China has renewed an ambitious commitment to displacing coal with natural gas-fired energy, plotting a course to revive a “golden age” for a petroleum product – even as Canada’s ability to profit from Chinese demand remains unclear. A joint ... ( read original story ...)
China’s June factory price inflation subdued
China’s producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook for prices. The producer price index ... ( read original story ...)
China’s COSCO to buy Orient Overseas for $6.3 billion
BEIJING - China's biggest shipping company, state-owned COSCO Shipping Holdings Co., is creating the world's No. 3 container shipping giant by acquiring rival Orient Overseas (International) Ltd. Shares in both companies surged Monday following the ... ( read original story ...)
China’s ambition, US retreat on show in Serbian factory town
has often expressed his admiration for the economic achievements of countries like China. He wants to make Hungary the main hub for Chinese business and investments in Central and Eastern Europe. "The old model for globalization has become obsolete," Orban ... ( read original story ...)
China’s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal
The sale - the second-biggest real estate deal ever in China according to Reuters data - is however ... While Wanda did not give a reason for the sale, local business magazine Caixin quoted Wang saying the deal would greatly reduce Wanda Commercial's ... ( read original story ...)
Business PC market to grow on digital transformation
"The driver for China's business PC market will shift from 'equipment replacement' to 'satisfying demand from digital transformation," Wang Jiping, associate vice-president of IDC China, said at an event in Beijing on Friday, when IDC jointly launched a ... ( read original story ...)
China Is Said to Close Major Hole in its Great Internet Firewall
“This seems to impact individuals” most immediately, said Jake Parker, Beijing-based vice president of the US-China Business Council. “VPNs are incredibly important for companies trying to access global services outside of China,” he said. ( read original story ...)
China’s Wanda Signals Retreat in Debt-Fueled Acquisition Binge
“Wanda is selling the noncore part of its cultural tourism business,” said Deng Zhihao, a real estate economist with Fineland Assets Management Company based in Guangzhou, China. “Ultimately, what they are selling are properties that the market doesn ... ( read original story ...)
Brands unite to take new energy market
The China Association of Automobile Manufacturers estimated that new energy car sales could hit 800,000 units in 2017. Rivaling Daimler AG in China, BMW AG announced in March that its local line-up will come with electrified options starting in 2019. ( read original story ...)
China says U.S. has apologized for Taiwan name gaffe
Foreign ministry spokesman Geng Shuang said China asked the United States for an explanation of the mistake, and the U.S. said it was a technical error. Washington apologized and corrected the error, Geng said at a daily news briefing. In a statement ... ( read original story ...)