China posted stronger-than-expected June trade figures on Thursday, bolstered by firm global demand for Chinese goods and robust appetite for construction materials at home, but local curbs on lending could weigh on imports later this…
BUSINESS
China trade with sanctions-struck N.Korea up 10.5% in first half
“As neighbours, China and North Korea maintain normal business and trade exchanges,” he said, adding that goods for ordinary people and those used for humanitarian reasons are not subject to sanctions. Overall trade growth with…
Cochlear ‘committed’ to Australia despite China plant
“Cochlear has been building its presence in China for more than 20 years and this investment recognises the importance of our business in China and will support the future growth of our emerging markets business,”…
IPO Watch: Razer Plans IPO At Up To $5 Bln Valuation
BEIJING (dpa-AFX) – Razer Inc. plans a Hong Kong initial public offering that could value the gaming gear maker at as much as $5 billion, reports said citing people familiar with the matter. The IPO,…
Why is China buying the world’s seeds?
It was China’s biggest foreign takeover of all time. On Tuesday, Dow Chemical (DOW) announced that an agriculture fund backed by the Chinese government would pay $1.1 billion for its Brazilian corn seed and research…
KFC China releasing Colonel-themed smartphone
It’s starting to seem like the KFC restaurants in China aren’t really interested in serving chicken. “Both brands have witnessed the rise of China in these 30 years, and both embody the spirit of the…
Apple Opens Data Center in China to Comply With Cybersecurity Law
For example, a government plan called Made in China 2025 names several industries, like robotics and electric cars, in which it hopes its companies will become leaders. Foreign business groups have said the laws unfairly…
China’s New VPN Clampdown Hurts Business, U.S. Group Says
China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain…
18 drinks China can’t live without
“There are some different brands of rice wine in the supermarket, but rice wine isn’t common in restaurants.” Try it at: During the Dongzhi festival (also known as the “arrival of winter”) and at street…
The Fairfield by Marriott Brand Premieres In China With Fairfield by Marriott …
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…
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…
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: 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…
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