BEIJING — China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its escalating dispute with U.S. President Donald Trump and strained relations with other…
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China’s first quarter growth beats expectations at 6.8%
At the current rate, this sector in China doubles in size every two to three years. But it was also exports that helped the economy grow in line with the second half of last year.…
China’s first-quarter economic growth beats expectations on firm consumption, property sector
That’s positive news for Beijing, giving policymakers room to further reduce risks in China’s financial system and rein in pollution without stalling economic growth. Resilient consumption, which accounted for 77.8 percent of economic growth in…
China’s Sina Weibo reverses ban on LGBT content after outcry
The social media company announced the ban on LGBT content last Friday It reversed the decision Monday after a huge backlash from Chinese netizens Homosexuality is not a criminal offence in China, but discrimination is…
No turnaround for Apple in China due to smartphone ‘saturation’: UBS
Apple’s iPhone sales in China will not return to their peak levels anytime soon, according to one Wall Street analyst. UBS predicts Apple’s iPhone sales growth in China will be roughly flat this fiscal year…
Apple’s dominance in China is over, UBS says (AAPL)
Apple is facing increased competition in China’s smartphone market, UBS analyst Steven Milunovich wrote in a note to clients. Apple’s presence in the high-end slice of the market is diminishing. The broader Chinese smartphone market…
Air China flight rerouted after passenger takes flight attendant hostage with pen
An Air China flight bound for Beijing was diverted to central China … It said it was arranging for another plane to pick up the passengers from Zhengzhou. The Beijing News said on its Weibo…
Asia News: China’s Weibo backtracks on gay content ban
China’s popular Weibo microblogging platform on Monday reversed a decision to block “homosexual” content, in an unusual concession to a storm of online protest at the weekend. Sina Weibo said in a statement Friday it…
Shocking footage shows an Air China passenger holding a flight attendant hostage before being tackled by police officers
Police said Xu has mental health issues and he was mentally unstable at the time of the incident, reported China News. The flight attendant was successfully rescued and sustained no injuries. The Air China flight…
China’s ZTE ‘poses risk to UK security’
“Using yet more equipment sourced from China could mean that we open ourselves up to an unacceptable … “We can’t trust what they are telling us is truthful,” a unnamed US official told the Reuters…
iPhone sales peaked in China in 2015 — and a comeback is ‘doubtful,’ says UBS (AAPL)
China is Apple’s second biggest market after North America. But Apple’s Chinese iPhone sales peaked in 2015. New research from UBS suggests a comeback is “doubtful.” Apple CEO Tim Cook frequently says he’s “bullish” on…
Mercedes-Maybach confirms new model reveal at Beijing Motor Show
It used to be the case that major automakers only unveiled their China-only models at the Beijing Motor Show, but the Chinese market is now becoming so important that new models of all types are…
Beijing Motor Show 2018 preview: star cars and wild concepts
There are just days to go before China’s most important motoring event – the Beijing Motor Show – opens its doors. Details of the BMW M2 Competition have emerged in the run-up to the car’s…
