BEIJING, China – China’s central bank has set the value of the yuan at the currency’s lowest level against the U.S. dollar in eight years. The “parity rate” for the yuan, also known as the…
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A global business thriving on people's love for art
Art collecting has been active and auctions have done well in China over the past few years as Chinese moguls have splashed out on masterworks. How do you describe Christie’s business in China in recent…
China, EU political, business heavyweights end Hamburg Summit
Several European and Chinese political and business heavyweights delivered speeches in Hamburg on Thursday to mark the end of the two-day Hamburg Summit “China Meets Europe”. The summit drew numbers of senior officials, entrepreneurs and…
Facebook bowing down to China's censorship overlords is bad for business
It’s been staring us in the face for a couple of years now. From Mark Zuckerberg’s bromance with Xi Jinping (he even went so far as to ask the Chinese President for possible baby names)…
China defends Chinese takeovers of German firms: newspaper
Gabriel made a similar point during a visit to China earlier his month, urging the Chinese government to reduce barriers for German firms wanting to do business there. So far this year, Chinese investors have…
China Eastern to connect YVR with Nanjing
China, starting on Dec. 20. This new, year-round service marks the first connection between Canada and Nanjing, a city rich with tourist attractions, education and business opportunities. A China Eastern Airbus A330 airliner fronts the…
Why China’s new cybersecurity law is a threat to international businesses and innovation
Close to 400 million people in China do most of their payments using their smartphones. China’s overall business in information technology is a market of well above USD $300 billion, and it is estimated that…
Skyscanner sold to China travel firm Ctrip in £1.4bn deal
Skyscanner, the UK-based travel search business, has been bought by Ctrip, China’s biggest online travel firm. The deal values Skyscanner at about £1.4bn ($1.75bn). The firm, which has its headquarters in Edinburgh, is available in…
Small Alberta businesses seek a new frontier in China
For more than two decades, Darryl Nelson has built a business in Spruce Grove, Alta., cleaning dirt. Oil, pesticides, PCBs – if it spills, chances are he can find a way to extract it from…
Doing Business the Chinese Way: Facebook Develops A Censorship Tool
After seven years being banned in China, Facebook learned its lesson—Do business the Chinese way. According to the New York Times, Facebook has developed a censorship tool to restrict contents from appearing in feeds, hoping…
How Apple lost China
“Business has been perfect, actually never been better … Apple Inc. and Samsung Electronics Co. Working with the local stores that dominate sales in China’s far-flung provinces, Oppo and Vivo came out of nowhere to…
Crown Resorts staff held in China are formally arrested
Casino gambling, and promoting gambling abroad, are illegal in mainland China. Foreign Minster Julie Bishop said … it sees wealthy Chinese gamblers as an important part of their business. High rollers, known as VIPs, gambled…
China rebuffs Trump threat to take steps to win trade edge
WASHINGTON — China is pushing back against President-elect Donald Trump’s threat to use sanctions to win back a competitive trade advantage for the United States. On the campaign trail, Trump pledged to act on his…
