For Beijing-based JunHe, one of China’s oldest and most well-reputed domestic law firms, gross revenue fell by about 13% to $316 million but net profits are estimated to have fallen by over 30%. Rival firm…
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Shell and BYD open world’s largest fast charging park in Shenzhen
Shell has opened its largest electric car charging park in the world in Shenzhen, China. The site near Shenzhen Airport has 258 public fast-charging points. While the facility operates under the Shell …
“Beijing is telling the U.S.: ‘We are willing to die to the last Chinese for Taiwan. You Americans are not.’”
Council on Foreign Relations President Richard Haass explained to MSNBC that “Beijing is telling the U.S.: ‘We are willing to die to the last Chinese for Taiwan. You Americans are not.’” By raising the risk…
The climate upside of China’s real estate downturn
The deepening debt crisis in China’s construction sector – a key engine of economic growth, investment and employment – may trigger an unexpected climate benefit in the form of reduced emissions from …
BlackRock downgrades Chinese stocks as conviction sours amid property slump and stimulus policy limp
The world’s biggest money manager lost confidence in Chinese stocks and their emerging-market peers after turning bullish in February The MSCI China Index has lost 11.8 per cent since late February; …
UPDATE 1-China’s Tuhu Car to raise $146 mln in Hong Kong IPO -sources
Chinese car maintenance service startup Tuhu Car is set to raise HK$1.137 billion ($146 million) in its Hong Kong initial public offering by pricing its shares at HK$28 apiece, according to three …
China Aims To Replicate Human Brain in Bid To Dominate Global AI
The pursuit of the most advanced AI—human-like artificial general intelligence—has prompted concerns among experts about potential dangers if it runs amok.
Foreign business lobbies warn working in China harder than ever
Foreign business confidence in China has reached its lowest in years, US and European enterprise lobbies warned Tuesday, as slowing growth and geopolitical tensions hit investment prospects.US firms in China now report “record-low” optimism and…
China lashes out against German foreign minister for calling Xi a ‘dictator’
China has lashed out at Germany after its foreign minister called Xi Jinping a “dictator” and summoned Berlin’s ambassador for a dressing down, in the latest flaring of tensions with a western democratic power over…
US-China chip restrictions ‘could hit Irish exports’
US restrictions on selling high-end computer chips to China could be partially responsible for a slowdown in Irish exports, Ireland’s Central Bank has suggested. The value of Irish exports fell by €3bn in the first…
Analysis-Investors temper pessimism on China, but bullish tilt remains distant prospect
Investor negativity on China is showing signs of shifting as money managers stop or slow cuts to their exposure, even if they see a durable bullish tilt in the market or sentiment as distant. After…
Shell Opens Its Largest EV Charging Station Globally in China
BEIJING (Reuters) – Shell said it has opened its largest electric vehicle (EV) charging station worldwide in Shenzhen, China. The station, located adjacent to Shenzhen airport, features 258 charging points, as well as solar panels…
Starbucks bets on China with $220 million roasting and distribution center
Starbucks says it has poured more than $200 million into a new campus in China, in a sign of how the Chinese consumer remains crucial to the global coffee chain despite a major economic slowdown.