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…
Tagged By beijing
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…
China says U.S. 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…
Nine Chinese firms to go public
BEIJING — The China Securities Regulatory Commission (CSRC) has approved IPO applications from nine companies. They will raise up to 6.5 billion yuan ($957 million), the CSRC said in a statement. Four companies will be…
China and Taiwan mixed up in White House gaffe
These are external links and will open in a new window A formal statement from the White House was issued with a very public error – mixing up China and Taiwan. A press release following…
China tests self-sustaining space station in Beijing
BEIJING Sealed behind the steel doors of two bunkers in a Beijing suburb, university students are trying to find out how it feels to live in a space station on another planet, recycling everything from…
Liu Xiaobo: Western doctors contradict China on Nobel laureate’s cancer
His doctors in China say he is too ill to travel abroad for treatment, and must remain in China. But medics from the US and Germany who examined Mr Liu disagree, and say he could…
British Olympic relay team gets medals nine years after race
LONDON — They stepped on the podium. The medals were presented. Nine years too late, and in London rather than Beijing for Britain’s 4×400-meter relay team from the 2008 Olympics. Michael Bingham, Martyn Rooney, Andrew…
China’s capital controls have delayed Chinese funding to UK startups
More than one year later, one fund has yet to invest in UK startups. Sources told Business Insider that Chinese capital controls mean funds have difficultly bringing money in from China. In early 2016, it…
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