Business

US Questions China's Taxes on Imported Aircrafts

Charissa Echavez   | Dec 09, 2015 09:18 AM EST

The United States has accused Beijing of bias treatment against foreign-manufactured aircrafts. The People's Republic has allegedly violated international trading laws, and the American government will be bringing the trade dispute case to the World Trade Organization. read more

Elephant Ivory Price Drops; Sign of Waning Chinese Demand?

Ryan General   | Dec 09, 2015 08:58 AM EST

Recent reports indicate that demand for illegal ivory may have dwindled in the past year and a half. According to a study by group Save the Elephants, the current lower price of ivory may be a signal of its waning demand. This is a good sign in the fight against elephant poaching and illegal ivory trade. read more

Wal-Mart's Imports from China Cost US 400,000 Jobs

Staff Reporter   | Dec 09, 2015 07:49 AM EST

A study has shown that 400,000 jobs in the United States have been lost due to Chinese goods imported by Wal-Mart Stores, Inc. read more

China's Foreign Exhchange Reserve is at its Lowest in Nearly 3 Years

Alexis Villarias   | Dec 09, 2015 06:37 AM EST

China's massive foreign exchange reserve has reached its lowest point since 2013. The country's big pile of cash is apparently dwindling fast. read more

China to be World's Biggest Market for Movies Within 3 Years

Carlos Castillo   | Dec 08, 2015 10:05 AM EST

China is poised to become the world's biggest and most lucrative market for motion pictures over the next three years as its increasingly affluent population is expected to spend more and more money on movie tickets, according to the BBC. read more

China Tourism Industry Slowly Picks up After Five-Year Decline

Desiree Sison   | Dec 08, 2015 08:13 AM EST

The number of overseas tourists visiting China surpassed 100 million in the first ten months of this year, according to a report released by China Tourism Academy. read more

Alibaba to Rake in $15.61 Billion From High-End Goods

Desiree Sison   | Dec 08, 2015 06:46 AM EST

E-commerce giant Alibaba is leveling up its products by including more high-end goods in a bid to boost the sagging image of its online marketplace after being accused of selling low quality and fake signature items. read more

Taiwan Semiconductor Manufacturing Company to Open Plant in China

Staff Reporter   | Dec 08, 2015 06:17 AM EST

Taiwan Semiconductor Manufacturing Company Ltd. has reportedly submitted an application to Taiwan's Ministry of Economic Affairs to open a plant in China. read more

Top Consumer Brands in China

Staff Reporter   | Dec 07, 2015 10:37 AM EST

The consumer market in China is one of the biggest in the world. Reports indicate that currently, an American brand is topping the list of the most popular brands in the Chinese market. read more

China, Africa Technology Companies Seek Business Growth in African Market

Desiree Sison   | Dec 07, 2015 03:28 AM EST

Chinese and African technology companies are excited over the business potential in Africa after Chinese President Xi Jinping unveiled a 10-point initiative that will be supported by the $60 billion stimulus package Beijing pledged to develop Africa. read more

Tesla Initiates Voluntary Recall of Model S Sedans Due to Faulty Seat Belts

Charissa Echavez   | Dec 06, 2015 07:49 AM EST

Tesla will be recalling more than 7000 battery-operated Model S sedan out of the Chinese market, and more than 90,000 across the globe, because of reportedly faulty seat belts. read more

Samsung Agrees to Settle Apple Patent Case for $548M

Charissa Echavez   | Dec 06, 2015 07:28 AM EST

After nearly 5 years of fighting, it looks like Samsung is coming to terms with its rival Apple. The company said they are paying a little over half of the original patent claim of $1 billion to the iPhone maker - $548M. read more

SABMiller Recalls a Million Carlton Dry Beers Due to Broken Glass

Charissa Echavez   | Dec 05, 2015 09:12 PM EST

Australia-based beer manufacturer SABMiller Plc took back millions of bottles of beer that allegedly contain broken glass. read more

China's Own World Bank to Debut January Amid US' Doubts

Ryan General   | Dec 05, 2015 08:19 PM EST

The China-backed Asian Infrastructure Investment Bank (AIIB) is set to open in January and is planning to lend US$10 billion -$15 billion per year to start, Mr. Jin, the man in charge of the launch, said Thursday. This is amid concerns raised by the United States about whether or not the AIIB would have appropriately high criteria on governance and environmental and social precautions. read more

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