China’s military warned off US warships conducting “unauthorized” sailing in waters Beijing claims in the South China Sea. China’s defense ministry said two US warships, the Antiem guided missile cruiser, and the USS Higgins destroyer,…
BUSINESS
Source: Trump administration has cut deal with China’s ZTE
In doing two, the two nations pulled back from the brink of a trade war over Chinese demands that U.S. companies hand over some of their technology as the price of doing business in China.…
Early Xiaomi workers to make millions from company’s IPO
Back in 2010, staffers were working seven days a week out of a bare-bones Beijing office park to get the unknown mobile … Now Li stands to make $10 million to $20 million, depending on…
Time-honored brands set for a facelift
The city government will further promote time-honored brands with strong Shanghai features as part of efforts to build the city into a modern shopping paradise. provided to china daily In a bid to bolster the…
The weird zigzags of a ship trying to navigate the U.S.-China trade war
mdash;@realDonaldTrump He later added that American farmers could soon look forward to a bumper crop of business coming from the Chinese agricultural market he was opening up. Under our potential deal with China, they will…
Chinese smartphone giant Xiaomi’s Hong Kong IPO will launch in July
The Beijing-based company will go on a roadshow by the end of June … who doesn’t own any stakes in Xiaomi. A US$10 billion IPO, the biggest in the global pipeline for 2018, would hurtle…
Foxconn Unit Plans China’s Biggest IPO Since 2015
BEIJING—A unit of Taiwan’s contract electronics manufacturer Foxconn Technology Group said it plans to raise 27.1 billion yuan, or $4.25 billion, through an initial public offering in Shanghai, potentially marking China’s biggest IPO since 2015.…
Foxconn unit’s US$4.27 billion IPO sparks Chinese buying frenzy
Beijing has accelerated IPO approvals for technology companies, including those funded by foreign capital, as a way of bolstering the country’s technological innovations. Foxconn passed through an IPO review procedure by the China Securities Regulatory…
GM Is Building Cheap Cars for China’s Masses
GM is making a similar play in China, with Baojun as the Chevy. “If the smaller cities are growing faster than major cities, we’re positioned for it,” says GM President Dan Ammann. “We’re the only…
China’s Li says German companies welcome amid US trade spat
That is one area in which Washington and Berlin agree China is violating its free-trade commitments. Merkel was accompanied by an 18-member business delegation representing chemicals, pharmaceuticals, auto manufacturing and other industries. Li repeated ……
How Alibaba Helps US Brands Reach a Half-Billion China Consumers
If you think of China solely as a manufacturing hub you’ve missed major economic shifts in the country and its population of 1.3 billion. China’s consumption economy is booming. The country’s middle class is already…
Tesla Set To Win Big As China Slashes Car Import Tariffs
Amid easing of tensions in the U.S.-China trade dispute, China is slashing its import tariffs on cars and car parts from July 1 in what could be a boon to auto manufacturers without local production…
How Alibaba Helps U.S. Brands Reach a Half-Billion China Consumers
If you think of China solely as a manufacturing hub you’ve missed major economic shifts in the country and its population of 1.3 billion. China’s consumption economy is booming. The country’s middle class is already…
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