The municipal government plans to spend up to 18.2 billion yuan ($2.6 billion) this year on stronger pollution-control measures, the Beijing Finance Bureau said. In 2014, the special allocation for air pollution was 12.9 billion…
Featured Posts Title
Oil prices jump; optimism over China’s consumption stimulus boosts Asia shares
China’s new home prices fall in February
China unveils plan to boost domestic consumption
Beijing cracks down on stock market misinformation
Chinese cities strengthen policy efforts to help stabilize real estate market
Pentagon is closely monitoring Russia and China test military capabilities in space
How the U.S. is losing ground to China in nuclear fusion, as AI power needs surge
Recent Posts
Beijing to expand funding for reducing air pollution
Saudi Arabia Wants China To Invest In Aramco IPO, A Good But Dangerous Idea
Saudi Arabia wants Chinese wealth funds and state oil companies to take a stake in the Aramco IPO, with King Salman traveling to Beijing to make the pitch. That’s according to a recent Bloomberg report,…
China-Tech IPOs Eyed as Potential Money-Earner for Global Banks
Global banks are hoping to take in huge sums of money from China tech startups that are expected to make their initial public offering (IPO) in the next few years, according to an article in…
North Korea, South China Sea on Tillerson agenda in Beijing
BEIJING (AP) — U.S. Secretary of State Rex Tillerson arrived in Beijing on Saturday for his first face-to-face talks with Chinese leaders expected to focus on North Korea’s nuclear program, trade and South China Sea…
China Is Lashing Out at South Korean Brands; Here's What Marketers Should Know
In a video circulating in China this week, a man attacks an LG washing machine with a sledgehammer until it crumbles and topples over. Next, he moves on to an LG TV set, smashing that…
China Unicom Soars After Slashing Capex: Dividends?
China Unicom (762.Hong Kong/CHU) soared 4.4% after reporting its full-year results. In 2016, net profit at China Unicom tumbled 94% from a year ago, in line with the company’s profit warning announced on January 26.…
China Unicom profit plunges 94% in 2016
China Unicom posted service revenue of CNY 240.98 billion in 2016, up 2.4 percent year-on-year. EBITDA amounted to CNY 79.50 billion, down 9.1 percent year-on-year and accounting for 33 percent of service revenue. Profit reached…
China Unicom's profits plunge as it battles competition
Increasing competition has hit the country’s major telecommunications company China Unicom which has reported a 94 percent plunge in net profits to 625 million yuan ($90.7 million). The carrier’s annual report, released on Wednesday, shows…
Unicom posts lower profit, sales
HONG KONG－State-owned China Unicom Hong Kong Ltd reported a drop in revenue and profit for 2016 due to a huge investment in 4G and broadband network infrastructure, amid fierce competition among domestic telecom heavyweights. The…
China Unicom (Hong Kong) Limited (CHU) Rating Increased to Buy at Deutsche Bank AG
China Unicom (Hong Kong) Limited (NYSE:CHU) was upgraded by equities researchers at Deutsche Bank AG from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. Separately, Nomura downgraded shares…
China plans to build its 1st structure on disputed land in South China Sea near US military assets
Boats at Scarborough Shoal in the South China Sea are shown in this handout photo provided by Planet Labs, captured on March 12, 2016. Thomson Reuters BEIJING (AP) — China plans to build the first…
Beijing Government Raises Downpayment Requirement for Second Homes in the City
BEIJING — The Beijing municipal government said on Friday it has raised the downpayment requirement for second home purchases in the city to at least 60 percent. The new rule goes into effect from March…
What will die first, cash or password?
The growth in mobile payments will spur the development of China’s digital verification industry. According to the latest report released by domestic consulting company iResearch, the market scale of China’s third-party mobile payment more than…
