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Girish Shetti

Japan PM Provokes China, Sends Ritual Offering to Yasukuni Shrine

Aug 15, 2016 06:06 AM EDT

Japanese Prime Minister Shinzo Abe sent a ritual offering to historical Yasukuni Shrine on Monday to mark the anniversary of Japan's World War Two defeat.

No Licenses to new Non-bank Payment Agencies.

China’s Central Bank to Stop Issuing Licenses to new Non-Bank Payment Agencies

Girish Shetti |

Aug 14, 2016 04:33 PM EDT

China's central bank said on Friday that it would stop issuing licenses to new non-bank payment agencies as regulators seek to efficiently regulate the fast-expanding non-banking payment industry.

China Will not Conduct Land Reclamation on Scarborough Shoal Before G20 Summit: Report

Girish Shetti |

Aug 14, 2016 09:24 AM EDT

China will refrain from conducting reclamation work on the Scarborough Shoal in the disputed South China Sea ahead of a G20 Summit that will be held in Hangzhou next month.

China's Foreign Minister Wang Yi's Visit to India,

India Raises Masood Azhar and NSG Issues With Chinese Foreign Minister

Girish Shetti |

Aug 14, 2016 08:59 AM EDT

India's External Affairs Minister Sushma Swaraj on Saturday conveyed India's disappointment over several issues to her Chinese counterpart Wang Yi, including China's recent snub on its attempt to blacklist Masood Azhar and Beijing's impeding New Delhi's attempt to secure Nuclear Supplier's Group (NSG) membership.

Alibaba Bets big on Indian e-Commerce Company Paytm

Girish Shetti |

Aug 13, 2016 03:08 PM EDT

Chinese e-commerce giant Alibaba Group is planning to bet big on its investment in Indian e-commerce company Paytm.

China's Wang Zhen and Cai Zelin Win Medals.

China’s Wang Zhen and Cai Zelin win Gold and Silver Medals in Men's 20km Walk

Girish Shetti |

Aug 13, 2016 02:46 PM EDT

China won two medals in the 20-kilometer walk event at Rio Olympics on Friday, with Wang Zhen securing gold and his teammate Cai Zelin winning the silver medal.

1 Million People Have Visited Shanghai Disney Resort Since its Official Opening

Girish Shetti |

Aug 13, 2016 02:30 PM EDT

The Shanghai Disney Resort has welcomed more than one million visitors since its much-anticipated opening on June 16. Walt Disney has described the number of visitors as highly encouraging, China Daily reported.

China to Impose Tough Environmental and Energy Efficiency Standards to Tackle Overcapacity

Girish Shetti |

Aug 13, 2016 02:14 PM EDT

To overcome overcapacity across key Industrial sectors, the Chinese government has decided to impose stricter environmental, safety, and energy efficiency standards, Reuters reported.

NSG Door for India not 'Tightly Closed': Chinese Media

Girish Shetti |

Aug 13, 2016 02:06 PM EDT

Barely a month after China blocked India's entry into the Nuclear Supplier Group (NSG), China's state-run media Xinhua news agency said on Friday that the door to India's admission into the elite nuclear club is not "tightly closed," Times of India reported.

India is Free to Take a Position on the South China Sea Dispute: China Foreign Ministry

Girish Shetti |

Aug 13, 2016 11:30 AM EDT

China's Foreign Minister Wang Yi said on Friday that India is free to decide where it stands on the South China Sea dispute, Times of India reported.

Alibaba’s Revenue Boosted by Mobile Growth and International Sales

Girish Shetti |

Aug 12, 2016 12:53 PM EDT

Chinese e-commerce giant Alibaba has smashed market expectations in the second quarter by posting its best-ever revenue since being listed on the American stock exchange in the late 2014.

Powerful Explosion in Power Plant in China’s Dangyang City Kills 21 People

Girish Shetti |

Aug 12, 2016 12:11 PM EDT

A powerful blast at a power plant in Dangyang city in China's central province has left at least 21 people dead and five others injured.

JD.com Second Quarter Result Meets Market Expectation

Girish Shetti |

Aug 11, 2016 03:03 PM EDT

JD.com Inc, China's second-biggest e-commerce company, succeeded in trimming its net loss substantially while posting a solid growth in its net profit in the second quarter.

Canada to Negotiate With China Over Canola Quality Issue

Girish Shetti |

Aug 11, 2016 12:52 PM EDT

Officials from the Canadian government are currently in Beijing to persuade China to reconsider its plan to toughen its quality standard for canola shipments from Canada.

Weibo Smashes Second Quarter Result with 516 Percent Increase in Net Profit

Girish Shetti |

Aug 10, 2016 07:54 PM EDT

The second quarter result of Weibo Corp, the Chinese equivalent of Twitter, has beaten market estimates. The company announced on Monday that its net profit grew five folds in the second-quarter.