China Needs To Fix Its Shady Bond Market

Last month gave us another story of a bubble and a bust in China’s financial markets. The trouble began in mid-December: After the U.S. Federal Reserve raised interest rates, China’s bond market saw a record selloff: For the first time, both five-year ... ( read original story ...)

Beijing's financial revenues hit US$72 bln

Beijing's financial revenues totaled 508.13 billion yuan (US$72 billion) in 2016, a 7.5 percent increase year on year, according to the Beijing Municipal Bureau of Finance. It is the first time that the city's financial revenues have surpassed the 500 ... ( read original story ...)

McDonald's agrees China franchise sale

Under the agreement signed Monday, the US fast food giant will keep a 20% stake in its China business. Citic will hold a 52% share in the partnership while Caryle takes 28% of the new business. Competitor Yum Brands, the owner of KFC and Pizza Hut ... ( read original story ...)

Nokia is trying to make a smartphone comeback, starting in China

Nokia is launching a comeback -- in China. If you are a cell phone user of a certain age, you likely have a soft spot for the Nokia brand. In the late 1990s and most of the aughts, Nokia dominated the mobile phone market with its compact and affordable ... ( read original story ...)

Yum China Launches Taco Bell Brand in China

SHANGHAI, Jan. 9, 2017 /PRNewswire/ -- Yum China Holdings, Inc. ("Yum China") (NYSE: YUMC), and Taco Bell Corp., the world's largest Mexican-inspired restaurant chain, today announced that they have opened the first Taco Bell restaurant in the second ... ( read original story ...)