Official news agency Xinhua said Xiongan’s creation would reduce pressure on China’s car-clogged, 22 million-resident capital, and “usher in a new chapter in the country’s historic transitioning to coordinated, inclusive and sustainable growth”. ( read…
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China’s e-commerce boom part III: How can individual brands stand out?
As we enter the age of “new retail”, we ask Matthew Crabbe, Director of Research, Asia-Pacific at Mintel how both Chinese and overseas APAC brands can strive for market domination. Jack Ma, the founder of…
U.S. business seeks action, not trade war, in Xi-Trump summit
Jacob Parker, vice president of China operations at the U.S.-China Business Council, said the two presidents need to take “positive actions that would lead to a more durable relationship, not retaliatory actions that would lead…
Beijing slaps real estate ownership restrictions on residents
Beijing: Young Australians aren’t the only ones feeling locked out of a red-hot housing market that seems unfairly skewed towards their parents’ generation. Beijing median housing prices, which outstrip those in Sydney and Melbourne, have…
Hotel Lotte scraps IPO, stung by China's reprisal
SEOUL — Hit by China’s retaliation for the deployment of a U.S. anti-missile system in South Korea, Hotel Lotte has shelved plans for an up to $4.5 billion listing in Seoul until its duty-free business…
Xiongan district becomes hot property in China
These are external links and will open in a new window A sleepy district in Hebei province has suddenly become the centre of China’s latest property craze and the talk of the country. Over the…
Canada ‘a long, long’ way from China extradition deal: McCallum
Canada remains far from formally discussing, much less concluding, an extradition treaty with China, the new ambassador to Beijing says. “We are a long, long way from negotiations, let alone agreeing to such an agreement,”…
China introduces facial recognition technology to dispense toilet paper
Fed up with the theft of toilet paper from public bathrooms, tourist authorities in China’s capital have begun using facial recognition technology to limit how much paper a person can take. The unusual move —…
South Korea Lotte Group says will continue to invest in China despite tensions
SEOUL (Reuters) – South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defense system, a Lotte executive said on Monday, denying rumors…
Li Na Land, reality TV and fashion — what China's tennis pioneer did next
(CNN)She may have hung up her tennis racket more than two years ago, but two-time grand slam champion Li Na is still winning big in business. China’s first major singles champion, Li has been busy…
New ambassador to Beijing bullish on Canada-China ties
Barely two weeks after leaving the post of federal immigration minister and being installed as Canada’s ambassador to China, John McCallum is already getting down to business. McCallum, in an interview with Postmedia, said his…
Manufacturing growth caps strong first quarter, led by China
Factories across Europe and much of Asia posted another month of solid growth in March, rounding off a strong quarter for manufacturers, even though exporters fear a rise in U.S. protectionism could snuff out a…
South Korean company to China: Don't blame us for THAAD missiles
Lotte, one of South Korea’s biggest conglomerates, has longstanding ties to China. It’s been doing business there for more than 20 years, employs 25,000 people and has invested more than $5 billion, Shin said. China’s…
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