while China Shenhua Energy Co Ltd reported its best quarterly profit since the final quarter of 2014. If the miners have misjudged, however, it could be welcome news to the utilities, many of which are…
NEWS
Apple removes NY Times apps in China
Apple has complied with a request from Chinese authorities to remove two New York Times apps from its app store in China, the newspaper. The US technology giant removed both the English-language and Chinese-language news…
China should let yuan fall, says the latest economist to join call for central bank to change tack
China should stop its heavy intervention in the yuan exchange rate and allow a one-off devaluation of the yuan, according to the finance professor at the prestigious Tsinghua University and author of China’s Guaranteed Bubble.…
The pink yuan: how Chinese business is embracing the LGBT market
Last year Alibaba-owned shopping giant Taobao organised trips for ten gay Chinese couples to get married in Los Angeles – gay marriage is not legal in China. “This is the other style of business expansion…
Low oil prices are going to cause headaches for China and Russia
Global politics has been a big driver in energy markets for decades. Strategic expert George Friedman of Geopolitical Futures says Russia and China will both face their own particular energy-driven problems in 2017. Low Economic…
Apple has taken down New York Times apps in China after a government request
Apple has removed apps from The New York Times from its app store in China, after “what it said was a request from the Chinese authorities,” according to the Times itself. Apple took down both…
Divided opinions on China’s December data reflect 2017 uncertainty
Meanwhile the non-manufacturing PMI dropped from its two year high of 54.7 in November, but only as far as 54.5. Se Yan, Standard Chartered Bank’s senior economist for China, offered up a positive reading of…
China to remain as growth engine amid global uncertainties: Argentine analyst
BUENOS AIRES – China will remain as an engine of global economic growth in 2017 due to its stability in an uncertain international context, said Argentine sociologist Josefina de Rosa. China’s “new normal” of economic…
China needs manufacturing upgrade amid challenges from India: Chinese media
“Industrial competition between China and India comes down to the labour force, where costs and the level of skills are two major factors that influence business decisions. Although China has an edge having nurtured skilled…
Plan would see lobsters expressed to China
Shelburne-based First Catch Fisheries ’ parent company is chartering a cargo plane to fly lobsters directly to China from Halifax to break through a logistical bottleneck. Fishing Forever, the China-based parent of the Nova Scotia…
China's new rule on yuan transfers not a capital control measure – Xinhua
China is maintaining the same quota of $50,000 for each … better monitoring of money laundering and financing for terrorism rather than targeting normal business activities, Xinhua said. Beijing has announced a string of rules…
China sets off for next stop of railway development
BEIJING – China’s state-run railway operator has released its major development targets for the year ahead, promising to boost investment, expand the network and increase the number of scheduled trains. To help achieve its targets,…
Note ban hits India’s manufacturing while China records fastest growth in 4 yrs
At a time when demonetisation has hurt the manufacturing sector in India, China has reported the fastest growth in the sector, in four years. (HT Photo.) At a time when demonetisation has hurt the manufacturing…
