The intention of such policies is to prevent some businesses to cheat on government subsidies, instead of forcing foreign firms to transfer technology to China, Miao explained. As for the target set for the market…
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China auto sales slowing, dented by tax increase
Sales of sedans, minivans and SUVs rose 6.3 percent from a year earlier to 3.8 million units, down from December’s 9.1 percent growth, an industry group, the China Association of Automobile Manufacturers, reported Friday. Total…
Prince Charles' former tailor says Savile Row being ruined by 'half-baked brands' peddling fake Chinese suits
“I guarantee you if you are browsing in Savile Row now you will pick up a garment made in China.”Thomas Mahon He says he has grown disillusioned with Savile Row. “You’ve now got these half-baked…
Sogou: IPO With AI Concept And Tencent Connection
Sogou, China’s third largest search engine, has taken one important step toward an initial public offering (IPO) in 2017. Multiple parties that we understand to include Sogou’s management and two major shareholders Tencent (OTCPK:TCEHY) and…
China and U.S. in new global faceoff between economic planning and deregulation: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and Toronto and the BBC in…
Human rights, cyber security to be part of Canada-China free trade consultations
OTTAWA – The federal government wants Canadians to air their concerns about China’s human rights record as part of broad consultations on a possible free trade deal. Business leaders are also being asked to weigh…
China’s Latest Industrial Policy Is a Waste and a Challenge, Business Group Says
China’s latest plan to dominate advanced manufacturing marshals billions of dollars in subsidies, investment and other government support that a foreign group says distort the market and may end up wasting a huge amount of…
Is China retaliating against Lotte missile deal?
China is a crucial market for many South Korean companies, and the food and retail giant Lotte is no exception. The fifth biggest firm in South Korea gets an estimated 30% of its sales from…
Beijing Auto's green car unit plans IPO in 2018
BEIJING The green energy car subsidiary of Chinese automaker Beijing Automotive Group [BEJINS.UL] plans an initial public offering in 2018, Chairman Xu Heyi said on Monday, adding that the unit should be profitable that year.…
Beijing Auto's new energy unit plans IPO in 2018: group chairman
China has aggressively promoted battery electric and plug-in hybrid cars, including spending billions of dollars in subsidies, in an effort to cut heavy urban smog and promote technological innovation in its auto sector. Xu said…
China Brands Reports It Tortured Rights Lawyer as ‘Fake News’
China’s state-run media outlets appear to have been inspired by President Donald Trump’s outspoken Twitter posts and attacks on the media. The People’s Daily, the official newspaper of China’s ruling Communist Party, early Friday tweeted…
New satellite images show inside China’s ghost cities
China still has a startling number of vacant real-estate developments, judging from new satellite analysis by DigitalGlobe and Business Insider. Chinese ghost cities have made headlines for nearly a decade, with huge new real-estate developments…
Senior China government adviser criticizes web censorship
BEIJING, China – A senior Chinese government adviser has warned that the country’s internet censorship is hampering scientific research and economic development, in a rare public criticism of a sensitive government policy. Slow access to…
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