Israel: Hi-Tech firms wary of Chinese investment
Tel Aviv – Growing security concerns regarding the rapid influx of Chinese investment in Israel’s hi-tech sphere, accelerated by warnings from the United States, have prompted some start-ups to reconsider whether to accept financial backing from the world’s most populous … Continue reading Israel: Hi-Tech firms wary of Chinese investment
No high-level U.S. officials at Silk road summit
Washington – The United States will not send high-level officials to attend China’s second Belt and Road summit in Beijing this month, a spokesperson for the U.S. State Department said on Tuesday, citing concerns about financing practices for the project. … Continue reading No high-level U.S. officials at Silk road summit
China’s top banks warn of slow economy
Beijing/Hong Kong – China’s top four state-controlled banks warned bad loans could rise and interest margins would shrink industry-wide, as three of them posted their weakest quarterly profit growth in more than two years. Top lender Industrial and Commercial Bank … Continue reading China’s top banks warn of slow economy
China’s per capita spending on entertainment rises
Beijing — China’s per capita spending on culture and entertainment rose to 850 yuan (126 U.S. dollars) in 2017 from 570 yuan in 2013, according to the Ministry of Culture and Tourism. With growing cultural consumption demand by Chinese, the … Continue reading China’s per capita spending on entertainment rises
Explosion at Chinese pesticide plant, 6 dead
Yancheng – More than 900 firefighters are battling a blaze that erupted after a powerful explosion ripped through a pesticide plant in eastern China on Thursday, killing at least six people and badly injuring dozens of others, including children. State-run … Continue reading Explosion at Chinese pesticide plant, 6 dead
Saudi Aramco shifts strategy to boost oil sale
Dubai/Beijing – Rising Russian and U.S. competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift toward independent refiners and newcomers to the business.It reflects a new strategy for the Saudi Arabian oil … Continue reading Saudi Aramco shifts strategy to boost oil sale
Audi considering China joint venture stake increase
Ingolstadt – Volkswagen’s premium brand Audi is reviewing whether to raise its stake in its Chinese joint venture partner companies, the premium brand’s China chief Alexander Seitz said on Thursday. “At the end of this year or beginning next year … Continue reading Audi considering China joint venture stake increase
China, Indonesia ground Boeing 737 MAX 8
Beijing – China, Ethiopia and Indonesia have grounded all Boeing 737 MAX 8 aircraft while a number of airlines across the world are carrying out safety measures on the jets following the Ethiopian Airlines crash on Sunday that killed all 157 people on board. On … Continue reading China, Indonesia ground Boeing 737 MAX 8
China-U.S. trade talks ‘making a final sprint’
Shanghai – Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress. Xi made the comments at a … Continue reading China-U.S. trade talks ‘making a final sprint’
Xinjiang foreign trade with B&R countries rises
Urumqi – The foreign trade volume between northwest China’s Xinjiang Uygur Autonomous Region and countries along the Belt and Road (B&R) totaled about 291.5 billion yuan (43 billion U.S. dollars) in 2018, up 13.5 percent year on year. The figure … Continue reading Xinjiang foreign trade with B&R countries rises