President Donald Trump said on Wednesday that his administration will not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was “getting too strong” and would…
BUSINESS
Business Booms in China for BBJ
Greater China has become a central market for Boeing Business Jets (Chalet 2) for both new and pre-owned aircraft, according to Greg Laxton, the new head of the company. Over the past five years, the…
Shanghai may build new airport for business flights
There were 900 turbine helicopters and 450 business jets in China as of 2016, with compound annualized growth rates of around 6 percent and 9 percent, respectively, over the past decade, said Charles Park, director…
Is Yum China a Better Bet for Investors Than Yum! Brands?
On Nov 1, 2016, Yum! Brands, Inc.YUM announced that it has spun off its all-important China division into an independent, publicly traded company Yum China Holdings, Inc. YUMC. Post separation, Yum China holds exclusive rights…
How Western contemporary fashion brands are cashing in on Hong Kong’s luxury downturn
But in the past few years, visitor numbers from China have dropped, while slower economic growth has dented the confidence of local shoppers – a double whammy for big luxury retailers. Lesser-known retailers and contemporary…
Starbucks in China to extend health coverage to employees’ parents
When Starbucks approached the country’s insurers on the plan, they were often met with surprise, said Belinda Wong, chief executive officer for Starbucks’ China business. There wasn’t such a program in place and one had…
China sees strong IPOs in first quarter of 2017
BEIJING, April 11 (Xinhua) — The performance of China’s A-share IPO market was strong in the first quarter of 2017, according to a report by international accounting firm KPMG Tuesday. A total of 134 IPOs…
United Airlines passenger expulsion prompts allegations of racism in China
United does considerable business with Chinese passengers and a consumer boycott could cause serious pain. United says it operates more non-stop U.S.-China flights to more cities in China than any other airline. Rowdiness has long…
Korean brands' strength falls
South Korean marques are losing ground in China as local brands in the world’s largest auto market are offering improved quality and a wider choice of SUV models. In March, Hyundai Motor sold 56,026 cars…
Aramco board to meet in Shanghai as it seeks Chinese investors for IPO
The board, which gathers twice a year, often meets abroad but only once before had a meeting in China, in 2010. Aramco has appointed international banks with access to Chinese investors to advise on the…
China is doing more business with India, but it's still far from smooth sailing
By Reshma Patil China has emerged as one of the fastest-growing sources of Foreign Direct Investment (FDI) into India — it was 17th largest in 2016, up from the 28th rank in 2014 and 35th…
Beijing approves first bike-sharing IPO
Public investors will soon get a taste of one of China’s hottest businesses after bike-sharing company Youon won regulatory approval for an initial public offering on the Shanghai Stock Exchange. Officially known as Changzhou Youon…
The New Sun Kings: How China Came to Dominate Solar Power
Then China shook the global solar business — and transformed both their lives. “A small vibration back in China,” said Frank Haugwitz, a longtime solar industry consultant in Beijing, “can cause an avalanche in prices…
