Girish Shetti
Hyundai and Kia Motors China Sales Suffer due to THAAD Tension: Report
| Girish Shetti | | Apr 04, 2017 03:39 AM EDT |
The THAAD impasse continues to take a toll on South Korean companies operating in China. The latest to bear the brunt is Hyundai Motors and its sister company Kia Motors, which has been forced to cut down on its production target in the Chinese markets due to a slump in sales.
Trump Warns China That U.S. is Ready to Fight all Alone Against North Korea
| Girish Shetti | | Apr 03, 2017 03:13 PM EDT |
U.S. President Donald Trump has given an upfront warning to China that the U.S. is ready to tackle the North Korea issue all alone if Beijing does not take a tough stance against its embattled communist ally. The warning comes barely days before Trump is supposed to host the Chinese President Xi Jinping at his real estate mansion in South Florida.
New Special Economic Zone in the Outskirts of Beijing Leaves Real Estates Prices Soaring
| Girish Shetti | | Apr 03, 2017 01:29 PM EDT |
China has announced that it will develop a special economic zone (SEZ) in one of the sleepy districts of Hebei province. This new SEZ, which will be located nearly 100 kilometers away from capital Beijing, is expected to revitalize the sluggish economy and minimize the burden on the over-populated city.
Norway PM to Visit China After Tension Over Noble Peace Prize Fiasco Cools Down
| Girish Shetti | | Mar 31, 2017 06:47 AM EDT |
Norwegian Prime Minister Erna Solberg will arrive in China next week to hold discussions with President Xi Jinping on A host of bilateral issues, Norway said on Friday. The visit is likely to prove a big step in normalizing the bilateral ties after both countries decided to restore their diplomatic ties last year.
Trump’s Tough Trade Tweets Raise Tension Ahead of Xi Meeting
| Girish Shetti | | Mar 31, 2017 06:40 AM EDT |
U.S. President Donald Trump on Thursday again resorted to his trademark tweets to rake up the trade issues with Beijing ahead of his next week meeting with Chinese President Xi Jinping. Trump's tough trade tweets came barely hours after China officially confirmed Xi and Trump's meeting on April 6 and 7 in Florida.
China’s Energy Giant CEFC to Acquire 20 Percent Stake in Brokerage Firm Cowen Group
| Girish Shetti | | Mar 31, 2017 06:18 AM EDT |
Chinese conglomerate CEFC China Energy has announced its plan to buy a 20 percent stake in the American financial services Cowen Group for $100 million. Both companies have described the deal as part of the "long-term strategic investment."
China Issues Tough Rules to Nail Growing Extremism in Xinjiang
| Girish Shetti | | Mar 30, 2017 05:30 PM EDT |
China is set to implement a new set of tough rules to keep a check on religious extremism in the Muslim-dominated region of Xinjiang, located in the country's far western region. These new sets of rules, which will be reportedly implemented from April 1, are seen as a countermeasure to a recent spike in insurgency violence in the region.
China's President Xi to meet U.S. President Donald Trump for the First Time in Florida Next Month
| Girish Shetti | | Mar 30, 2017 05:22 PM EDT |
Chinese President Xi Jinping will travel to the United States to hold a special meeting with U.S. President Donald Trump between April 6 to 7, Chinese foreign ministry confirmed on Thursday. This is the first official confirmation of the highly anticipated meeting amid media reports that the two powerful leaders may meet soon.
China to Host First Ever Pre-Season NHL Games in September
| Girish Shetti | | Mar 30, 2017 02:11 AM EDT |
The National Hockey League (NHL) will make an official debut in China in September with two pre-season games between Los Angeles Kings and Vancouver Canucks, NHL Commissioner Gary Bettman announced on Thursday in Beijing.
US Department Employee Accused of Spying for Chinese Intelligence Agencies
| Girish Shetti | | Mar 30, 2017 02:06 AM EDT |
A veteran US department employee on Wednesday was charged by the FBI about concealing her contacts with Chinese intelligence agents, who allegedly offered her financial rewards in exchange of the sensitive information's.
India’s Oppo Employees hold Public Protest after Chinese Employees Allegedly insults Indian Flag
| Girish Shetti | | Mar 29, 2017 09:58 AM EDT |
The Indian regional office of Chinese smartphone manufacturers Oppo witnessed a massive protest by its workers on Tuesday, after one of its Chinese employees allegedly disrespected the Indian national flag.
China Lodges Protest after French Police Fatally Shot A Chinese Man
| Girish Shetti | | Mar 29, 2017 05:45 AM EDT |
France said on Tuesday that it has launched an official investigation into the death of a Chinese man, who was shot dead by French police earlier this week at his Paris home.
Indian Terror Group Warns Dalai Lama: Avoid making anti-China Statements During Assam Visit
| Girish Shetti | | Mar 29, 2017 04:15 AM EDT |
India's banned terror group United Liberation Front of Asom-Independent (ULFA-I) has issued a dire warning to the the Dalai Lama to avoid making anti-Chinese statements during his visit to Assam next month.
Tencent Snaps up Five Percent Stake in Elon Musk’s Tesla
| Girish Shetti | | Mar 29, 2017 04:12 AM EDT |
Tencent has picked up a five percent stake in American electric car manufacturer Tesla. The Chinese internet giant has reportedly bought nearly 8.2 million shares in Tesla.
American Airlines Acquires Minority Stake in China Southern Airlines
| Girish Shetti | | Mar 28, 2017 05:31 AM EDT |
China Southern Airlines Co. announced on Tuesday that it has agreed to sell more than two percent stake to American Airlines for approximately $200 million. The deal makes the American Airlines the second U.S. carrier to own a minority stake in Chinese carrier after Delta Air Lines picked up a 3.55 percent stake in China Eastern Airlines in 2015.
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