Business

GM Recalls Additional 480,000 Cars

Christl Leong   | Jun 30, 2014 04:37 AM EDT

General Motors announced on Friday that it would recall additional 480,000 vehicles worldwide. read more

GSK Exec’s Sex Video Deepens Bribery Probe

Bianca Ortega   | Jun 30, 2014 04:09 AM EDT

A sex video of GlaxoSmithKline (GSK) China executive Mark Reilly brought a new twist to an on-going bribery probe into the British drug maker's operations in China. read more

Chinese Gold Bullion Firms Defrauded Beijing Of US$15 billion

Arthur Dominic Villasanta   | Jun 30, 2014 04:28 AM EDT

China's National Audit Office's has reported that Chinese bullion companies using falsified gold transactions have defrauded the government of US$15 billion. read more

Aereo Deemed Illegal By US Supreme Court

Bianca Ortega   | Jun 26, 2014 07:04 AM EDT

New York-based streaming TV startup Aereo lost a copyright lawsuit filed against it by major network broadcasters when the Supreme Court of the United States (SCOTUS) deemed it to be illegal. read more

Robot Domination: Chinese Factories Expand Automation, Lay Off Workers

Acsilyn Miyazaki   | Jun 26, 2014 06:49 AM EDT

Chinese factories are expanding their use of industrial robots, resulting to more furloughs. read more

Foreign Beijing-Based Firms Affected By Deteriorating Air Quality

Christl Leong   | Jun 25, 2014 02:37 PM EDT

Foreign Beijing-based firms are having a harder time recruiting expatriates because of the deteriorating quality of the air in the city. read more

China Set to Strengthen Wealth Management Development as WMPs Total $2.1 Trillion

Frida Palma   | Jun 24, 2014 08:00 AM EDT

As China’s wealth management products (WMPs) total 12.8 trillion yuan (2.1 trillion USD) in May 2014, authorities vow to draw up security measures that will safeguard people’s financial assets. read more

HSBC: China Factory Sector Picks Up at 50-Level in June

Frida Palma   | Jun 24, 2014 03:03 AM EDT

China continues to strengthen its manufacturing industry as its factory sector recorded an increase in June, the first time in almost half a year, HSBC reported Monday. Beijing’s mini-stimulus policy is seen as the major contributing factor for the improvement in the manufacturing activity of the world’s second-largest economic player. read more

China's Premier Li Leaves Greece, Concludes Fruitful Europe Tour

Kristina Fernandez   | Jun 21, 2014 11:39 PM EDT

Chinese Premier Li Keqiang made major investment deals with Britain and Greece in a recently concluded six-day official trip. read more

Chinese Firm Slapped With $35M Fine by US Government for Selling Cellphone Jamming Devices

Arthur Dominic Villasanta   | Jun 21, 2014 11:31 PM EDT

C.T.S. Technology Co. Ltd., a Chinese firm based in Shenzhen, has been fined US$35 million by the U.S. Federal Communications Commission (FCC) for selling 285 cellphone jamming devices inside the U.S. read more

China Pours Money Into ‘Red Tourism’

Bianca Ortega   | Jun 20, 2014 05:25 AM EDT

China’s government is pouring money into the development of tourist attractions related to the Chinese revolution, boosting the popularity of “red tourism” in the country. read more

Beijing Proposes 12% Average Salary Increase in 2014

Marcel Woo   | Jun 20, 2014 03:44 AM EDT

Workers in Beijing should expect a salary increase of 16 percent at the highest and 4 percent at the lowest after the local government released its suggestive guidelines for average wage increase this year at 12 percent. read more

KFC Revamps Stores In China, Adds Modern Perks

Acsilyn Miyazaki   | Jun 20, 2014 02:11 PM EDT

KFC China plans to remodel its 130 restaurants across the country to cater to diners' taste. read more

Bill Gates and Jack Ma Discuss Charity Works Over Dinner

Acsilyn Miyazaki   | Jun 19, 2014 09:35 PM EDT

Microsoft's Bill Gates and Chinese e-commerce mogul Jack Ma met over dinner on Wednesday to discuss charity works. read more

Japanese Companies Still Looking to Invest in China

Christl Leong   | Jun 19, 2014 02:42 PM EDT

Despite an apparent decrease of Japanese investment in China, the chamber assesses that Japanese companies are still considering China as a viable ground to expand their business. read more

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