Global carmakers converge on China for the Shanghai auto show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world’s biggest car market. Manufacturers…
BUSINESS
Chinese regulator approves 10 IPO applications
BEIJING, April 15 (Xinhua) — China’s stock market regulator has approved the initial public offering (IPO) applications of 10 companies. The companies will be allowed to raise up to 5.1 billion yuan (about 741.9 million…
Trump admin. declines to brand China a currency manipulator
WASHINGTON — The United States has declined to label China a currency manipulator despite U.S. President Donald Trump’s insistent pledge during the election campaign that he would do so as soon as he took office.…
China to allow multi-brand car dealerships to boost retailers' competitiveness
BEIJING China will allow car dealers to sell brands from multiple manufacturers under new rules that go into effect on July 1, commerce ministry officials said on Friday, aiming to boost vehicle retailers’ competitiveness as…
U.S. business wary of skin-deep results from Trump-Xi trade talks
Business executives are also worried that President Donald Trump’s focus on curtailing North Korea’s nuclear and missile programs could undercut U.S. commercial interests in China. Days after Trump’s meeting with President Xi Jinping, Trump tweeted…
Xiongan firms could skip IPO queue under proposed ‘extraordinary financial measures’
China’s IPO market is notorious for the exceptionally long review … the headquarters of several important financial institutions to Xiongan, including the Beijing-based National Equities Exchange and Quotations, China’s over-the-counter market … ( read original…
China’s economic picture brightens as trade data tops forecasts, Trump softens tone
China’s 2017 export outlook brightened considerably on Thursday as it reported forecast-beating trade growth in March and U.S. President Donald Trump softened his anti-China rhetoric in an abrupt policy shift. Washington’s improving ties with Beijing…
Chinese company Best Logistics Technology plans US IPO
It’s second to another China-based logistics provider, Cianiao, which has approximately $1.5 billion in total funding. Going public in the US will shorten the IPO process, allowing Best Logistics Technologies to access capital more quickly.…
Trump says China won't be labelled a currency manipulator
Backing away from a campaign pledge, President Donald Trump says his administration will not label China a currency manipulator in a report due this week, though he does feel the U.S. dollar “is getting too…
China slams Shanghai for environmental violations
SHANGHAI China’s business hub of Shanghai has slacked off in efforts to improve the environment, levying fines too small to deter polluters, hundreds of whom have flouted closure orders, authorities said on Wednesday. Standards had…
Trump backs away from labeling China as currency manipulator
President Donald Trump said on Wednesday that his administration will not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was “getting too strong” and would…
Business Booms in China for BBJ
Greater China has become a central market for Boeing Business Jets (Chalet 2) for both new and pre-owned aircraft, according to Greg Laxton, the new head of the company. Over the past five years, the…
Shanghai may build new airport for business flights
There were 900 turbine helicopters and 450 business jets in China as of 2016, with compound annualized growth rates of around 6 percent and 9 percent, respectively, over the past decade, said Charles Park, director…
