The local government of Jinan, a city in eastern China, told the Financial Times on Monday that its departments would begin using the network by the end of August. “We plan to use the network for national defence, finance and other fields, and hope to ... ( read original story ...)
The Fairfield by Marriott Brand Premieres In China With Fairfield by Marriott …
Marriott International and Dossen International Group signed an exclusive development agreement to bring the Fairfield by Marriott brand to mainland China in September 2016. The partnership targets aggressive growth in different cities across China in the ... ( read original story ...)
China’s $800 Billion Sovereign Wealth Fund Seeks More U.S. Access
BEIJING — China’s sovereign wealth fund is looking at big bets in America. But the $800 billion investment behemoth said on Tuesday it faced an obstacle: the United States government. The fund, the China Investment Corporation, urged American ... ( read original story ...)
Apple sets up China data center to meet new cyber-security rules
BEIJING (Reuters) - Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month. The U.S. technology company said it ... ( read original story ...)
China Is Using Facial Recognition to Nab Jaywalkers; Investors Get Interested
SHANGHAI—A Chinese startup that sells facial recognition systems to police forces secured venture-capital funding that values it at more than $1.5 billion, underscoring the sector’s emergence as one of technology’s hottest areas of interest. ( read original story ...)
There’s a strange accounting trick behind one of China’s largest property deals ever
Major Chinese conglomerate Dalian Wanda is selling a bunch of its theme parks and hotels for $9.3 billion to Sunac, a Chinese property developer. That is projected to be the one of the largest Chinese real estate deals ever, and it features an interesting ... ( read original story ...)
Beijing hits back at United States on North Korea, says ‘the China responsibility theory’ has to stop
Beijing has hit back in unusually strong terms at repeated calls from the United States to put more pressure on North Korea, urging a halt to what it called the "China responsibility theory" while adding that all parties needed to pull their weight. ( read original story ...)
Sunac China’s shares soar as $9.3 billion Wanda property deal seen as positive
HONG KONG Sunac China Holdings's (1918.HK) planned $9.3 billion deal to buy Dalian Wanda's tourism projects and hotels is a bargain even though it could become China's most indebted developer, analysts said, a view that sent Sunac shares up nearly 14 ... ( read original story ...)
U.S. firms in China decry local favoritism as market improves
"These increases reflect a return to previous trends after a particularly poor 2015, not a meaningful improvement in business conditions," AmCham said. "China remains a difficult market and more efforts are necessary to create a truly level playing field ... ( read original story ...)
China sends forces to 1st military base abroad, in Djibouti
China on Tuesday dispatched members of its People's Liberation Army to the Horn of Africa nation of Djibouti to man the rising Asian giant's first overseas military base, a key part of a wide-ranging expansion of the role of China's armed forces. The ... ( read original story ...)