China’s second largest player China Unicom is currently in talk with the country’s State Administration of Radio, Film and Television (SARFT) to obtain 700MHz spectrum in exchange for shares. A deal looks set to be agreed following China’s new laws ... ( read original story ...)
China June trade beats expectations as global demand remains strong
Beijing (Reuters) - China reported better-than-expected trade data for June, suggesting the economy is holding up well thanks to firmer global demand, despite a cooling property market at home amid a financial crackdown that has put firms under pressure. ( read original story ...)
IPO Watch: Razer Plans IPO At Up To $5 Bln Valuation
BEIJING (dpa-AFX) - Razer Inc. plans a Hong Kong initial public offering that could value the gaming gear maker at as much as $5 billion, reports said citing people familiar with the matter. The IPO, planned towards the end of October, is said to help fund ... ( read original story ...)
China defends imports of North Korean iron ore
BEIJING — China defended Thursday its purchase of iron ore from North Korea following criticism by U.S. President Donald Trump and said it is “strictly and earnestly” complying with U.N. sanctions. China stopped importing North Korean coal but total ... ( read original story ...)
Too Little Too Late? Why Chinese Banking Reforms May Not Be Enough To Keep Money Flowing
China’s economic expansion requires a responsive and responsible banking system to keep money flowing. This means financial reform in how China does business or else face severe financial implications having global consequences. China’s economy has ... ( read original story ...)
Why is China buying the world’s seeds?
It was China's biggest foreign takeover of all time. On Tuesday, Dow Chemical (DOW) announced that an agriculture fund backed by the Chinese government would pay $1.1 billion for its Brazilian corn seed and research business. Chinese firms have spent $91 ... ( read original story ...)
Apple to open data center in China with government ties
Backups and other data stored in iCloud accounts by customers outside China will continue to be stored in data centers in the U.S. and eventually Denmark. Other major technology companies, including Amazon, Microsoft, and IBM, have already made similar ... ( read original story ...)
What’s on the Agenda at China’s Five-Yearly Finance Meeting: Q&A
The next meeting of the National Financial Work Conference takes place July 14-15 in Beijing, with President Xi Jinping expected to attend. There’ll be plenty to talk about. Reining in financial risk is a key policy goal for Xi, along with getting China ... ( read original story ...)
China’s export, import growth accelerate in June
BEIJING — Chinese trade growth accelerated for a second month in June in a positive sign for global demand and the world’s No. 2 economy. Exports rose 11.3 per cent to $196.6 billion, up from May’s 8.7 per cent rate, customs data showed Thursday ... ( read original story ...)
CHINA RISING: Beijing puts down banking roots in CEE
China has begun buying banks in CEE as part of its plans to deepen ties with the region. Three banking acquisitions are already closed and at least two more are pending approval by regulators. The Industrial and Commercial Bank of China (ICBC) kicked the ... ( read original story ...)