XI : Cooperation best for both China and U.S.
Beijing – History shows that cooperation is the best choice for both China and the United States, Chinese President Xi Jinping told U.S. President Donald Trump in a congratulatory message on Tuesday to mark 40 years since the establishment of … Continue reading XI : Cooperation best for both China and U.S.
China for adoption of foreign investment law
Beijing — Chinese lawmakers have called for swift adoption of a unified foreign investment law to further open the country. The opinion won wide support at a panel deliberation Wednesday on the draft foreign investment law, which was submitted to … Continue reading China for adoption of foreign investment law
Beijing – China’s housing authorities have pledged to stabilize land and home prices in 2019 and ramp up the supply of rental housing to tackle home-affordability issues, state television reported. Following a furious boom, China since mid-2016 has gradually tightened … Continue reading
China : Mobike CEO Hu Weiwei quits
Beijing – Hu Weiwei, the founder of China’s leading bike-sharing platform Mobike, has quit from the position of CEO, according to an internal letter sent by the female entrepreneur Sunday. President of Mobike Liu Yu will succeed the role. Hu … Continue reading China : Mobike CEO Hu Weiwei quits
Baidu invests in Chinese smart lock start-up
Beijing – Baidu, China’s dominant internet search engine operator, said on Tuesday that it led a 600 million yuan (US$87 million) financing round in Chinese smart lock start-up YunDing Network Technology, pushing further into the growing market for smart home … Continue reading Baidu invests in Chinese smart lock start-up
China : More trade talks with U.S. planned
Beijing – China and the United States will hold more talks on trade in January, China said on Thursday, following detailed discussions about the issues to be tacked in the negotiations. Commerce Ministry spokesman Gao Feng expressed confidence in a … Continue reading China : More trade talks with U.S. planned
China steel raw materials drop on demand woes
Beijing – Chinese coking coal and coke futures dropped on Wednesday, but closed off the day’s lows, as steel producers continued to seek lower prices for the steelmaking raw materials due to shrinking profit margins. Coke ended down 1.2 percent … Continue reading China steel raw materials drop on demand woes
Retail sales in China still grew 8.1 percent
The S&P 500 has already given up all its gains from earlier in the year, and there’s precious little positive news to make businesses think that the market will bounce back any time soon. Underwhelming retail sales and industrial production … Continue reading Retail sales in China still grew 8.1 percent
Laura Ashley to Close UK Stores, Focus on China
London – London – UK brand Laura Ashley appears to be leaving the UK. The fashion and home goods retailer, which is owned by Malaysian United Industries (MUI), will close some 40 UK stores amid its push into China, BBC reported … Continue reading Laura Ashley to Close UK Stores, Focus on China
Airbus pursues innovation in “China’s Silicon Valley”
Shenzhen – Airbus is speeding up its innovative approach in China, with plans to invest tens of millions of euros in the Airbus China Innovation Centre (ACIC) based in “China’s Silicon Valley” Shenzhen, South China’s Guangdong Province. Airbus has enjoyed … Continue reading Airbus pursues innovation in “China’s Silicon Valley”