SHANGHAI — Walt Disney Co. stressed its deep China connections as it opened an extension of Shanghai’s $5.5 billion Disney Resort on Thursday amid escalating tensions over trade and technology between Beijing and Washington. Disney…
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China considering cutting duty on imported cars by about half: Bloomberg
BEIJING/SHANGHAI (Reuters) – China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing…
Beijing Auto Show: Tesla, a $111,000 electric sports car and VW’s tech push
The Beijing International Automotive Exhibition is a barometer of the state of the world’s biggest passenger-vehicle market. New cars are launched, startups vie for attention against their multinational rivals. This year’s show is significant for…
China says it welcomes visit by U.S. officials amid trade spat
BEIJING — China’s foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing next week amid trade tensions between the world’s two largest economies. Foreign ministry spokesman…
Top US admiral says China now capable of controlling South China Sea
“China’s impressive military buildup could soon challenge the … posed the idea of moving the top U.S. military commander in the Pacific to South Korea, news.com.au reported. Australia’s Foreign Minister Julie Bishop confirmed the news…
China invites overseas investors to propel local chip ambitions
BEIJING (Reuters) – China is looking for billions of dollars in funds to propel its domestic ambitions in chips to cut a heavy reliance on imports, and has invited overseas investors to help it get…
Greenland ruling party has most votes in election tracked by Canadian mining firms, China
Greenland, a part of the Kingdom of Denmark but with self-rule since 2009, relies on fishing and annual grants from Denmark. China unveils plans for a ‘Polar Silk Road’ across the Arctic Analysis What does…
‘Small-town kids’ shape future of China’s consumption
with half of them likely to be located outside China’s top 100 cities, according to a report by The Boston Consulting Group and AliResearch, a unit of the e-commerce giant Alibaba (NYSE:BABA – News). That…
China stocks end lower; property, energy shares weigh
SHANGHAI, April 25 (Reuters) – China stocks closed down on Wednesday as gains in healthcare firms were offset by losses in real estate and energy shares. ** Sentiment was also curbed by losses on the…
China’s Xiaomi promises to cap hardware income margin ahead of IPO
BEIJING (Reuters) – Chinese smartphone and smart device maker … as it looks to position itself as an internet services provider ahead of a highly-anticipated IPO. Xiaomi – which makes dozens of internet-connected products including…
Global banks fear China will limit JV control through new rules
HONG KONG/SHANGHAI (Reuters) – Western banks are seeking clarification from China’s securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to…
China warns of more action after military drills near Taiwan
China has been issuing increasingly strident calls for Taiwan to toe the line, even as Tsai has pledged to maintain the status quo and keep the peace. Speaking at a regular news briefing, Ma Xiaoguang,…
‘China 2025 plan endangers US intellectual property’
US Commerce Secretary Wilbur Ross has described as “frightening” China’s plan to transform itself into the global technology nexus in 2025, arguing that the initiative could put American intellectual property at risk. “It’s a huge,…
