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Girish Shetti

New Zealand Downplays Implications of Steel Dumping Complaint Against China

Jul 19, 2016 08:42 AM EDT

New Zealand Prime Minister John Key has downplayed the possibility of a trade retribution after local steel manufacturers lodged a steel dumping complaint against Chinese imports.

China Will Conduct 3-day Military Drill in South China Sea: Report

Girish Shetti |

Jul 18, 2016 04:06 PM EDT

China will be conducting a three-day military drill in the South China Sea this week, Chinese state media said, citing the Maritime Safety Agency (MSA).

Baidu Invests in US Fintech Startup ZestFinance

Girish Shetti |

Jul 18, 2016 12:28 PM EDT

Baidu said on Monday that it has made an investment in US fintech startup company ZestFinance, marking its second investment in a US-based fintech startup company within a month.

China Sacks 3 Officials After Nepartak Leaves 83 Dead in Fujian Province

Girish Shetti |

Jul 18, 2016 08:49 AM EDT

China has fired three officials for poor disaster management to cope with super Typhoon Nepartak, which killed dozens of people and caused severe economic losses in east China's Fujian province last week.

Leaders at Asia–Europe Meeting Fail to Mention South China Sea Dispute in Official Statement

Girish Shetti |

Jul 18, 2016 07:16 AM EDT

Leaders at the 11th Asia-Europe Meeting (ASEM) issued a final statement on Saturday before concluding the annual regional summit in Mongolia. The regional summit, which brings together key European and Asian countries together, did not directly mention the critical South China Sea issue in the final statement.

Samsung Electronics in Negotiation to Pick up Minority Stake in BYD: Report

Girish Shetti |

Jul 17, 2016 08:23 AM EDT

South Korean electronic major Samsung is negotiating with Chinese electronic car maker BYD to pick up minority stake in the company, as Samsung seeks to expand its horizon in the lucrative automobile industry.

2 Corrupt Ex-Officials Return to China From Foreign Countries to Face Charges

Girish Shetti |

Jul 16, 2016 08:19 AM EDT

Two Chinese ex-officials, who had fled the country after being named as suspects in corruption probes, have returned to China to face trail, China's anti-graft watchdog said on Friday.

China Tells Japan to Stay Away From South China Sea Dispute

Girish Shetti |

Jul 16, 2016 07:33 AM EDT

China on Friday warned Japan against interfering in the South China Sea row, as Beijing continues to beef up its diplomatic efforts in the wake of the Hague-based Permanent Court of Arbitration's verdict on the maritime dispute.

China's Economy Grows by 6.7% in Second Quarter, Beats Analysts Expectations

Girish Shetti |

Jul 15, 2016 10:56 AM EDT

The Chinese economy grew by 6.7 percent in the second quarter of the current financial year, according to data released by National Bureau of Statistics.

Yum Brands Raises Profit Outlook as Business Rebounds in China

Girish Shetti |

Jul 15, 2016 08:35 AM EDT

Buoyed by strong sales in China, Yum Brands has raised its profit outlook for the full year. This may signal a change of the company's fortune in the important Chinese market, where Yum's profits have been affected by series of food scandals in recent years.

Chinese Premier Arrives in Mongolia to Boost Bilateral Relations

Girish Shetti |

Jul 15, 2016 08:20 AM EDT

Chinese Premier Li Keqiang arrived in Mongolia's capital city Ulaanbaatar on Wednesday to start his diplomatic visit to the land locked country, where he will also be attending the 11th Asia-Europe Summit later this week.

Tencent to Acquire China Music Corporation

Girish Shetti |

Jul 15, 2016 08:14 AM EDT

China's Internet conglomerate Tencent Holdings is set to become a majority stakeholder in one of China's leading music streaming companies, a move that will make Tencent a dominant player in China's lucrative music streaming industry.

India Supports China on South China Sea Case, Chinese State Media Claims

Girish Shetti |

Jul 14, 2016 08:05 AM EDT

China Daily, Chinese state-run newspaper, on Wednesday, published a world map showing countries that support and also countries that do not support China's stand on South China Sea case.

China’s Export Declined Sharply in June on Account of Weak Global Demand

Girish Shetti |

Jul 14, 2016 07:54 AM EDT

China's export declined steeply in the month of June as weak global demand and international economic uncertainties continues to affect the world's second largest economy.

China Railway Construction Corporation to Invest in India.

China Railway Construction Corporation Plans to Invest in Indian Highway Projects

Girish Shetti |

Jul 13, 2016 02:45 PM EDT

China Railway Construction Corporation (CRCC) - China's largest rail and road construction company - has expressed keen interest in investing in India's highway projects. This is in response to the Indian government's sustained effort to attract global investor's interest to its struggling infrastructure sector.