So what lies in store for the future of Sino-British trade relations? Business Insider spoke to five experts in UK-China relations, whose opinions and predictions appear mixed. Here, they answer the key questions: If the…
BUSINESS
China Investment Corp. cuts stake in Teck Resources to 10.4%, from 17.8%
China Investment Corp. has reduced its holding in Teck Resources Ltd. (TSX:TECK.B) by more than one-third, to 10.4 per cent. The Vancouver-based mining company says a CIC subsidiary has sold 42 million class B Teck…
China’s economic growth statistics may finally add up, in 2019
For local officials in China’s provinces keen to boost their chances of promotion, the days of being able to puff up the output data they send to Beijing may be coming to an end. Fifteen…
China’s fintech firms eye overseas IPOs to fund growth as regulations tighten at home
A new wave of initial public offerings (IPOs) by mainland Chinese financial technology (fintech) companies is taking shape as dozens of unprofitable technology start-ups rush to raise funds overseas amid tightened regulations at home. The…
What Travel Brands Can Learn from Alibaba’s New Luxury Marketplace
Luxury brands have previously been vastly underrepresented on China’s main e-tailers such as Alibaba’s T mall and JD.com. According to L2’s recent report Luxury China, 100 percent of consumer goods brands have an official presence…
Aramco Looks To China Ahead Of IPO
Saudi Arabia is getting ready to list 5 percent of its crown jewel—state oil firm Aramco—in what could be the biggest IPO ever. The Saudis claim that the whole company is worth US$2 trillion, while…
China hits booming cryptocurrency market with coin fundraising ban
China on Monday banned and deemed illegal the practice of raising … “The initial coin offering is a new business model leveraging blockchain technology and it will remain,” he said. “This is not the end…
Here’s why China’s crypto crackdown is ‘bigger than most people think’
Adam Efrima, the operations director of trading platform eToro in China, described the ruling as a “huge deal,” saying: “It’s bigger than most people think it is.” Efrima, who first alerted Business Insider to the…
VW recalls 1.8 million cars in China
These are external links and will open in a new window More than 1.8 million Volkswagen cars are being recalled in China because of a faulty fuel pump. China’s consumer watchdog said the recall affected…
China bans initial coin offerings calling them ‘illegal fundraising’
Issuing ICOs – a relatively new phenomenon – has become popular in China, with close to $395m (£305m … with ICOs don’t necessarily offer investors a stake or equity in their business in exchange for…
China has tools to pressure Kim but worries of consequences
BEIJING — China has the economic tools to pressure North Korea but fears pushing Kim Jong Un’s government so hard it collapses. Though China has long been the North’s main trading partner and diplomatic protector,…
China says Trump’s trade threat over N. Korea ‘unacceptable’
BEIJING — China says President Donald Trump’s threat to cut off trade with countries that deal with North Korea is unacceptable and unfair. Trump said on Twitter on Sunday the United States is considering halting…
China just banned initial coin offerings, calling them illegal fundraising
BEIJING (Reuters) – China’s central bank on Monday banned individuals and organizations from raising funds through initial coin offerings (ICO), saying the practice constituted illegal fundraising. ICOs have become a bonanza for digital currency ……
