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