Marriott International and Dossen International Group signed an exclusive development agreement to bring the Fairfield by Marriott brand to mainland China in September 2016. The partnership targets aggressive growth in different cities across China in…
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China’s $800 Billion Sovereign Wealth Fund Seeks More U.S. Access
BEIJING — China’s sovereign wealth fund is looking at big bets in America. But the $800 billion investment behemoth said on Tuesday it faced an obstacle: the United States government. The fund, the China Investment…
Apple sets up China data center to meet new cyber-security rules
BEIJING (Reuters) – Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month.…
China Is Using Facial Recognition to Nab Jaywalkers; Investors Get Interested
SHANGHAI—A Chinese startup that sells facial recognition systems to police forces secured venture-capital funding that values it at more than $1.5 billion, underscoring the sector’s emergence as one of technology’s hottest areas of interest. (…
There’s a strange accounting trick behind one of China’s largest property deals ever
Major Chinese conglomerate Dalian Wanda is selling a bunch of its theme parks and hotels for $9.3 billion to Sunac, a Chinese property developer. That is projected to be the one of the largest Chinese…
Beijing hits back at United States on North Korea, says ‘the China responsibility theory’ has to stop
Beijing has hit back in unusually strong terms at repeated calls from the United States to put more pressure on North Korea, urging a halt to what it called the “China responsibility theory” while adding…
Sunac China’s shares soar as $9.3 billion Wanda property deal seen as positive
HONG KONG Sunac China Holdings’s (1918.HK) planned $9.3 billion deal to buy Dalian Wanda’s tourism projects and hotels is a bargain even though it could become China’s most indebted developer, analysts said, a view that…
U.S. firms in China decry local favoritism as market improves
“These increases reflect a return to previous trends after a particularly poor 2015, not a meaningful improvement in business conditions,” AmCham said. “China remains a difficult market and more efforts are necessary to create a…
China sends forces to 1st military base abroad, in Djibouti
China on Tuesday dispatched members of its People’s Liberation Army to the Horn of Africa nation of Djibouti to man the rising Asian giant’s first overseas military base, a key part of a wide-ranging expansion…
Overseas deals in the cross hairs at Beijing’s key financial policy meeting, sources say
Financial risk stemming from ambitious outbound investments will go under the microscope at a key financial policy meeting in Beijing in the middle of this month, sources close to the government told the South China…
CHINA: Don’t hold us responsible for solving North Korea
BEIJING (AP) — China on Tuesday said it shouldn’t be held responsible alone for solving the North Korean nuclear standoff, and accused other countries of shirking their responsibilities in the effort to reduce tensions. The…
China controls information about ailing Nobel Prize laureate
News searches for Liu’s name on Baidu, China’s largest internet search engine, have turned up no hits since February. Searches on WeChat also turn up empty. Many supporters of political reform inside China have instead…
Intel Corporation Wants to Boost Its Graphics Brand in China
When it comes to 3D graphics technology, chipmaker Intel (NASDAQ:INTC) is widely known, but at least among users who crave high-performance graphics technology to power increasingly visually rich gaming experiences, not particularly well respected. (…
