A Plano businessman pleaded guilty Thursday in federal court to smuggling radiation-protected microchips used in space exploration to China and Russia, the U.S. attorney’s office said. Peter A. Zuccarelli, 62, was charged in June by…
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Unappetizing: Yum Brands’ earnings fall on lower revenue
In October, Yum Brands spun off its China business, Yum China, as a separate, publicly trade company. Yum China is now a licensee of Yum Brands in China. ( read original story …)
Electric-car startup Faraday Future shakes up its executive ranks amid scramble for cash
Newly hired chief financial officer Stefan Krause … marking the first time he will assume an official role at Faraday Future. Jia is the founder of the Beijing-based electronics company LeEco, which has been bleeding…
Coal-fired power plant in China issues green bonds
To promote new methods of financing to back China’s transition to cleaner growth, Beijing opened five “green finance” pilot zones. Under the program, the government is going to spend at least three trillion yuan ($450…
China Firms Call for More Tax Cuts in Government Survey
and challenging project,” Liu Shangxi, the head of the academy, which is under the Ministry of Finance, told a news conference in Beijing. Besides the tax costs, Chinese firms are having to pay increasingly higher…
China New Borun to Report Second Quarter 2017 Financial Results
Company to Hold Conference Call on August 23 at 8:00 a.m. E.T.– BEIJING, Aug. 4, 2017 /PRNewswire/ — China … today announced that it plans to release its unaudited financial results for the second quarter…
China strives to reduce financial risk
Risk control and serving the real economy will be the major tasks of China’s financial sector in H2. Guarding against systemic financial risk is vital to the health of the economy and so the government…
China takes bigger steps on financial opening up
China has quickened the pace of opening up its financial market to spur economic growth, raise financial sector competitiveness and actively participate in the global market. Last month, overseas investors gained direct access to the…
Exclusive: China regulators plan to crack down further on overseas deals
SAFE said in a written reply to questions from Reuters that it would strengthen China’s financial market regulations along with other financial supervisory authorities to ward off overseas investment risks while promoting trade and investment.…
China’s designers want to tell the fashion story without bamboo and pandas
One of them is Hong Kong-listed JNBY, short for “Just Naturally Be Yourself”, a Chinese fashion brand that has over 700 retail stores in China and overseas operations in 12 countries. Frank Zhu, chief financial…
China just held a drill to shut down ‘harmful’ websites as it tightens its grip on the internet
HONG KONG, Aug 3 (Reuters) – China held a drill on Thursday with internet service providers to practice taking down websites deemed harmful, as the country’s censors tighten control ahead of a sensitive five-yearly political…
China says India is building up troops amid border stand off
FILE PHOTO: Indian Prime Minister Narendra Modi and Chinese President Xi Jinping leave after a group picture during BRICS (Brazil, Russia, India, China and South Africa) Summit in Benaulim Thomson Reuters BEIJING (Reuters) – China’s…
China accuses India of troop buildup amid tense border standoff
China’s foreign ministry on Thursday said India has been building up troops and repairing roads along its side of the border amid an increasingly tense stand-off in a remote frontier region beside the Himalayan kingdom…
