China’s ruling Communist Party announced its plan to abolish presidential term limits on Sunday, which would allow President Xi Jinping to rule indefinitely. A number of related phrases as well as pictures of Winnie the…
BUSINESS
China’s Geely surges after building $9 billion Daimler stake
The 9.7 percent holding makes Li Daimler’s biggest shareholder and puts the owner of Mercedes-Benz in a quandary as it already has a partnership with China’s BAIC Motor Corporation, with the two unveiling a plant…
China prolongs preparation period for IPO reform
BEIJING, Feb. 24 (Xinhua) — China’s top legislature decided to prolong a mandate, which allows the State Council to prepare for reforms that will change the stock listing system from approval-based to registration-based, for another…
China cuts banking red tape to rally foreign investment – Xinhua
BEIJING (Reuters) – China’s banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday, as part of the government’s ongoing effort to promote investment in…
China orders three insurers to fix overseas investment rule breaches
BEIJING (Reuters) – China’s insurance regulator said on Saturday it would force three major insurers to take steps to deal with overseas investments that had violated regulations, as Beijing intensifies its crackdown on risk in…
China seizes Anbang, charges dealmaking founder with fraud
Anbang’s rise in recent years was remarkable even by the standards of China’s booming insurance sector. And in many ways, the company’s business model was among the industry’s riskiest. Much of Anbang’s growth was tied…
China prosecuting Anbang insurance tycoon, who controls Waldorf Astoria hotel
A prominent business magazine, Caixin, said in May at least 30 billion … cool spending on foreign real estate and other assets they said did nothing to develop China’s economy. Following that, Anbang failed to…
China absolutely killing US on trade says Donald Trump
Very, very unfair,” he rued. “Even today, it’s extremely hard on companies that want to do business in China, because the barriers are incredible, whereas the barriers coming into our country are foolishly not. Foolishly.…
As business and tourism ties strengthen, Chinese media make strides in Cambodia
China’s rapid rise in the Kingdom has shaken up the traditionally … Chinese-language news outlets, like much of the Khmer-language press in Cambodia, rely on powerful local business interests to subsidise their operations. The Jian…
China securities regulator proposes to delay IPO reform
SHANGHAI, Feb 23 (Reuters) – China’s top securities regulator Liu Shiyu has proposed to delay a deadline for the government to authorise a registration-based initial public offering mechanism until Feb. 29, 2020, the official Xinhua…
China regulator to assume management of Waldorf owner Anbang
China’s insurance regulator said Friday it is assuming management … “At present, operations of the Anbang Group are stable overall and business is basically steady,” the statement said. “The legitimate rights and interests of insurance…
China’s cutthroat smartphone market is coming down to a handful of major brands
Consumers in China are waiting longer for more significant upgrades in features before replacing their smartphones, contributing to a slowdown in sales in the world’s largest mobile handset market. Major Chinese smartphone firms are expected…
Beauties revive cosmetics brands
For instance, Cle de Peau Beaute, a high-end brand of Japanese cosmetics manufacturer Shiseido Co Ltd, has been in the China market for nearly two decades. But, until recently, it remained largely obscure and was…
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