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Ma said that Alibaba has the potential to create thousands of jobs by letting US businesses sell to China.

Alibaba’s Jack Ma Meets Donald Trump, Promises to Create Jobs

Jan 10, 2017 11:49 AM EST

US president elect Donald Trump held a meeting with prominent Chinese entrepreneur Jack Ma in New York. Ma said that Alibaba has the potential to create thousands of jobs by letting US businesses sell to China. Both Trump and Ma agreed that Sino-US relationship needs to be strengthened.

Morgan Stanley, UBS to boost presence in China

S. Rina |

Jan 10, 2017 07:00 AM EST

Morgan Stanley and UBS Group AG are looking to increase their footprints in China. The news is being widely seen as the endorsement of booming a Chinese economy. Both the financial firms plan to boost their holdings in their respective joint ventures in China to permissible 49 percent.

Air China Bans Shark Fin Cargo, Creates History

S. Rina |

Jan 10, 2017 06:41 AM EST

Air China Cargo, a part of Air China, made history after banning shark fin cargo aboard its flights, the first mainland aviation company to do so. Air China Cargo manages cargo shipment on commercial aircraft and freight planes of the airlines.

The legendary investor said that in the coming time, investors should contemplate buying Russia.

Legendary Investor Jim Rogers Picks Russia over China

S. Rina |

Jan 10, 2017 06:31 AM EST

Jim Rogers, co-founder of Quantum Fund with George Soros, has come up with a contrarian advice. The legendary investor said that in the coming time, investors should contemplate buying Russia. He said that the US markets are at their all-time high, making It important to take a look at undervalued markets.

The drop in the value succeeded the meteoric increase in the value of the currency in the past two weeks.

China Warning Causes Bitcoin Value to Plummet

S. Rina |

Jan 09, 2017 09:25 AM EST

Bitcoin showed a deep plunge in its value as Chinese central bank raised concerns about the use of cryptocurrency. The drop in the value succeeded the meteoric increase in the value of the currency in the past two weeks.

The rumored negotiation is likely to take its toll on Donald Trump’s upcoming inauguration proceeds.

Donald Trump’s Son-in-Law Jared Kushner Looks to Strike Chinese Real Estate Deal

S. Rina |

Jan 09, 2017 07:51 AM EST

Despite president elect Donald Trump's anti-China rhetoric, his son-in-law Jared Kushner is reported to be mulling a deal with a Chinese business tycoon. The rumored negotiation is likely to take its toll on Donald Trump's upcoming inauguration proceeds.

During the first three quarters of the year, the domestic economy grew at a steady 6.7 percent pace.

China Believes to have Achieved Economic Growth Rate Target in 2016

S. Rina |

Jan 09, 2017 07:38 AM EST

Chinese vice finance minister Zhu Guangyao expressed his belief that China is confident of having reached Its set target of 6.7 percent economic growth rate in 2016. During the first three quarters of the year, the domestic economy grew at a steady 6.7 percent pace.

The report, released on Friday, called for more thorough scrutiny of Chinese policies.

US Expresses Concerns over China Semiconductor Policy

S. Rina |

Jan 09, 2017 04:14 AM EST

The Obama administration released a report issuing a warning about the impact of Chinese industrial policy on the US chip market. The report, released on Friday, called for more thorough scrutiny of Chinese policies, which may put the US national security at risk.

ANZ Scales Back in Asia, Sells Stake in Shanghai Bank

S. Rina |

Jan 05, 2017 01:05 AM EST

Australian banking giant ANZ Banking Group announced on Tuesday that it will divest its holding in Shanghai Rural Commercial Bank. The step is being seen as the reversal of the bank's earlier aggressive strategy to emerge as a super-regional bank in Asia.

According to the China Foreign Exchange Trade System (CFETS), the number of currencies included in the basket was increased to 24.

China’s Currency Basket Changes Could Make Yuan More Volatile

S. Rina |

Jan 04, 2017 08:44 AM EST

China recently made several changes to its currency basket, which is used for setting the daily value of the currency. According to China Foreign Exchange Trade System (CFETS), the number of currencies included in the basket was increased to 24, up from the previous 13 currencies.

The issues have been resolved under a new global patent licensing scheme.

Qualcomm, Meizu Agree to Settle Patent Dispute

S. Rina |

Jan 03, 2017 09:05 AM EST

Chinese smartphone manufacturer Meizu has agreed to settle its dispute with US mobile chip company Qualcomm under a new global patent licensing scheme. Meizu will pay licensing fee to Qualcomm.

China’s economy showed 6.7 percent growth rate in the third quarter of the previous year.

China Central Bank Advisor Recommends Dynamic Growth Target for 2017

S. Rina |

Jan 02, 2017 05:24 PM EST

A Chinese central bank advisor has called for setting a flexible growth target for 2017. China's economy showed 6.7 percent growth rate in the third quarter of the previous year. The economy is likely to achieve its annual target of 6.5 to 7 percent growth rate.

The company’s managing director in Greater China, Kathy Chen tweeted her decision through 12 messages on the social media site.

Twitter’s China Head Kathy Chen Quits After 8 Months

S. Rina |

Jan 02, 2017 10:42 AM EST

Twitter continues to face issues as its China head announced her departure after assuming the position only 8 months earlier. The company's managing director in Greater China, Kathy Chen tweeted her decision through 12 messages on the social media site.

The country is also expected to further strengthen the punitive measures on illegal currency outflows.

China to Clamp Down on Individual Foreign Currency Transactions

S. Rina |

Jan 02, 2017 09:57 AM EST

China is looking to enhance the surveillance on foreign currency purchases made by individuals. The country is also expected to further strengthen the punitive measures on illegal currency outflows. However, it is likely to keep the current $50,000 annual individual quota intact.

The company is reported to be in talks for potential capital infusion to the tune of $1.4 billion.

Chinese Tech Giant LeEco in Talks to Receive $1.4B Funding

S. Rina |

Dec 29, 2016 10:37 PM EST

Leading Chinese technology company LeEco may get a breather from its ongoing liquidity issues as it is reportedly in talks for a potential capital infusion to the tune of $1.4 billion from an undisclosed potential investor.