Bolstered by a burgeoning middle class with a growing appetite for high-end merchandise, China is quickly shedding its reputation as solely an export hub. While local e-commerce giants such as Alibaba, JD.com and VIP.com have…
BUSINESS
Sinochem “taps banks” for possible oil asset IPO
An initial public offering (IPO) of the assets could take place in the second half … The firm’s upstream business has struggled in recent years. As such, the Beijing-based firm has begun to move away…
‘Golden Arches’: McDonald’s gets new China name following unit sale
SHANGHAI (Reuters) – U.S. fast food giant McDonald’s Corp (MCD.N) is getting a name change in China – at least on paper. The firm will change its registered business name to “Golden Arches (China) Co…
Xi has prepared China for a future that is both clear and dark
China’s President Xi Jinping has more power than any leader in decades, and no plans to cede it. It is a power he will have to use to face one of the biggest financial challenges…
China’s Entrepreneurs Squirm Under Xi Jinping’s Tightening Grip
BEIJING — Guo Junwen was a successful property developer in southwestern China when the authorities threw him behind bars three years ago on charges involving land use and seized his business. Now free, Mr. Guo…
China enshrines ‘Xi Jinping Thought’, key Xi ally to step down
“This is about further erasing any distinction between Xi Jinping and the party,” said Jude Blanchette, who studies the party at The Conference Board’s China Center for Economics and Business in Beijing, referring to Xi’s…
China’s Entrepreneurs Squirm Under Xi’s Tightening Grip
BEIJING — Guo Junwen was a successful property developer in southwestern China when the authorities threw him behind bars three years ago on charges involving land use and seized his business. Now free, Mr. Guo…
Better Buy: Yum Brands or Yum China?
Last November, Yum China (NYSE: YUMC) started trading on the New York Stock Exchange after being spun off of Yum Brands (NYSE: YUM). Yum China shares surged nearly 70% since that split, but Yum shares…
China’s New Antipollution Push Could Cool Its Growth Engine
BEIJING — Through the last four decades, China has achieved breathtaking economic growth at the cost of smoggy skies, fetid streams and lakes of dying fish. Now China is undertaking one of its most extensive…
China’s US$150 billion tax cut: Beijing claims headway in cutting business burden
China will cut the burden on business by at least 1 trillion yuan (US$150 billion) this year through its new value-added tax regime and fee cuts, Chinese Finance Minister Xiao Jie forecast on Monday. In…
China lifts ban on stinky cheese
China has reversed an import ban on several types of soft and mould-ripened cheese, including Roquefort, Danish Blue, Gorgonzola and Stilton. The authorities imposed the ban in September because the strains of bacteria used to…
China defends its trade with North Korea as permitted by UN
BEIJING — China on Monday defended its growing trade with North Korea as permitted by U.N. Security Council sanctions that say they should avoid hurting “humanitarian needs.” China, the North’s main trading partner, “strictly implements”…
Staying Legal in China: an Interview with Dan Harris
There are few, if any, aspects of doing business as a foreigner in China that are easy, but understanding local law can be the most difficult. Beyond the challenge of legal compliance, one must also…
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