Out of every 100 people you pass on the average street in China, 12 of them will be obese. Yet if you find yourself in Beijing, that number is 26. On top of that, they’ll…
BUSINESS
11 jailed for faking popular baby formula brands
SHANGHAI — Eleven people received jail terms in Shanghai Friday, after being convicted of producing and selling counterfeit baby formula imitating popular foreign and domestic brands … making company based in east China’s Shandong Province…
CIA brands China as long-term security challenge to US
Prime News, International, New York, July 27 : CIA Director Mike Pompeo has branded China as one of the biggest threat to America’s super power status in the world, than Russia or Iran. Terming terrorism…
Apple is removing VPN services from China App Store: providers
BEIJING (Reuters) – Apple Inc (AAPL.O) is removing virtual private network (VPN) services from its app store in China, VPN service providers said on Saturday, accusing the U.S. tech giant of bowing to pressure from…
Sri Lanka, China sign long-delayed $1.5 billion port deal
COLOMBO, Sri Lanka — Sri Lanka’s government on Saturday signed a long-delayed agreement to sell a 70 per cent stake in a $1.5 billion port to China in a bid to recover from the heavy…
China may not have stopped North Korea’s nuclear program deliberately
The United States and China met to discuss trade issues. The meeting ended without agreement on anything. The obligatory joint press conference after the talks, where everyone pretends that everything was fine, was canceled. The…
Starbucks takes full control of China stores in $1.3 billion deal
“Unifying the Starbucks business under a full company-operated structure in China reinforces our commitment to the market,” Johnson said in the statement. Chairman Howard Schultz, who stepped aside as Starbucks chief executive earlier this year,…
China traces deficit in US trade areas
For instance, China has lifted the ban on import of US beef last month. “The US side needs to understand that trade in services is also part of the business. For China, the US is…
China accuses Canadian-Chinese tycoon of major role in pyramid scheme
I cannot sleep these two days; I am a little bit depressed,” he said. Mr. Gong defended his business in China, saying he uses the Internet to sell health products there and engages in multilevel…
Starbucks bets big on China
Starbucks just brewed a major deal in China. The coffee chain plans to buy the remaining 50% share of its East China joint venture business in a $1.3 billion deal that could help significantly boost…
Quick Take: China Orient On Course to Secure Pre-IPO Strategic Investors
China Orient Asset Management Co. said it is on track to sell a 15% stake by the end of this year to strategic investors in a pre-initial public offering (IPO) funding round. China Orient is…
Exclusive: Saudi Aramco advisers favor London for historic IPO – sources
Reuters reported in April that China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, to act as a “cornerstone” IPO investor. As well as New York and London,…
Saudi Aramco advisers favour London for historic IPO – sources
Reuters reported in April that China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, to act as a “cornerstone” IPO investor. As well as New York and London,…
