Business

China Think-Tank Lowers 2016 Economic Forecast

Marcel Woo   | Jun 20, 2016 08:10 PM EDT

China's economic growth this year will be dragged down by the slower than expected global demand recovery, according to the China International Capital Corp (CICC). read more

China and Germany Boost Cooperation to Improve Technology

Janice Cai   | Jun 21, 2016 06:46 AM EDT

German Chancellor Angela Merkel's visit to China is a strong testament to Germany's commitment to working with China to develop a better economy. Merkel has been the most frequent Western diplomat visitor to China. read more

China’s Stock Market Regulator Tightens Scrutiny on IPOs

Girish Shetti   | Jun 19, 2016 11:39 AM EDT

China's stock market regulator China Securities Regulatory Commission (CSRC) on Friday announced new set of rules for Initial Public Offering (IPO), tightening the scrutiny over IPO in a bid to weed out any unqualified share issued by new and existing companies. read more

Beijing Bans iPhone 6 Because it is too Similar to Chinese Smartphone

Manthan Chheda   | Jun 18, 2016 01:05 AM EDT

Intellectual property regulators in Beijing have ordered Apple to stop selling the iPhone 6 and iPhone 6 Plus models in the city as it bears a striking resemblance to a Chinese smartphone. read more

Walt Disney Hopes for a Fairy Tale in China

ALVIN MUNENE   | Jun 18, 2016 12:04 AM EDT

Walt Disney’s chief executive has hailed China’s "incredible potential." Speaking during this week’s opening of Shanghai Disneyland, Bob Iger said the brand gives the entertainment Monolith a chance to boost its image in the world’s biggest film market. read more

Kuka Wants Assurance of Job Protection From China’s Midea Group: Sources

Girish Shetti   | Jun 17, 2016 04:23 AM EDT

German based company Kuka wants a firm assurance from China's Midea Group on job protection and preservation of all physical sites after its proposed takeover of the robotic company. read more

Alibaba’s Jack Ma Claims Counterfeit Products are of Better Quality Than Original

Rina S.   | Jun 16, 2016 07:59 PM EDT

Alibaba founder Jack Ma has stirred controversy after stating that Chinese-manufactured counterfeit goods are now even better than the genuine products they are imitating. His statement has complicated the efforts being made to weed out fakes from Alibaba's platforms such as TaoBao. read more

WWE Aiming to Ramp up its Presence in China

Girish Shetti   | Jun 16, 2016 07:51 PM EDT

World Wrestling Entertainment (WWE), which is known for its scripted wrestling matches, is looking to ramp up its presence in the lucrative Chinese market as it aims to tap into the country's rising middle-class population. read more

Disney CEO Bob Iger Says China has 'Incredible Potential,' as Shanghai Disney Resort is Launched

Girish Shetti   | Jun 16, 2016 11:23 AM EDT

Ahead of the much anticipated opening of Shanghai Disney Resort, Disney's CEO Bob Iger said on Wednesday that Disneyland's launch offers an "incredible potential" to boost its brand in the world's second largest economy. read more

China’s Wanda Group Inks Deal With International Basketball Federation (FIBA)

Girish Shetti   | Jun 16, 2016 09:44 AM EDT

Chinese real estate and entertainment conglomerate Dalian Wanda Group has signed a marketing agreement with International Basketball Federation (FIBA), the governing body of international basketball. read more

President Xi to Push for Factories, Infrastructure Investments During 3-Nation Visit

Desiree Sison   | Jun 16, 2016 09:18 AM EDT

Building factories and embarking on infrastructure projects overseas will be on top of the agenda for President Xi Jinping when he travels to Central Asia and Eastern Europe starting on June 17, according to Chinese assistant foreign minister Li Huilai. read more

Didi Chuxing Raises $7.3B to Keep Uber out of China

Kat De Guzman   | Jun 16, 2016 08:14 AM EDT

In an attempt to stop Uber from coming to China, Didi Chuxing Technology Co - the Chinese car-hailing app - has announced that it was able to raise $7.3 billion from its latest fundraising campaign. read more

Panama Papers Update: Mossack Fonseca Computer Technician Detained for Allegedly Removing Large Data From System

Kat De Guzman   | Jun 16, 2016 03:28 AM EDT

A computer technician was arrested at the Geneva branch of the Mossack Fonseca law firm that is tied to the Panama Papers scandal, as he allegedly removed large amounts of data from the company's system. read more

China Need to Take Constructive Steps to Tackle Corporate Debt, Says Top Economist

Girish Shetti   | Jun 15, 2016 01:15 PM EDT

China's rising debt problem is considerably offset by its high saving rate, but steps need to be taken to control exceptionally high corporate liabilities, a leading government economist said on Wednesday. read more

China Stocks Face Setback as MSCI Keeps Them out of Emerging Market Indices

Rina S.   | Jun 15, 2016 01:24 PM EDT

Chinese stocks have been denied entry to international stock benchmarks by MSCI Inc. The move will come as a blow to investors looking to invest in the world's second-largest economy. MSCI cited concerns about access to Chinese markets as a reason for the non-inclusion. This is the third such decline by MSCI. read more

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