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Charissa Echavez

Lufthansa And Airbus Present New A350 Passenger Plane

Airbus: China's Aircraft Demand to Reach Nearly $1 Trillion in 20 Years

Nov 01, 2016 09:30 PM EDT

Aircraft maker Airbus Group revealed on Tuesday its 20-year forecast for China's aircraft demand, with the country estimated to need about 6,000 aircraft worth $945 billion, the company said at the Zhuhai air show.

In this handout image supplied by Host photo agency / RIA Novosti, Ka-27PL helicopters during a rehearsal of the military parade to mark the 70th anniversary of Victory in the 1941-1945 Great Patriotic War, May 7, 2015 in Baltiysk, Russia.

Airshow China 2016: Russian Helicopters to Sell 18 Choppers to China

Charissa Echavez |

Nov 01, 2016 08:49 PM EDT

Russian Helicopters, a subsidiary unit of Russia's state technology holding Rostec, has closed a deal with China, selling at least 18 helicopters including Mi-171s, Ka-32s, and Ansat.

Chinese funding project estimated to cost US$ 104.3 million, Lotus Tower stands over the lake on October 15, 2015 in Colombo, Sri Lanka.

Sri Lanka to Sell 80% Hambantota Port Stake to a Chinese Firm

Charissa Echavez |

Nov 01, 2016 06:50 AM EDT

Sri Lanka is set to sell an 80 percent stake of its Hambantota port in its south to a Chinese company, an attempt to cut its debt burden, Ravi Karunanayake, the country's finance minister, said.

Chinese rescuers rest after a rescue mission at the Shenlong Coal Mine July 11, 2005 in Fukang County of Xinjiang Uygur Autonomous Region, northwest China.

Update: At Least 13 Dead, 20 Missing in Chongqing's Coal Mine Explosion

Charissa Echavez |

Nov 01, 2016 05:02 AM EDT

Thirteen people were killed and another 20 missing after an explosion in a coal mine occurred in China's Chongqing, state media reported.

Apple has now included China’s Alipay as one of its payment method options for iTunes.

Apple Now Accepts Alipay Payments from Chinese Users

Charissa Echavez |

Nov 01, 2016 03:36 AM EDT

Apple has now included China's Alipay as one of its payment method options for iTunes.

Chinese smartphone maker OnePlus believes India will surpass China as its world’s largest market as early as next year.

OnePlus: India to Beat China as Biggest Market in 2017

Charissa Echavez |

Nov 01, 2016 01:14 AM EDT

Chinese smartphone maker OnePlus sees India to surpass China as its world's largest market as early as next year, Pete Lau, the company's CEO, told TOI.

Alibaba to Raise $1.5B Cultural, Entertainment Investment Fund

Charissa Echavez |

Nov 01, 2016 12:24 AM EDT

Alibaba Group Holding announced on Monday its plan to raise 10 billion yuan ($1.5 billion) to target China's cultural and entertainment industries and establish a separate cultural and entertainment group.

Tourists come to look at the rime scenery on an island along the Songhua River on January 10, 2016 in Jilin City, Jilin Province of China.

China Anticipates Coldest Winter since 2012

Charissa Echavez |

Oct 31, 2016 11:36 PM EDT

The coldest winter since 2012 is coming in China, particularly the northeastern and northwestern parts of the country, meteorologists said on Monday.

People ride amusement park rides at Coney Island on March 29, 2015 in New York City.

China to Have World's Biggest Theme Park Market by 2020: Report

Charissa Echavez |

Oct 31, 2016 10:27 PM EDT

China's theme park industry is poised to become the biggest in the world by the end of the decade, South China Morning Post reported citing analysts.

Global 600 jet manufactured by Bombardier aircraft is displayed at the Singapore Airshow on February 13, 2014 in Singapore.

Bombardier Makes C Series Aircraft Debut in Airshow China

Charissa Echavez |

Oct 31, 2016 09:54 PM EDT

Bombardier Commercial Aircraft has launched its CS300 jetliner, the second CS300 flight test vehicle, in Zhuhai, China.

Farm labourers pick tea leaves at a tea plantation on March 9, 2007 in the outskirts of Chongqing Municipality, China.

China Promotes Standardizing Transfer of Farmland Use Rights

Charissa Echavez |

Oct 31, 2016 09:37 AM EDT

China announced a policy on Sunday promoting and standardizing the transfer of the right to use farmland from rural citizens to commercial entities.

Universal Studios starts the construction of its $7.4 billion Beijing theme park.

Universal Studios Starts $7.4B Chinese Theme Park Construction in Beijing

Charissa Echavez |

Oct 31, 2016 08:15 AM EDT

Shanghai Disneyland is soon to face another rival as construction of a $7 billion Universal Studios theme park has reportedly started in Beijing, state media reported on Monday.

At least 33 people were trapped after a gas explosion ripped through a coal mine in southwestern China’s Chongqing on Monday.

Gas Explosion Traps 33 Coal Miners in China's Chongqing: Report

Charissa Echavez |

Oct 31, 2016 06:52 AM EDT

At least 33 people were trapped after a gas explosion ripped through a coal mine in southwestern China's Chongqing on Monday, Chinese media reported.

Aircraft are seen at the Beijing Capital International Airport on November 23, 2015 in Beijing, China.

China Now Welcomes Private Capital for Civilian Airport Market

Charissa Echavez |

Oct 31, 2016 06:18 AM EDT

China's civilian airport market has now been made fully accessible to private capital after the national aviation authority issued on Sunday sweeping rights-granting guidelines, official media reported.

China’s Shanghai Electric Power firm will buy a $1.77 billion controlling stake in Pakistan's K-electric.

Shanghai Electric Acquires Controlling Stake in Pakistan's K-Electric

Charissa Echavez |

Oct 31, 2016 05:45 AM EDT

China's Shanghai Electric Power firm will buy a $1.77 billion controlling stake in K-electric, Pakistan's largest and only vertically integrated power utility, the Abraaj Group announced on Sunday.