Shanghai: Regulation for Foreign Investment Law
Shanghai – On September 18, Shanghai’s municipal government issued Opinions on the Further Promotion of Foreign Investment in Shanghai, which makes it the first regional jurisdiction to roll-out an implementation regulation for the national Foreign Investment Law. Other jurisdictions are expected to follow … Continue reading Shanghai: Regulation for Foreign Investment Law
China-U.S. Trade War effects Tourist industry
Beijing – The Sino-US trade war and a weaker yuan have put a damper on outbound travel from China, as Chinese travelers turn towards domestic travel or more value-for-money destinations in South-east Asia. Guangdong Qiyouji International Travel Service’s marketing and … Continue reading China-U.S. Trade War effects Tourist industry
Beijing: Xi Jinping celebrates National Day
Beijing – China staged a massive military parade in Beijing on Tuesday to mark the 70th anniversary of the founding of the People’s Republic, with much of the smog-shrouded capital city under a security lockdown. President Xi Jinping inspected over 15,000 … Continue reading Beijing: Xi Jinping celebrates National Day
Taiwan firm against calls for unification
Taipei – Taiwan has firmly rejected Chinese President Xi Jinping’s call for cross-strait unification under the “one country, two systems” model, saying the proposal was unacceptable on the self-ruled island. In a statement issued on Tuesday in response to Xi’s National … Continue reading Taiwan firm against calls for unification
Nio tumbles to record low after sales disappoint
Shanghai/New York – U.S.-listed shares of Tesla rival Nio Inc (NIO.N) tumbled 25% after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand. China has been steadily rolling back subsidies … Continue reading Nio tumbles to record low after sales disappoint
Beijing’s new airport opened by President Xi
Beijing – Having taken five years and more than 80 billion yuan (US$11 billion) to complete, Daxing International Airport was declared open in a short announcement by Xi on Wednesday, six days before the October 1 National Day holiday. The … Continue reading Beijing’s new airport opened by President Xi
Huawei denies plans to buy Brazilian carrier Oi
Shenzhen – Chinese telecoms giant Huawei Technologies has denied a local media report that it plans to acquire Brazilian carrier Oi SA in partnership with China Mobile. “Huawei has no plans or interest to acquire Oi or any other Brazilian … Continue reading Huawei denies plans to buy Brazilian carrier Oi
China cancels U.S. farm visits
Washington – A U.S. – China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington. Chinese officials were … Continue reading China cancels U.S. farm visits
LG Display’s struggle against Chinese rivals
Seoul – Unable to compete with the glut of cheaper Chinese LCD panels, LG Display has replaced its chief executive and is looking to cut jobs. Early this week, the South Korean company held an emergency board meeting to accept … Continue reading LG Display’s struggle against Chinese rivals
China’s car market under pressure
Beijing – Car sales have fallen in all key regions, especially in China, the world’s biggest auto market. With concerns about the economy and stricter emissions rules looming, there is no end in sight for carmakers’ troubles. The biggest fall … Continue reading China’s car market under pressure