China on Monday said it has sold two naval ships to Pakistan to protect the strategic Gwadar port and trade routes under the USD 46 billion China-Pakistan Economic Corridor, saying the sale of vessels was…
BUSINESS
China's Xi says Chinese economy to keep growing steadily
“We are confident that we will keep our economy stable and growing steadily,” Xi said, adding that the global economy was still weak. “Protectionism, populism and de-globalization are on the rise. It’s not good for…
China IPO normalization good for real economy: experts
BEIJING, Jan. 16 (Xinhua) — The normalization of initial public offerings (IPOs) in China could help raise the financing efficiency of companies and direct more capital into the real economy, experts have said. Since an…
China's currency manipulation could become a global problem in 2017
People’s Bank of China in Beijing, China AP Images This is going to be a pivotal year for China. We will see if it can levitate another year or whether it falls back to Earth…
Trudeau’s embrace of China exposes his naïveté
The government seems smitten with the dynamic, entrepreneurial and innovative China that dominates the business pages, while remaining largely silent about the China that tramples human rights at home and intimidates rivals abroad. This is…
China's foreign minister: Taiwan is 'non-negotiable', Trump can't use it against China
China’s Foreign Minister Wang Yi attends a joint news conference in Beijing Thomson Reuters China’s foreign ministry on Sunday again rejected President-elect Donald Trump’s suggestion that he might use American policy on Taiwan as a…
China tops US in cinemas, but many sit empty
ZHUOLU, China — The brightly decorated 3-D cinema in this town outside Beijing is showing the latest Chinese and Hollywood films, to row after row of empty red seats. So few people come to watch…
WEF expects China to be ‘responsible, responsive’ global leader
Xi will deliver a speech at the opening ceremony, and hold discussions with Schwab and guests from business, media and academic circles. Calling China “a strong geoeconomical and geopolitical power,” he said that “in the…
A sharp fall in the yuan, and a trade war with the US: China’s nightmare economic double whammy, according to Deloitte
A sharp fall in the value of the yuan to 7.5 per US dollar and a potential trade war between the US and China have been highlighted as the major challenges faced by Asia and…
China-built electric railway opens up landlocked Ethiopia
A US$3.4bil electrified railway line built by China was officially launched on Tuesday to link the Horn of Africa to its inland countries. The line connects the strategic Red Sea port of Djibouti and Addis…
China gets record $31bn venture investment in 2016 despite global woes
Megadeals in China helped bring a record $31bn in venture-capital investment to the country in 2016 despite a sluggish global economy and a sharp drop in the number of deals, a report showed on Friday.…
How more electric cars are sold in China than the rest of the world combined
Denza is a Chinese brand produced by a joint venture between BYD and Daimler. China’s cocktail of pro-electric policies is a challenge for global auto makers, as foreign manufacturers can access subsidies only via joint…
China approves 10 new IPO applications
BEIJING, Jan. 14 (Xinhua) — The China Securities Regulatory Commission (CSRC) has approved IPO applications for ten companies. The firms will be allowed to raise a maximum of 4.1 billion yuan (595 million U.S. dollars),…
ADVERTISEMENT
