That trend shows up in GM’s results: Its sales there were down almost 15 per cent in the third quarter, and volumes fell for all brands except Cadillac – which accounts for only 5.5 per…
Tagged By beijing
China, Iran Solve Oil Payments Problem
… have found a way for China to continue buying Iranian crude and pay for it without risking a U.S. sanction breach, an Iranian official said, as quoted by Fars News. “A Chinese bank will…
Award-winning photographer missing in China’s Xinjiang, wife says
An award-winning Chinese photographer is missing and may have been detained by state security officers while visiting China’s far-flung western Xinjiang region, his wife said. Lu Guang, a three-time W… ( read original story …)
China to widen market access for foreign investors
China will widen market access for foreign investors and step up protection of intellectual property rights, China’s President Xi Jinping said on Wednesday ahead of the G20 meeting of world leaders in … ( read…
Saudi Arabia nabs new China oil demand, challenges Russia’s top spot
Saudi Arabia is set to expand its market share in China this year for the first time since 2012, with demand stirred up by new Chinese refiners pushing the kingdom back into contention with Russia…
China is building a third aircraft carrier and it could be launched in 2021
A new generation aircraft carrier is being built on the slipway,’ state-run Xinhua news agency said in an article on Sunday celebrating the sixth anniversary of the first takeoff and landing by the J- ……
22 dead in blast outside northern China chemical plant
BEIJING — An explosion early Wednesday outside a chemical plant in northeastern China has killed at least 22 people and destroyed scores of vehicles. An official news release said the blast occurred … ( read…
Jack Ma, China’s most prominent capitalist, is a member of the Communist Party
Today’s party isn’t exactly exclusive. Its members represent nearly 7 per cent of China’s population. Its ranks include government officials, business people and even dissidents. Being a member often … ( read original story …)
Alibaba-backed parenting site Babytree starts taking orders for downsized IPO
The Beijing-based firm started trading on the Hong … The firm debuted at HK$6.91, or $0.88, compared to its IPO price of HK$6.80. That values Babytree at HK$11.5 billion, or $1.47 billion … ( read…
China’s economy became No. 2 by defying No. 1
Milton Friedman had a message for China: To get rich, it must be free. It was 1988. The Soviet Union was tottering. Across Eastern Europe, the communist order was on the verge of collapsing. Trying…
Beijing scores US$4.5 billion in record land sales after easing controls to prop up property market
The Beijing government’s partial easing of controls on the property market has helped it score record land sales in a single day. Twelve out of 13 land sites were successfully auctioned off by the Bei……
Babytree’s shares rise in Hong Kong debut after cutting IPO size on waning investors’ appetite
and concerns over China’s slower economic growth have sapped investors’ confidence. Some technology companies have also performed poorly since their IPOs in Hong Kong, further weighing on investors’ s… ( read original story …)
Party’s over: As margins tumble, China steel mills brace for hard times
And with the world’s No. 2 economy cooling and facing increased risks from a growing trade war with the United States, China’s steelmakers are likely to feel more pain unless Beijing launches … ( read…
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