After weighing his options, Guangdong resident Zhihao Huang, 28, decided to go for the GAC Trumpchi instead of a Honda Accord in February. For slightly over 210,000 yuan (US$30,730), he thought GAC’s flagship sport utility…
BUSINESS
Billionaire fortunes suddenly vanish in China IPO frenzy
An investor reacts as he looks at screens showing stock market movements at a securities company in Beijing. The IPO booms and busts, fuelled by a mix of government intervention and unbridled speculation, are becoming…
China’s squeeze on capital outflow felt in Cambodia
“The number of scrapped deals is also bound to increase due to Chinese investors’ failure to get the money to pay for a deal out of China or the increasing wariness of foreign parties to…
China’s banking regulator targets firms investing heavily overseas
News of the regulator’s investigations hit shares in some of the companies, which are among China’s biggest blue-chips. Shares in Fosun fell nearly 10 per cent, while HNA stocks were down around six per cent…
China takes delivery of first shipments of American beef in 14 years
BEIJING • China let through the first shipments of beef from the United States in 14 years on Friday, after the two nations agreed to resume the trade in May, state media reported. The imports…
China’s May imports from North Korea 3rd lowest on record
China’s imports of North Korean goods in May fell by more than 30 percent from a year ago, data showed on Friday, the latest sign that China’s ban on coal purchases from the isolated country…
China tightens online video controls, scaring investors
It ordered them to stop the services. Communist leaders promote internet use for business and education but try to block access to material deemed subversive or obscene. Beijing has been especially wary of social media…
Belt and Road Initiative to benefit the whole world, Australian business leader says
The president of the Australia China Business Council’s North Territory office said he believes the Belt and Road Initiative, proposed by Chinese president Xi Jinping, could bring a lot of new business opportunities to the…
China supplier for Ivanka Trump brand worst labour abuser, says pressure group
A China factory that has produced shoes for the Ivanka Trump brand and other US companies is the worst labour rule violator among dozens of similar production plants checked by undercover investigators, an advocacy organization…
China Needs Your Small Business Products – #Gateway17
China is the next big frontier for small businesses, according to a Keynote from Jack Ma, founder and chairman of Alibaba, at Gateway ‘17 at Detroit’s Cobo Center today. When the internet was booming in…
China’s CSI 300 Index closes at 17-month high after MSCI inclusion
Mainland China’s CSI 300 Index rose to a 17-month high on Thursday, extending a rally after global index compiler MSCI decided to add yuan-traded equities to its benchmark indices for the first time. The gauge…
How China’s shaping one country’s future
Bai Hong is chief executive of Talap Munai Services, a mining consultancy based in Almaty. He started the business more than a decade ago after moving from China’s Liaoning province. Now it does business deals…
Jetstar muscles in on flights to China
Jetstar says it will be flying non-stop between Australia and China under a new charter arrangement before the end of the year, as it positions itself to take a bigger slice of the booming Chinese…
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