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Charissa Echavez

Chemical-Related Accidents Killed 199 People in China in 2016: Greenpeace

Sep 22, 2016 10:20 AM EDT

About 200 people died in chemical-related accidents in China between January and August this year, according to data released by Greenpeace on Wednesday.

Postal Bank of China raised more than $7 billion from its IPO on Wednesday in Hong Kong.

Postal Savings Bank of China Raises $7.4B in World's Largest IPO

Charissa Echavez |

Sep 22, 2016 02:35 AM EDT

State-owned Postal Savings Bank of China Co. successfully raised $7.4 billion on Wednesday in Hong Kong, the biggest initial public offering (IPO) in the world in two years.

Bottles of vitamin C are displayed at Vibrant Health April 6, 2009 in San Francisco, California.

Chinese Vitamin C Makers Win Dismissal of a $147M Antitrust Verdict in the U.S.

Charissa Echavez |

Sep 22, 2016 02:22 AM EDT

Two Chinese firms accused of conspiring to increase the prices and lower supply of Vitamin C outside China won dismissal of a $147 million antitrust verdict after a federal court ruled that they they were acting under China's law.

A sign is posted in front of a Marriott hotel on November 16, 2015 in San Francisco, California.

Marriott-Starwood Merger Receives Green Light from China

Charissa Echavez |

Sep 21, 2016 04:19 PM EDT

Marriott International and Starwood Hotels & Resorts Worldwide announced on Tuesday that they have received approval from the Chinese Ministry of Commerce for their merger transaction, the last hurdle to close the deal.

Netflix made no Progress in its China Expansion plan: CEO

Charissa Echavez |

Sep 21, 2016 12:50 PM EDT

Netflix said on Tuesday it had made no progress toward its goal of expanding into China as it needs to obtain a government license, Reed Hastings, the entertainment firm's chief executive officer, said.

Passing cars leave a streak of light as steam rises from the cooling towers of the Grafenrheinfeld nuclear power plant at night on June 11, 2015 near Grafenrheinfeld, Germany.

China to Build 60 New Nuclear Power Plants in Coming Decade

Charissa Echavez |

Sep 21, 2016 12:41 PM EDT

China is planning to allocate $570 billion to build more than 60 nuclear power plants over the next decade.

China's LeEco raised $1.08 billion to develop its electric sports car LeSee.

China's LeEco Raises Over $1B for Electric Sports Car Project

Charissa Echavez |

Sep 21, 2016 11:19 AM EDT

China's web video firm LeEco has raised a staggering $1.08 billion from Chinese investors to develop its LeSee electric sports car.

Coco the Alaskan malamute dog of Wang Sicong, the son of China’s richest man Wang Jianlin, lounging on a stack of eight iPhone 7s.

Son of China's Richest Man Spoils His Dog With 8 Units of Apple's iPhone 7

Charissa Echavez |

Sep 21, 2016 10:07 AM EDT

While many fans are lining up just to get their hands on Apple's latest handset, Wang Sicong, the son of China's richest man Wang Jianlin, bought his dog, Coco the Alaskan malamute, eight units of the iPhone 7 on the day of its release, CNN reported based on photos posted on the dog's official social media account.

Henry Kravis, the co-CEO of private equity firm KKR.

KKR Appoints New Head of Greater China Operations

Charissa Echavez |

Sep 20, 2016 07:27 PM EDT

Private equity firm KKR officially announced today that it had appointed Paul Yang, current President, and CEO of China Development Financial Corp., as its new Head of Greater China starting next year.

Pinewood Studios to Open an Office in China

Charissa Echavez |

Sep 20, 2016 06:59 PM EDT

Pinewood Studios is putting up a representative office in China in response to the country's booming film industry.

Samsung: Galaxy Note 7 Fire Case in China Not Caused by Defective Battery

Charissa Echavez |

Sep 20, 2016 06:32 PM EDT

Samsung Electronics revealed on Monday that its first reported battery explosion case in China was due to external heating, assuring its clients in the world's biggest smartphone market that the units sold there are safe.

China's Fulida Buys Stake in Australian Livestock Exporter Wellard

Charissa Echavez |

Sep 20, 2016 05:38 PM EDT

Fulida Group Holdings Co. has agreed to buy 17 percent of Australia's livestock exporter Wellard on Monday after its CEO Mauro Balzarini sold nearly half of its shares to the Chinese textile maker.

Key Policy Bank to Lend $450B to Modernize China's Agriculture

Charissa Echavez |

Sep 19, 2016 12:06 PM EDT

The Agricultural Development Bank of China has agreed to loan at least three trillion yuan ($450 billion) by the end of the decade to modernize China's agricultural sector, according to Chinese state media.

Two Chinese consortiums are vying against two other large bidders for National Grid's $14.32 billion gas business.

China Gas, Fosun Eye Bid for National Grid's $14.32 Billion Gas Business: Report

Charissa Echavez |

Sep 19, 2016 11:46 AM EDT

State-backed China Gas has joined forces with Club Med owner Fosun to bid for a controlling stake in National Grid's $14.32 billion gas business, which supplies about 11 million homes and businesses in Britain.

Customs Officials Bust iPhone 7 Smugglers in China

Charissa Echavez |

Sep 19, 2016 11:32 AM EDT

Shenzhen Customs officials confirmed on Sunday that more than 400 smuggled units of Apple's iPhone 7 have been confiscated during a joint operation with authorities in Hong Kong. The bust was made last Friday, the start of the three-day Mid-Autumn Festival holiday.