
China’s Huawei says expects 2017 revenue up 15 percent to $92 billion
HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd [HWT.UL] expects 2017 revenue to rise 15 percent to 600 billion yuan ($92.08 billion), its rotating chief executive, Ken Hu, said in a New Year’s message…
