WeChat enables in-flight mobile payment
Shenzhen – China’s popular social media platform WeChat has introduced “WeChat Pay”, an in-flight mobile payment service for passengers taking two flights carried by Spring Airlines. WeChat Pay users with a credit score above 550 can apply for the service, … Continue reading WeChat enables in-flight mobile payment
China’s Rising Duty-Free Market
Beijing – Global luxury brands wishing to firm up their retail presence in China should look no further than the country’s booming travel retail sector. Investment bank Morgan Stanley notes that China’s duty-free market, in particular, the downtown duty-free segment, which is currently expanding … Continue reading China’s Rising Duty-Free Market
China’s debt tops 300% of GDP
Washington/Beijing – A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. China’s total … Continue reading China’s debt tops 300% of GDP
Trump sees slowing Chinese growth
Washington – U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having “a major effect” and warned that Washington could pile on more pressure as bilateral trade talks sputtered along. … Continue reading Trump sees slowing Chinese growth
ASEAN becomes China’s No.2 trading partner
Beijing — The U.S. is losing importance as a trading partner of China as their tariff war drags on, dropping a notch to third place in the first half of 2019 to trail the European Union and Southeast Asia. Sino-American … Continue reading ASEAN becomes China’s No.2 trading partner
China’s rising tech scene threatens U.S. brain drain
Shenzhen – Between baskets filled with hard drives, memory sticks, LED lights and countless other bits of technology hardware, Jason Gui found what he was looking for: a handful of tiny batteries. His business partner, Tiantian Zhang, whipped out her … Continue reading China’s rising tech scene threatens U.S. brain drain
China: Xi urges Trump to ease North Korea sanctions
Beijing/Washington – Chinese President Xi Jinping urged U.S. President Donald Trump last month to show flexibility in dealings with North Korea and ease sanctions on the country “in due course,” China’s Foreign Ministry said on Friday. A senior U.S. official … Continue reading China: Xi urges Trump to ease North Korea sanctions
China’s producer prices stall, fuel deflation worries
Beijing – China’s producer prices flatlined in June on lower oil prices and weak global demand, fuelling concerns that a slowdown in manufacturing from a bruising trade war will further drag on growth in the world’s second-biggest economy. The producer … Continue reading China’s producer prices stall, fuel deflation worries
Japan: Fuel-cell technology for Chinese automakers
Beijing – Toyota Motor Corp will supply key hydrogen fuel-cell parts to Chinese automakers FAW and Higer Bus, as the Japanese automaker tries to promote the technology it continues to view as superior to rapidly spreading battery-powered vehicles. Toyota is … Continue reading Japan: Fuel-cell technology for Chinese automakers
China, Bulgaria lift ties to strategic partnership
Beijing – Chinese President Xi Jinping on Wednesday held talks with Bulgarian President Rumen Radev in the Great Hall of the People in Beijing. At the conference both sides decided to lift state-to-state ties to a strategic partnership. Bulgaria was … Continue reading China, Bulgaria lift ties to strategic partnership