HONG KONG – Fast-food giant McDonald’s is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the…
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Boost for Hong Kong-Shenzhen connections as new railway line starts operating
Top Chinese diplomat meets visiting Iranian FM in Beijing, emphasizes enhanced coordination and cooperation
China’s top economic planner sets up department to boost low-altitude economy
Southern China to allow cross-city robotaxis as part of Greater Bay Area development
China is building new detention centers all over the country as Xi Jinping widens corruption purge
China to cut import tariffs on some recycled copper and aluminium raw materials
China unveils new futuristic fighter jets in surprise flyby
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McDonald's sells China business in deal worth up to $2.1B
McDonald's gives up control of its China business in $2 billion deal
McDonald’s is selling off most of its China business in a deal worth as much as $2.1 billion. Citic, a massive Chinese financial firm, is taking the majority stake in McDonald’s (MCD) operations in mainland…
McDonald's sells China business in $2.1B deal
HONG KONG – Fast food giant McDonald’s says it is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to…
China Mobile Hong Kong 4G Data Roaming Coverage Ranks No.1 in Hong Kong
HONG KONG, Jan. 9, 2017 /PRNewswire/ — China Mobile Hong Kong (“CMHK” or “the Company”) today announced that the Company has ranked first* in the number of 4G data roaming coverage destinations among all the…
China's poorest reliant on coal to stay warm, adding to smog
Last week, the official Xinhua News Agency quoted a Beijing official saying coal-burning furnaces for heating have now been completely removed from the city’s urban districts. But in rural Qian’an, 220 kilometres (140 miles) from…
Cruz meets with Taiwanese president, blasts China
Texas Sen. Ted Cruz scolded China for trying to quash his meeting with the Taiwanese president on Sunday, the second time in just over a month a prominent Republican has publicly poked the People’s Republic…
Fancy a ten-hour stroll along China's latest tourist attraction? Aerial footage reveals new floating pathway which is TWICE the length of Manhattan
According to China Xinhua News, the vast structure is built to rise and fall in accordance with fluctuating water levels. A bustling entertainment centre, the walkway is supported by more more than 200,000 floating objects…
China likely to allow companies to issue shares in Frankfurt this year – bourse
Deutsche Borse AG and China Financial Futures Exchange in 2015. The plan needs approval from Chinese and German regulators, but listing and trading of D shares would likely comply with existing German rules, the SSE…
China’s Financial Reserves Approach A Dangerously low Level
The latest PBOC report hints at China’s reserved tumbling by another US$41.1bn in December 2016. This would effectively reduce the country’s reserves to just above US$3tn, a very dangerous level. Financial experts all over the…
Why Canada should open its arms to Chinese investment
Defying gloomy predictions, China’s Ministry of Commerce reported in November that China’s non-financial foreign direct investment rose by more than 50 per cent to the end of August, 2016. Although subsequent announcements followed that China…
China's IPO market heats up in 2016
BEIJING – China’s IPO market did better in 2016 as the regulator accelerated approvals in the latter half of the year. According to the official Securities Times, 12 companies are expected to go public on…
China to ‘take revenge’ if Trump recognizes Taiwan’s independence: state tabloid
Beijing had asked Washington not to allow Tsai to enter the United States and that she not have any formal government meetings under the one China policy. READ MORE: Donald Trump says U.S. not necessarily…
China: Anti-pollution cops to take on Beijing's smog
China has “held accountable” 2,682 officials for failing to enforce pollution efforts, Xinhua reported. About $35 million worth of fines had been levied, the news agency said. CNN’s Julia Jones, Jennifer Deaton and Josh Berlinger…
