It’s second to another China-based logistics provider, Cianiao, which has approximately $1.5 billion in total funding. Going public in the US will shorten the IPO process, allowing Best Logistics Technologies to access capital more quickly.…
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Trump says China won't be labelled a currency manipulator
Backing away from a campaign pledge, President Donald Trump says his administration will not label China a currency manipulator in a report due this week, though he does feel the U.S. dollar “is getting too…
China slams Shanghai for environmental violations
SHANGHAI China’s business hub of Shanghai has slacked off in efforts to improve the environment, levying fines too small to deter polluters, hundreds of whom have flouted closure orders, authorities said on Wednesday. Standards had…
Trump backs away from labeling China as currency manipulator
President Donald Trump said on Wednesday that his administration will not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was “getting too strong” and would…
Business Booms in China for BBJ
Greater China has become a central market for Boeing Business Jets (Chalet 2) for both new and pre-owned aircraft, according to Greg Laxton, the new head of the company. Over the past five years, the…
Shanghai may build new airport for business flights
There were 900 turbine helicopters and 450 business jets in China as of 2016, with compound annualized growth rates of around 6 percent and 9 percent, respectively, over the past decade, said Charles Park, director…
China's Xi tells Trump he wants peaceful solution to North Korea
“China insists on realizing the denuclearization of the peninsula … test site ahead of the April 15 anniversary of the communist country’s founding. Fox News’ Cody Derespina and The Associated Press contributed to this report.…
Is Yum China a Better Bet for Investors Than Yum! Brands?
On Nov 1, 2016, Yum! Brands, Inc.YUM announced that it has spun off its all-important China division into an independent, publicly traded company Yum China Holdings, Inc. YUMC. Post separation, Yum China holds exclusive rights…
Beijing orders property websites to stop touting investment gains, feng shui advice
BEIJING Beijing has ordered 15 online real estate portals to remove misleading information, false advertising and even advice on feng shui by Wednesday, as part of its campaign to cool a red-hot housing market. Advertisements…
How Western contemporary fashion brands are cashing in on Hong Kong’s luxury downturn
But in the past few years, visitor numbers from China have dropped, while slower economic growth has dented the confidence of local shoppers – a double whammy for big luxury retailers. Lesser-known retailers and contemporary…
Decrease in executions globally in 2016, but China totals unclear: Amnesty
out of at least 931 that the human rights group tallied through public news reports. Among the cases omitted were the executions of foreigners for drug crimes and people accused of terrorism in China’s in…
Trump urges China to 'solve the North Korea problem'
“Well, if China is not going to solve North Korea, we will. That is all I am telling you,” Trump told the FT. ABC News’ Elizabeth McLaughlin and Katherine Faulders contributed to this report. (…
China rejects North Korean coal shipments, opts for US supplies instead
Reuters attributed news of China’s rejecting North Korean coal to a trading source at Dandong Chengtai Trade Co., which is the biggest buyer of North Korea’s coal. The Dandong Chengtai said it had 600,000 tons…
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