In 2016, Daimler’s then head of its truck business told German media that it planned to make Mercedes Benz-branded Actros heavy trucks in China by the end of the decade. No details of the plan…
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Pangu Plaza: Seized Beijing skyscraper snapped up for £605m in online auction
A Beijing skyscraper confiscated from a fugitive Chinese billionaire has been sold in an online auction for 5.18 billion yuan (£605m). The 40-story Pangu Plaza, estimated to be worth over £824m … ( read original…
Trump: ‘I am the chosen one’ to take on China over trade
reducing consumers’ purchasing power and boosting the cost of business investment. Real income for the average U.S. household was also expected to drop by 0.4 per cent, it said. Trump on Tuesday told … (…
China warns Canada to ‘stop its wrongdoing’ over Meng Wanzhou arrest, Hong Kong comments
China issued a stern warning to Canada and Foreign … prudence in words and deeds on Hong Kong-related issues.” Global News reached out to Freeland’s office for comment on the recent warnings … ( read…
China Plans to Introduce New Crypto to Rival Bitcoin, Say’s Analyst
An influential officer of the PBoC at the meeting of China finance 40 groups had declared China’s intention to introduce a sovereign crypto asset. The declaration of this proposed introduction … ( read original story…
Daimler to make Mercedes Benz-branded heavy trucks in China, sources say
In 2016, Daimler’s then head of its truck business told German media that it planned to make Mercedes Benz-branded Actros heavy trucks in China by the end of the decade. No details of the plan…
Can Wilmar’s China IPO mitigate the negative impact of African Swine Fever?
SINGAPORE (Aug 21): The African Swine Fever is spreading fast among the pig population in Asia and showing no signs of abating. Initially, famers in Asia thought they could contain the virus by … (…
Beijing appeals to US to ‘meet China halfway’ on trade
Beijing appealed to Washington on Wednesday to “meet China halfway” and end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits. ( read original story…
Fugitive Chinese billionaire’s skyscraper sold online by Beijing court — at a discount
With its exaggerated crown and bulging upper floors, the 39-floor Pangu Plaza casts an unusual shadow over Beijing. And now the dragon-inspired skyscraper has an equally odd ownership story: It sold … ( read original…
China hosts Japan, S. Korea ministers in bid to smooth row
China is also using the trilateral meeting to reiterate its … Kang attacked Japan over its export controls, according to Japanese news reports. At the news conference, however, both sides appeared … ( read original…
China’s Property Slowdown Rocks Turkish Marble Exports
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Weaker Chinese demand for marble, used to bring a touch of opulence to hotels, offices and high-end…
China home buyers wait for better deals as developers see big drop in contracted sales in July amid economic slowdown
A further decline (of sales) in the coming months will be seen,” said Yan Yuejin, research director at Shanghai-based property services company E-House China R&D Institute. China’s July home prices … ( read original story…
China’s property developer Vanke net profit surges 29.8% in H1
China Vanke Co Ltd, a leading property developer, recorded net profit growth of 29.8 percent in the first half-year, despite a slowdown in the real estate market. The company’s net profits … ( read original…
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