Business

GE Remains Bullish on Opportunities in China Despite Economic Slowdown

Girish Shetti   | Jul 20, 2016 12:45 PM EDT

American multinational conglomerate General Electronics is still upbeat about growth opportunities in the Chinese economy despite growing concerns over the country's economic slowdown and the Chinese government's ongoing anti-corruption campaign. read more

China's Soybean Imports Poised to Decline for the First Time in 15 Years: Report

Charissa Echavez   | Jul 20, 2016 08:25 AM EDT

Imports of soybeans in China may decline for the first time in 15 years next season, according to researcher Oil World read more

China Film Co. to Raise Capital Through Entertainment Industry’s Biggest IPO

Girish Shetti   | Jul 20, 2016 08:34 AM EDT

China's largest movie distribution company China Film Co is planning to raise 4.09 billion Yuan ($611 million) through its initial public offering (IPO), making it the biggest IPO ever in country's entertainment industry. read more

Hong Kong's Y.T. Realty Group Acquires London Travelodge for $55.4M

Charissa Echavez   | Jul 20, 2016 07:11 AM EDT

Chinese property magnate Y.T. Realty Group has acquired a central London Travelodge for around $55.4 million, another manifestation that foreign buyers are in haste to scoop up UK assets following the Brexit vote. read more

China to Allow Foreign Firms to set up Steel Manufacturing Plants in 4 Free Trade Zones

Girish Shetti   | Jul 19, 2016 04:02 PM EDT

The Chinese government plans to allow foreign companies to set up wholly-owned steel manufacturing plants in four free trade zones (FTZ), according to a circular issued by the State Council. read more

New Zealand Downplays Implications of Steel Dumping Complaint Against China

Girish Shetti   | Jul 19, 2016 08:42 AM EDT

New Zealand Prime Minister John Key has downplayed the possibility of a trade retribution after local steel manufacturers lodged a steel dumping complaint against Chinese imports. read more

Alibaba Expands Operation to Australia

Ellie Froilan   | Jul 19, 2016 08:35 AM EDT

Alibaba is planning to expand its operation to Australia and New Zealand. read more

JK International to Open More 'K-Beauty' Stores Across China

Charissa Echavez   | Jul 19, 2016 03:28 PM EDT

South Korean OEM facial masks producer JK International is planning to install more 'K-beauty' shops across China starting in Shandong Province's Weihai. read more

Macquarie-Backed China Resources to Acquire GenesisCare for $1.7B: Reports

Charissa Echavez   | Jul 19, 2016 03:10 PM EDT

Macquarie-backed China Resources is set to purchase cancer and cardiac service provider GenesisCare for $1.7 billion, Street Talk revealed on Monday. read more

India Still has a Long way to go to Catch up With China, India’s top Banking Regulator Says

Girish Shetti   | Jul 19, 2016 02:15 PM EDT

India's top banking regulator Raghuram Rajan on Monday said India still has a long way to go to catch up with China's impressive economic growth, which can be attained only through years of unrestrained growth. read more

China's Baidu Brushes off AC Milan Acquisition Rumors: Report

Charissa Echavez   | Jul 19, 2016 01:29 PM EDT

China's Baidu Inc. brushed has off allegations that it is playing a part in the AC Milan deal, denying state-owned CCTV report on Friday that its billionaire Chairman Li Yanhong is involved in a group close to acquiring a 70 percent stake in the Serie A team for $437 million. read more

United Airlines Introduces Non-Stop Flight From San Francisco to Hangzhou

Charissa Echavez   | Jul 19, 2016 10:21 AM EDT

United Airlines launched a three-times-a-week, non-stop service from San Francisco, USA, to the southeast Chinese city of Hangzhou, on Wednesday, July 13, marking the airline's fifth city in mainland China and 14th in the Asia/Pacific region. read more

China Eastern Airlines Boost In-Flight Connectivity With Panasonic Avionics

Charissa Echavez   | Jul 19, 2016 10:08 AM EDT

China Eastern Airlines is working with Panasonic Avionics to provide broadband connectivity to 84 of its aircrafts. read more

China Will Conduct 3-day Military Drill in South China Sea: Report

Girish Shetti   | Jul 18, 2016 04:06 PM EDT

China will be conducting a three-day military drill in the South China Sea this week, Chinese state media said, citing the Maritime Safety Agency (MSA). read more

Baidu Invests in US Fintech Startup ZestFinance

Girish Shetti   | Jul 18, 2016 12:28 PM EDT

Baidu said on Monday that it has made an investment in US fintech startup company ZestFinance, marking its second investment in a US-based fintech startup company within a month. read more

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