04/19/2024 07:17:13 am
04/19/2024 07:17:13 am
S. Rina | Jan 15, 2017 09:59 AM EST
Chinese technology company LeEco has received a fresh round of funding from Sunac China Holdings, according to the stock exchange filing made by the property developer on Friday. read more
S. Rina | Jan 16, 2017 01:50 AM EST
China has aired its misgivings about upcoming Donald Trump regime in the US. The country believes that the future US president is likely to engage in a trade war, causing damage to both the countries. Donald Trump has maintained a prominent anti-China stance during his election campaign. read more
S. Rina | Jan 16, 2017 01:46 AM EST
China has lowered tariffs on seafood, giving a fillip to Canadian industry. The lower tariffs became applicable from Jan. 1 this year to a wide variety of marine products. read more
Charissa Echavez | Jan 14, 2017 08:08 AM EST
US hard disk drive maker Seagate Technology is axing 2,000 people from its workforce as it closes down its Suzhuo factory in eastern China because of "sluggish market demand," the company revealed on Friday. read more
Girish Shetti | Jan 14, 2017 03:58 AM EST
China's export market took a huge hit for second year in a row as the country's export figures showed its worst performance since 2009's recession peak period. The persistently weak global demand apparently took toll on Chinese exporters for second year in running. read more
S. Rina | Jan 14, 2017 03:09 AM EST
Oil prices are on the upswing following the news of production cuts by major crude exporters including Russia and Saudi Arabia. The demand from China is also projected to be all time high, further fueling the price trend for the commodity. read more
S. Rina | Jan 14, 2017 03:02 AM EST
Taco Bell is taking another chance to capture Chinese markets with its latest store in Shanghai. The company plans to open several other outlets in major Chinese cities, before going for a national rollout. Taco Bell will be brought to the country by Yum China, which also owns Pizza Hut and KFC brands domestically. read more
S. Rina | Jan 14, 2017 01:57 AM EST
China reported extending $1.82 trillion worth of loans in 2016, setting a new record. However, the numbers have also given rise to new debt concerns. The country is looking to fuel its economy by providing more stimulus in the form of credit and debt, without creating an asset bubble. read more
S. Rina | Jan 14, 2017 12:11 AM EST
Asset management firm PIMCO stated that there is possibility that China may freely float Yuan this year. The firm stated that alternatively, the country may decide to widen the trading band for the currency. Yuan had a tumultuous time in 2016 as it saw steady decline in its value. read more
Ellie Froilan | Jan 13, 2017 07:43 AM EST
Alibaba has a plan of developing a European logistics center in Bulgaria, evaluating the opportunities for investments in the country. read more
S. Rina | Jan 13, 2017 01:51 AM EST
China witnessed sharp increase in its overseas investment in 2016. The Chinese firms spent a record $45.6 billion on acquiring foreign firms the last year. The surge in the acquisition volume led to resistance from foreign countries, leading to the breakdown of some very prominent deals. read more
S. Rina | Jan 13, 2017 01:05 AM EST
China's auto sector had a bumper year in 2016 as vehicle sales increased 13.7 percent, the fastest growth rate in three years. However, the outlook for the coming year is rather tepid as the government has announced phasing out tax incentives on vehicle purchase. read more
S. Rina | Jan 12, 2017 11:26 PM EST
China reported a record increase in its overseas investments in 2016. Chinese firms raised their investment spending across the globe with special emphasis on technology-related acquisitions and advanced manufacturing operations. read more
S. Rina | Jan 12, 2017 08:29 PM EST
The Obama administration may file a complaint against Chinese subsidies on its aluminum products, which is likely to be submitted to the World Trade Organization on Thursday. This step is expected to further erode the crumbling trade relationships between the two countries. read more
S. Rina | Jan 12, 2017 09:36 PM EST
China continues its offensive against Bitcoin, sending the value of the cryptocurrency to the bottom. Bitcoin faced further erosion of 10 percent in its value as China's central bank announced that it may investigate unauthorized financing and market manipulation. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
