China is buying electricity from North Korea and will reportedly pay between $60,000 and $100,000 a month. North Korea has persistent power shortages and much of the country plunges into darkness at nighttime. Selling its…
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China stocks retreat as property, resource firms drag; Hong Kong inches up
SHANGHAI, Feb 27 (Reuters) – China’s major stock indexes fell on Tuesday morning, led lower by real estate and resource firms, as investors booked profits after a six-session winning streak. Market participants continued to weigh…
Deadline for IPO reforms extended by two years
[Photo/VCG] China’s top legislature has extended the deadline for the government to launch registration-based initial public offerings for another two years, a move reflecting a gradual and cautious approach of the country’s IPO reform, analysts…
Chinese takeover of Waldorf Astoria owner Anbang shows new strategy
Rather than following traditional regulatory methods of nationalizing Anbang or forcing its sale to another financial firm, Hirson pointed out that Beijing chose to have a committee of regulators run Anbang for at least a…
Systemic approach urged to prevent financial risks
China should adopt a systemic approach to prevent financial risks amid a lack of coordination among different regulatory agencies, a central bank advisor said. “We have rolled out many measures and guidelines to tackle financial…
Baidu’s IQiyi: More About China’s Netflix That’s About To IPO
Baidu recently disclosed that it will IPO iQiyi in the United States. iQiyi, who many call China’s Netflix, is a leading player in Chinese streaming video, along with Tencent Video. Baidu owns around 80.5% of…
China’s Geely raid on Daimler reignites German know-how fears
Economy minister Brigitte Zypries stuck to Berlin’s position that Geely’s [GEELY.UL] swoop was a business matter … after a series of deals saw China gain access to high-tech know-how, while attempts by German companies to…
China cracks down on social media pushback against Xi Jinping
China’s censors have been working overtime since the news broke, removing social media posts from Weibo, the country’s state-monitored answer to Twitter. The BBC compiled a list of words and phrases that have been taken…
China steady in opening up finance industry
Following eased controls on foreign-owned shares in financial institutions last year, China has forged ahead with opening up its finance industry with measures to expand the scope of business and market access for foreign banks.…
Bar set high for Canadian team at next Winter Olympics in Beijing
PYEONGCHANG, Korea, Republic Of — Canada’s pump is primed for the podium at the 2022 Winter Olympics, according to one of the country’s top sports officials. After a record 29 medals — 11 gold, eight…
Daimler’s Chinese billionaire investor wants its electric car technology
Some analysts suggest Li wants to get his hands on Daimler’s clean energy technology. That could help boost Geely’s competitive position in China’s market for electric vehicles, which is already the world’s biggest. Related: VW…
Ericsson Signs China Mobile for Industrial Internet Trials
BARCELONA — Sweden’s Ericsson, the world’s No.2 maker of mobile network equipment, said on Monday the company had signed a Memorandum Of Understanding (MoU) with world’s biggest network operator, China Mobile, over the weekend. Ericsson…
China puts responsibility for battery recycling on makers of electric vehicles
SHANGHAI (Reuters) – China will make manufacturers of electric vehicles (EV) responsible for setting up facilities to collect and recycle spent batteries, as part of its efforts to tackle mounting waste in the sector, say…
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