has often expressed his admiration for the economic achievements of countries like China. He wants to make Hungary the main hub for Chinese business and investments in Central and Eastern Europe. “The old model for…
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China’s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal
The sale – the second-biggest real estate deal ever in China according to Reuters data – is however … While Wanda did not give a reason for the sale, local business magazine Caixin quoted Wang…
Business PC market to grow on digital transformation
“The driver for China’s business PC market will shift from ‘equipment replacement’ to ‘satisfying demand from digital transformation,” Wang Jiping, associate vice-president of IDC China, said at an event in Beijing on Friday, when IDC…
China Is Said to Close Major Hole in its Great Internet Firewall
“This seems to impact individuals” most immediately, said Jake Parker, Beijing-based vice president of the US-China Business Council. “VPNs are incredibly important for companies trying to access global services outside of China,” he said. (…
China’s Wanda Signals Retreat in Debt-Fueled Acquisition Binge
“Wanda is selling the noncore part of its cultural tourism business,” said Deng Zhihao, a real estate economist with Fineland Assets Management Company based in Guangzhou, China. “Ultimately, what they are selling are properties that…
Brands unite to take new energy market
The China Association of Automobile Manufacturers estimated that new energy car sales could hit 800,000 units in 2017. Rivaling Daimler AG in China, BMW AG announced in March that its local line-up will come with…
China says U.S. has apologized for Taiwan name gaffe
Foreign ministry spokesman Geng Shuang said China asked the United States for an explanation of the mistake, and the U.S. said it was a technical error. Washington apologized and corrected the error, Geng said at…
ZTE, China Unicom complete first 5G NR field test
NEW DELHI: Chinese telecommunications giant ZTE has announced the company supported China Unicom in the operator’s successful first 5G NR (New Radio) field test. “Deploying ZTE’s pre-commercial 5G base station at sub6GHz with Massive MIMO,…
Nine Chinese firms to go public
BEIJING — The China Securities Regulatory Commission (CSRC) has approved IPO applications from nine companies. They will raise up to 6.5 billion yuan ($957 million), the CSRC said in a statement. Four companies will be…
China’s Bond Trading Takes on a New Twist
On a recent morning in Shanghai’s Lujiazui financial district, Xiong Yun’s eyes darted around the four computer screens at his desk, scanning activity in China’s bond and futures markets. Staring at the matrix of numbers,…
Stripe strikes global partnerships with China’s Alipay, WeChat Pay
Stripe hopes the integration will help boost its revenues by allowing clients to tap China’s vast consumer market, where credit cards account for only a fraction of online spending, the company said. Alipay is the…
What South Korea’s 1997 Meltdown Can Teach China in 2017
In China an authoritarian regime has sacrificed financial rationality to prop up the unsustainable growth rates that give the Communist Party its legitimacy. What China really requires is the state’s withdrawal from the economy, to…
Crown judgment reveals casino group’s $875m China windfall
Mr Scott said a casino’s theoretical win rate was around 2.5 per cent of rolling chips, which meant mainland China generated $875 million in VIP revenue for the casino group last financial year, based on…
