BEIJING (Reuters) – U.S. energy and commodities firms will make up a major part of a business delegation visiting Beijing at the same time as U.S. President Donald Trump goes to China in November, according…
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China is churning out a new billionaire every 5 days
China had the highest number of new billionaires … John Matthews, the report’s coauthor, told Business Insider that Asian countries are better at deploying and integrating new technology, which for the most part is first…
Pigging out: Internet mocks McDonald’s new China name
A McDonald’s China spokeswoman said in a statement Thursday that the company’s new name is purely a formality. “The company’s name is only for registration purposes,” the statement said. “It will have no effect on…
4 Things Every Brand Needs to Know to Tap Into China’s Booming Retail Economy
Bolstered by a burgeoning middle class with a growing appetite for high-end merchandise, China is quickly shedding its reputation as solely an export hub. While local e-commerce giants such as Alibaba, JD.com and VIP.com have…
Sinochem “taps banks” for possible oil asset IPO
An initial public offering (IPO) of the assets could take place in the second half … The firm’s upstream business has struggled in recent years. As such, the Beijing-based firm has begun to move away…
‘Golden Arches’: McDonald’s gets new China name following unit sale
SHANGHAI (Reuters) – U.S. fast food giant McDonald’s Corp (MCD.N) is getting a name change in China – at least on paper. The firm will change its registered business name to “Golden Arches (China) Co…
Xi has prepared China for a future that is both clear and dark
China’s President Xi Jinping has more power than any leader in decades, and no plans to cede it. It is a power he will have to use to face one of the biggest financial challenges…
China’s Entrepreneurs Squirm Under Xi Jinping’s Tightening Grip
BEIJING — Guo Junwen was a successful property developer in southwestern China when the authorities threw him behind bars three years ago on charges involving land use and seized his business. Now free, Mr. Guo…
China enshrines ‘Xi Jinping Thought’, key Xi ally to step down
“This is about further erasing any distinction between Xi Jinping and the party,” said Jude Blanchette, who studies the party at The Conference Board’s China Center for Economics and Business in Beijing, referring to Xi’s…
China’s Entrepreneurs Squirm Under Xi’s Tightening Grip
BEIJING — Guo Junwen was a successful property developer in southwestern China when the authorities threw him behind bars three years ago on charges involving land use and seized his business. Now free, Mr. Guo…
Better Buy: Yum Brands or Yum China?
Last November, Yum China (NYSE: YUMC) started trading on the New York Stock Exchange after being spun off of Yum Brands (NYSE: YUM). Yum China shares surged nearly 70% since that split, but Yum shares…
China’s New Antipollution Push Could Cool Its Growth Engine
BEIJING — Through the last four decades, China has achieved breathtaking economic growth at the cost of smoggy skies, fetid streams and lakes of dying fish. Now China is undertaking one of its most extensive…
China’s US$150 billion tax cut: Beijing claims headway in cutting business burden
China will cut the burden on business by at least 1 trillion yuan (US$150 billion) this year through its new value-added tax regime and fee cuts, Chinese Finance Minister Xiao Jie forecast on Monday. In…
