BEIJING — China’s defence budget will rise 8.1 per cent to 1.1 trillion yuan ($173 billion) this year as the country prepares to launch its second aircraft carrier, integrate stealth fighters into its air force…
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China’s Tasly to list biotech arm in $1 billion Hong Kong IPO: sources
HONG KONG (Reuters) – China’s Tasly Pharmaceutical Group is planning to list its biopharma unit in Hong Kong to raise about $1 billion, in what is likely to be the largest biotech float in the…
China keeps economic growth target of around 6.5 percent this year
BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual…
China targets robust growth as Xi bids to rule indefinitely
BEIJING — China’s government pledged Monday to deliver robust growth, pursue advanced technology and boost military spending while urging the public to embrace President Xi Jinping’s rule as its ceremonial legislature prepared for changes to…
The Brands That Kowtow to China
Security staff guarding the Mercedes-Benz booth at an autoshow in Guangzhou, China, in November 2017 A couple of years ago, a satirist on Taiwan, the democratic self-governing island that China claims as a province, created…
Two manufacturers could spur other Chinese firms to look anew at South Carolina
European and Japanese manufacturers have an advantage with brands such as BMW or Toyota being well-known in the U.S. market. But China is looking to make up ground by investing in business such as Swedish…
Caterpillar drives sales on China’s new Silk Road
CHICAGO/NANTONG, China (Reuters) – At a Caterpillar facility in the eastern Chinese city of Nantong, an array of excavators, earth movers and road-making machinery is displayed on slopes and in mud pits. The audience is…
‘President for life’ not a bad idea, Trump says of China proposal
Abroad, China is faced with maintaining stability and avoiding the … The Associated Press contributed to this report. Amy Lieu is a news editor and reporter for Fox News. ( read original story …)
China says its increasingly powerful military is no threat
That move follows complaints that China isn’t open enough about how it funds its military or what the goals of its massive campaign of expansion and modernization are. Zhang sought to strike a reassuring tone…
China says its ‘moderate’ defense spending rises are no threat
“In recent years, China has moderately raised defense investment,” he told a news conference. “Part of it has been to make up for past investment deficiencies, mostly on renewing equipment (and) improving material benefits for…
US aircraft carrier in Vietnam for historic visit aimed at Beijing
Danang, Vietnam (CNN)For the first time since the end of the Vietnam War more than four decades ago, a US Navy aircraft carrier will set anchor in the country Monday. Publicly, the United States has…
Beijing Guoan sign Cedric Bakambu in African-record £65m deal
Beijing Guoan have completed an unbelievable African-record move to sign Villarreal forward Cedric Bakambu for £65m. The DR Congo international penned a four-year deal with the Chinese Super League and was presented as a Guoan…
Forget tariffs, China’s alleged intellectual property theft a bigger threat to market: Analyst
A trade war won’t materialize from President Trump’s new tariffs, Jeffrey Schulze says. A ruling that China stole intellectual property from American companies and potential retaliation would be a much bigger threat to the markets,…
