SHANGHAI (AP) — An American business group says China’s push to develop its own technology and other industries has “narrowed the space” for foreign companies to compete in its market. In a report released Tuesday, the American Chamber of Commerce ... ( read original story ...)
U.S. business group urges Washington to ‘use every arrow’ against China
Nonetheless, more vociferous complaints by American businesses mark a shift from years past, when many companies eschewed the idea of forceful action by Washington for fear of retribution by China. Foreign technology companies fear what they see as Beijing ... ( read original story ...)
China mobile network market to shrink 34% in 2016-2021
China's RAN and packet core infrastructure market is expected to show a CAGR of -34% in 2016-2021, predicted IHS Markit this week, as the country's mobile operators complete their huge LTE deployments… China's RAN and packet core infrastructure market is ... ( read original story ...)
Why China is beating the U.S. at innovation
The U.S. military developed drone technology throughout the 20th Century for reconnaissance and other purposes, adding microchips for better wireless control and longer-lasting batteries. But China’s Da-Jiang Innovations has refined the unmanned ... ( read original story ...)
China Rapid Finance will be the Fifth Online Lender to IPO in the US
In late March, 2017 we learned that Chinese online lender China Rapid Finance filed to go public, hoping to raise up to $100 million. They will list on the New York Stock Exchange under the ticker symbol XRF and will be the second Chinese online lender to ... ( read original story ...)
Steel, stimulus drive China’s strongest economic growth since 2015
China’s economy grew faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Growth of 6.9 per cent was the fastest in six ... ( read original story ...)
China's Ant hikes MoneyGram bid by over a third, beats rival U.S. offer
BEIJING China's Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm's board, although it still faces regulatory hurdles. Ant's [ANTFIN.UL] plans ... ( read original story ...)
China first-quarter GDP grows faster than expected 6.9 percent, steel output hits record
The strong reading should help underpin wobbly global financial markets but adds to worries that China's government is still relying too heavily on stimulus and "old economy" growth drivers and is not doing enough to tackle risks from an explosive build-up ... ( read original story ...)
China's GDP expanded at 6.9% pace in Q1, better than expected
China's economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March. The 6.9 per cent annual pace of expansion for the world's second-largest economy, reported Monday, surpassed economists' forecasts and ... ( read original story ...)
China's Ant hikes MoneyGram bid by more a third, beats rival U.S. offer
BEIJING China's Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm's board, although it still faces regulatory hurdles. Ant's [ANTFIN.UL] plans ... ( read original story ...)