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…
BUSINESS
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),…
Asia trips worth more than $52K cost of doing business, says N.S. fisheries minister
Contact him with story ideas at michael.gorman@cbc.ca To get a sense of just how important China has become as a market for Nova Scotia business, take a look at expense reports for bureaucrats and ministers.…
China export numbers for 2016 poorest in 7 years
China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the…
Beijing Fun Age Entertainment plans IPO
The cast of Beijing Fun Age Entertainment Co Ltd’s second comedy movie meets with the audience at Tongji University in Shanghai after the showing of the movie. [Photo provided to China Daily] Beijing Fun Age…
China’s young professionals are developing a serious craze for downhill skiing
The vacation spot is where China’s prominent business figures gather for the China Entrepreneurs Conference every November. Until recently, the sport has been dominated by the newly affluent. William Zhong, who works for a venture…
China’s reputation for low-cost manufacturing under attack
Looking back, Mr Cao has said that it was actually a good time to do business: the government was too busy waging ideological campaigns to enforce its regulations. Mr Cao went on to become a…
China outperforms in dismal 2016 IPO market
HONG KONG As the global market for initial public offerings withered last year amid political turmoil on both sides of the Atlantic, Asia fared relatively well thanks to a flood of new share listings from…
Many Brands Bought Into China's Mobile Payments Craze, But There Are Holdouts
Many major retailers and brands in China embraced mobile payments while Ikea held out. In December, signs went up at cash registers in a Shanghai Ikea to inform customers that they could now pay with…
