As some Chinese tycoons slow acquisitions to focus on digesting their massive debt loads, one property billionaire is moving the other way. Sunac China Holdings Ltd. Chairman Sun Hongbin over the past year oversaw an…
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Op-Ed: Business is booming in Northeast Asia despite political frictions
Japan, in particular, is re-emerging as an export powerhouse, drawing large benefits from its Chinese and Korean business operations. In the first five months of this year, Japanese exports to China soared 17.3 percent from…
China says US has apologized for Taiwan name gaffe
Foreign ministry spokesman Geng Shuang said China asked the United States for an explanation of the mistake, and the U.S. said it was a technical error. Washington apologized and corrected the error, Geng said at…
China says Nobel-winning dissident Liu Xiaobo in ‘critical condition’
Pressure on China Earlier this month, 154 Nobel laureates across six … The Chinese government, which continues to censor domestic news coverage of Liu, has been waging a public relations offensive in the face of…
China renews commitment to less coal, more natural gas
China has renewed an ambitious commitment to displacing coal with natural gas-fired energy, plotting a course to revive a “golden age” for a petroleum product – even as Canada’s ability to profit from Chinese demand…
China’s June factory price inflation subdued
China’s producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook…
China’s COSCO to buy Orient Overseas for $6.3 billion
BEIJING – China’s biggest shipping company, state-owned COSCO Shipping Holdings Co., is creating the world’s No. 3 container shipping giant by acquiring rival Orient Overseas (International) Ltd. Shares in both companies surged Monday following the…
China’s ambition, US retreat on show in Serbian factory town
has often expressed his admiration for the economic achievements of countries like China. He wants to make Hungary the main hub for Chinese business and investments in Central and Eastern Europe. “The old model for…
China’s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal
The sale – the second-biggest real estate deal ever in China according to Reuters data – is however … While Wanda did not give a reason for the sale, local business magazine Caixin quoted Wang…
Business PC market to grow on digital transformation
“The driver for China’s business PC market will shift from ‘equipment replacement’ to ‘satisfying demand from digital transformation,” Wang Jiping, associate vice-president of IDC China, said at an event in Beijing on Friday, when IDC…
China Is Said to Close Major Hole in its Great Internet Firewall
“This seems to impact individuals” most immediately, said Jake Parker, Beijing-based vice president of the US-China Business Council. “VPNs are incredibly important for companies trying to access global services outside of China,” he said. (…
China’s Wanda Signals Retreat in Debt-Fueled Acquisition Binge
“Wanda is selling the noncore part of its cultural tourism business,” said Deng Zhihao, a real estate economist with Fineland Assets Management Company based in Guangzhou, China. “Ultimately, what they are selling are properties that…
Brands unite to take new energy market
The China Association of Automobile Manufacturers estimated that new energy car sales could hit 800,000 units in 2017. Rivaling Daimler AG in China, BMW AG announced in March that its local line-up will come with…
