The intention of such policies is to prevent some businesses to cheat on government subsidies, instead of forcing foreign firms to transfer technology to China, Miao explained. As for the target set for the market…
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China auto sales slowing, dented by tax increase
Sales of sedans, minivans and SUVs rose 6.3 percent from a year earlier to 3.8 million units, down from December’s 9.1 percent growth, an industry group, the China Association of Automobile Manufacturers, reported Friday. Total…
Prince Charles' former tailor says Savile Row being ruined by 'half-baked brands' peddling fake Chinese suits
“I guarantee you if you are browsing in Savile Row now you will pick up a garment made in China.”Thomas Mahon He says he has grown disillusioned with Savile Row. “You’ve now got these half-baked…
Canada-China free trade must benefit Canadian workers, new Beijing envoy says
OTTAWA — Canada’s Beijing-bound ambassador says the government will have to sell any possible Canada-China free trade to Canadian workers in order to overcome rising anti-trade sentiment. John McCallum says he’s aware of the populist…
Sogou: IPO With AI Concept And Tencent Connection
Sogou, China’s third largest search engine, has taken one important step toward an initial public offering (IPO) in 2017. Multiple parties that we understand to include Sogou’s management and two major shareholders Tencent (OTCPK:TCEHY) and…
Central banker: China's debt 'too high,' must be controlled
BEIJING, China – China’s central bank governor said Friday the country needs to get soaring corporate debt under control but its economy and currency are stable and the decline in its foreign exchange reserves is…
China's property speculators make a dangerous bet in Hefei
HEFEI, China (Reuters) – In 2016, Hefei, a manufacturing hub of about 8 million people in China’s east, was one of the world’s hottest property markets and a prime target for price curbs designed to…
China developing spaceship capable of lunar mission: report
BEIJING — China is developing an advanced new spaceship capable of both flying in low-Earth orbit and landing on the moon, according to state media, in another bold step for a space program that equaled…
China February producer inflation fastest in nearly nine years as commodities surge
China’s iron ore and steel prices have been rallying for a year … while oil refiners and chemical producers also saw solid increases. That has been good news for some producers after years of losses…
China says it followed law in approving Trump trademarks for escort services, hotels and golf clubs
SHANGHAI — China on Thursday defended its handling of 38 trademarks it recently approved provisionally for President Donald Trump, saying it followed the law in processing the applications at a pace that some experts view…
China's housing minister 'fully confident' of property market outlook: Caixin
BEIJING China’s housing minister Chen Zhenggao said he was “fully confident” of the outlook for the property market, amid strong economic fundamentals and continuing urbanization, financial magazine Caixin said on Thursday. China’s home price growth…
Trump gets initial approval for 38 new trademarks — in China
China has granted preliminary approval for 38 new Trump trademarks, paving the way for U.S. President Donald Trump and his family to potentially develop a host of branded businesses from hotels and golf clubs to…
China: North Korea could halt nuke program if South, US stop military drills
Wang told reporters. “Our priority now is to flash the red light and apply the brakes on both trains.” In a briefing with reporters, Wang said China proposes that as a first step to defusing…
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