The revised IPO one day before its market debut suggested weak investor ... a person close to the deal told Reuters. Best was banking on China’s booming logistics market to justify its valuation, but concerns over competition, along with rising fuel ... ( read original story ...)
China launches campaign to protect foreign intellectual property rights as US probes alleged thefts
China has launched a four-month campaign to protect the intellectual property rights of foreign businesses, a move that may alleviate a major concern among foreign investors on the mainland and appease Washington ahead of US President Donald Trump’s ... ( read original story ...)
China announces trade secrets crackdown to assure investors
It says the goal is to "increase foreign investment." Investment into China fell in the first half of 2017 following two decades of regular double-digit annual increases. That reflects what business groups say is growing frustration with difficult ... ( read original story ...)
Along North Korea’s border with China, an uneasy alliance and a fear of war
I have been to North Korea eight times in the past 12 years, but on this trip, I wanted to explore the reclusive country's 880-mile border with China. The border largely follows two rivers: the Yalu in the south and the Tumen in the north. Both flow from ... ( read original story ...)
China’s new middle class swaps karaoke for cruise holidays and thrilling rides, survey shows
China’s new middle class are increasingly turning away from leisure activities such as singing karaoke to seek novel experiences such as cruise holidays and thrilling rides in theme parks, according to a survey by consultancy OC&C. “What becomes ... ( read original story ...)
North Korea’s biggest trading partner is China — and it’s not even close
China has historically been North Korea's biggest trading partner — and it's not even close. Business Insider put together two charts comparing North Korea's imports and exports by country using 2015 data from the Observatory of Economic Complexity (OEC ... ( read original story ...)
China stocks edge up on business optimism; Hong Kong steady
SHANGHAI, Sept 20 (Reuters) - China stocks edged higher on Wednesday, with sentiment propped up by signs of optimism among business leaders and expectations the government won’t tolerate sharp volatility in the country’s financial markets ahead of next ... ( read original story ...)
Here’s why the crackdown on bitcoin in China is ‘not a real problem’ for the digital currency
Josh Olszwicz, a bitcoin trader, told Business Insider the markets are ignoring news out of China because it has zero impact on the coin's actual blockchain technology. "If it doesn't affect the protocol, then it's not a real problem," he told Business ... ( read original story ...)
Beijing, Shanghai shut down bitcoin exchanges: media
Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money. A Beijing-based regulator required all exchanges ... ( read original story ...)
Weakest China Developers Menaced by $38 Billion in Bond Puts
China-listed property developers’ total cash and cash equivalents were 826 billion yuan as of June 30, compared with 866 billion yuan at the end of the first quarter, according to Bloomberg-compiled data. New-home prices, excluding government-subsidized ... ( read original story ...)