Charissa Echavez

Airbus: China's Aircraft Demand to Reach Nearly $1 Trillion in 20 Years

  | Nov 01, 2016 09:30 PM EDT

Aircraft maker Airbus Group revealed on Tuesday its 20-year forecast for China's aircraft demand, with the country estimated to need about 6,000 aircraft worth $945 billion, the company said at the Zhuhai air show. read more

Airshow China 2016: Russian Helicopters to Sell 18 Choppers to China

  | Nov 01, 2016 08:49 PM EDT

Russian Helicopters, a subsidiary unit of Russia's state technology holding Rostec, has closed a deal with China, selling at least 18 helicopters including Mi-171s, Ka-32s, and Ansat. read more

Sri Lanka to Sell 80% Hambantota Port Stake to a Chinese Firm

  | Nov 01, 2016 06:50 AM EDT

Sri Lanka is set to sell an 80 percent stake of its Hambantota port in its south to a Chinese company, an attempt to cut its debt burden, Ravi Karunanayake, the country's finance minister, said. read more

Update: At Least 13 Dead, 20 Missing in Chongqing's Coal Mine Explosion

  | Nov 01, 2016 05:02 AM EDT

Thirteen people were killed and another 20 missing after an explosion in a coal mine occurred in China's Chongqing, state media reported. read more

Apple Now Accepts Alipay Payments from Chinese Users

  | Nov 01, 2016 03:36 AM EDT

Apple has now included China's Alipay as one of its payment method options for iTunes. read more

OnePlus: India to Beat China as Biggest Market in 2017

  | Nov 01, 2016 01:14 AM EDT

Chinese smartphone maker OnePlus sees India to surpass China as its world's largest market as early as next year, Pete Lau, the company's CEO, told TOI. read more

Alibaba to Raise $1.5B Cultural, Entertainment Investment Fund

  | Nov 01, 2016 12:24 AM EDT

Alibaba Group Holding announced on Monday its plan to raise 10 billion yuan ($1.5 billion) to target China's cultural and entertainment industries and establish a separate cultural and entertainment group. read more

China Anticipates Coldest Winter since 2012

  | Oct 31, 2016 11:36 PM EDT

The coldest winter since 2012 is coming in China, particularly the northeastern and northwestern parts of the country, meteorologists said on Monday. read more

China to Have World's Biggest Theme Park Market by 2020: Report

  | Oct 31, 2016 10:27 PM EDT

China's theme park industry is poised to become the biggest in the world by the end of the decade, South China Morning Post reported citing analysts. read more

Bombardier Makes C Series Aircraft Debut in Airshow China

  | Oct 31, 2016 09:54 PM EDT

Bombardier Commercial Aircraft has launched its CS300 jetliner, the second CS300 flight test vehicle, in Zhuhai, China. read more

China Promotes Standardizing Transfer of Farmland Use Rights

  | Oct 31, 2016 09:37 AM EDT

China announced a policy on Sunday promoting and standardizing the transfer of the right to use farmland from rural citizens to commercial entities. read more

Universal Studios Starts $7.4B Chinese Theme Park Construction in Beijing

  | Oct 31, 2016 08:15 AM EDT

Shanghai Disneyland is soon to face another rival as construction of a $7 billion Universal Studios theme park has reportedly started in Beijing, state media reported on Monday. read more

Gas Explosion Traps 33 Coal Miners in China's Chongqing: Report

  | Oct 31, 2016 06:52 AM EDT

At least 33 people were trapped after a gas explosion ripped through a coal mine in southwestern China's Chongqing on Monday, Chinese media reported. read more

China Now Welcomes Private Capital for Civilian Airport Market

  | Oct 31, 2016 06:18 AM EDT

China's civilian airport market has now been made fully accessible to private capital after the national aviation authority issued on Sunday sweeping rights-granting guidelines, official media reported. read more

Shanghai Electric Acquires Controlling Stake in Pakistan's K-Electric

  | Oct 31, 2016 05:45 AM EDT

China's Shanghai Electric Power firm will buy a $1.77 billion controlling stake in K-electric, Pakistan's largest and only vertically integrated power utility, the Abraaj Group announced on Sunday. read more

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