Business

China Welcomes Britain's Approval of Controversial Hinkley Point Nuclear Project

Som Patidar   | Sep 17, 2016 09:02 AM EDT

China has welcomed the British government's approval of the Chinese-funded controversial Hinkley Point nuclear project. read more

China’s US Treasuries Holdings at Lowest Level Since 2013

Rina S.   | Sep 17, 2016 08:46 AM EDT

China’s July holding of US treasuries has been reported at the lowest level since 2013. Its holding has decreased for a fourth straight month. China is the biggest US creditor and the US government owes it $1.219 trillion of debt as in July. Japan held $1.155 trillion worth of Treasuries as it retained its position as the second-biggest holder of the bonds. read more

UK Approves $24 Billion Hinkley Point Nuclear Plant Deal Involving Chinese Firm

Staff Reporter   | Sep 17, 2016 08:04 AM EDT

Britain's Prime Minister Theresa May has approved a $24 billion nuclear plant deal, known as Hinkley Point Project. read more

Baidu Receives Permission to Test Self-Driving Cars in California

Ellie Froilan   | Sep 16, 2016 05:02 PM EDT

Baidu has received permission from the state's Department of Motor Vehicles (DMV) to start a trial for its self-driving cars in California. read more

Apple, Samsung Struggle in China's Phone Market

ALVIN MUNENE   | Sep 16, 2016 04:53 PM EDT

Apple is looking to revamp its business in China with the launch of the iPhone 7 on Friday. This comes at a time when its leading competitor--Samsung--is facing a crisis because of the Galaxy Note 7's exploding battery. read more

Seattle is now the top Choice for Chinese Home Buyers

Charissa Echavez   | Sep 16, 2016 03:25 PM EDT

Seattle is becoming the top choice for Chinese buyers for home property investment, driving prices higher. read more

McDonald's Gets 3 Final Bids for China and Hong Kong Outlets

Ellie Froilan   | Sep 17, 2016 07:57 AM EDT

McDonald’s Corp has received three final bids from Carlyle Group (CG), Chinese state conglomerate CITIC Group, and TPG Capital for its China and Hong Kong outlets. read more

British NGO Seeks to Build in-Depth Green Partnerships With China

ALVIN MUNENE   | Sep 18, 2016 08:42 AM EDT

A recent report issued by the Climate Bond Initiative states that the British non-profit organization is seeking to grow its partnership with the Chinese community in green investment and finance. read more

LeEco Acquires Dichotomy Creative Group to Enter Hollywood

Ellie Froilan   | Sep 15, 2016 12:56 PM EDT

LeEco has acquired Dichotomy Creative Group to strengthen its commitment to producing premium content that would make it to Hollywood. read more

Subaru to Call Back Over 13,000 Cars in China

Charissa Echavez   | Sep 16, 2016 10:00 AM EDT

Japanese automaker Subaru will call back 13,336 imported vehicles in China next year because of defective airbags that may pose safety hazards to its passengers. read more

US Files WTO Case Against China Over Farm Subsidies

Rina S.   | Sep 15, 2016 12:25 PM EDT

The US is mounting pressure on China after filing a complaint with the World Trade Organization (WTO) over subsidies provided to wheat, corn, and rice farmers. read more

Ikea to Boost China, India Expansion to Meet Sales Target

Charissa Echavez   | Sep 15, 2016 12:17 PM EDT

The world's largest furniture retailer Ikea plans to boost its expansion in China and open a new store in India as it plans to double its sales by 2020. read more

China's Crude Oil Production Drops to 6-Year Low

Rina S.   | Sep 14, 2016 03:39 PM EDT

China reported a record drop in its crude oil production for the month of August. According to the National Bureau of Statistics, the country's production fell by 9.9 percent from a year ago to 16.45 million tons. The fall main comes due to state energy companies pumping less oil from high-cost fields. read more

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