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Girish Shetti

China is the World's Biggest Exporter of Fake Products—Report

May 02, 2016 10:07 AM EDT

China tops the list of countries exporting fake and counterfeit goods across the world, according to a joint study conducted by the Organization for Economic Cooperation and Development and the European Union's Intellectual Property Office (EU IPO).

China’s Non-Manufacturing PMI Marginally Drops in April

Girish Shetti |

May 01, 2016 07:22 AM EDT

China's non-manufacturing Purchasing Managers Index (PMI) marginally declined in April to 53.5 from 53.8 in March, the National Bureau of Statistics (NBS) said on Sunday. The non-manufacturing PMI is a measurement of factory activities outside factory floors, mainly in service and real estate sectors.

AIG to Sell Stake in Chinese Insurance Company PICC P&C: Report

Girish Shetti |

Apr 30, 2016 05:22 PM EDT

American International Group (AIG) is planning to offload its stake in Chinese insurance company PICC P&C through a block deal, IFR said on Saturday, citing a term sheet of the deal.

Iron Maiden Faced Censorship Issues in China

Girish Shetti |

Apr 30, 2016 09:17 AM EDT

Abiding by China's strict rules over live performances, popular rock band Iron Maiden had to make some serious changes in their live performance shows that were held in Beijing and Shanghai.

India Asks China to Stop Construction Activities in Pakistani Occupied Kashmir

Girish Shetti |

Apr 30, 2016 06:58 AM EDT

Amid the growing diplomatic row over the 'Masood Azhar issue,' India has now requested that China halts all construction activities in Pakistani Occupied Kashmir (POK).

China Aims to Put Astronaut on Moon by 2036

Girish Shetti |

Apr 29, 2016 05:44 PM EDT

China aims to send an astronaut to the moon by 2036, a senior space official said outlining the latest goal of the country's ambitious space program.

World’s Largest Iron-ore Producer Bullish on China’s Iron Ore Demand

Girish Shetti |

Apr 29, 2016 01:57 PM EDT

Vale SA, the world's largest iron-ore producer, is optimistic that demand for iron ore in the Chinese market will improve this year due to new government policies.

Russis and China Mutually Agree on South China Sea and North Korea Issue.

Russia is one With China on North Korea and South China Sea Issue

Girish Shetti |

Apr 29, 2016 08:09 AM EDT

Russia on Friday support China's stance on critical issues between North Korea and South China Sea as both countries seek to counter US influence in Asian region. Russia's support came after meeting with foreign ministers of both countries in Beijing.

China, Indonesia Pledge to Strengthen Ties Despite South China Sea Tensions

Girish Shetti |

Apr 28, 2016 05:22 PM EDT

China and Indonesia have pledged to boost bilateral ties at the fifth China-Indonesia deputy prime ministerial bilateral dialogue mechanism meeting held in Beijing. The pledge for deeper ties comes despite the recent flare up between the two countries over South China Sea issue.

PSA Peugeot’s Q1 Revenue And Sales Falls as Demand In China Declines

Girish Shetti |

Apr 28, 2016 10:19 AM EDT

French automobile manufacturer PSA - formerly known as PSA Peugeot Citroën - said on Wednesday that its global revenue and sales during the first quarter of the year declined due to poor demand from the Chinese market and currency fluctuation across emerging markets.

Jack Ma is Bidding for Italian Football Club AC Milan: Report

Girish Shetti |

Apr 28, 2016 10:07 AM EDT

China's richest man and founder of e-commerce giant Alibaba Jack Ma is closing in on a takeover of Italian football giant AC Milan, according to newspapers in Italy.

HNA Group Acquire Carlson Hotels for $2 Billion

Girish Shetti |

Apr 28, 2016 07:49 AM EDT

HNA Tourism Group, a unit of Chinese conglomerate HNA Group, agreed to purchase US-based Carlson Hotels, the company said in a statement on Wednesday.

Ant Financial Receives $4.5 billion In Funding.

Ant Financial Surpasses Didi Kuaidi To Receive Largest Funding By A Tech Company

Girish Shetti |

Apr 27, 2016 07:59 AM EDT

Alipay's operating company Ant Financial announced on Tuesday that it has received a staggering $4.5 billion in series B funding. The latest funding has propelled valuation of Ant Financial, which is affiliated to E Commerce giant Alibaba, to $60 billion.

US Steel Corp Files Anti Dumping Complaint Against Chinese Steel Import

Girish Shetti |

Apr 27, 2016 07:53 AM EDT

US Steel Corporation filed a fresh trade complaint against China on Tuesday as the US steel giant announced another disappointing quarterly result, partly owing to cheap steel imports from China.

New Drama Series to Promote President Xi’s Crusade Against Corruption

Girish Shetti |

Apr 26, 2016 05:28 PM EDT

A new drama series on 'corruption' is set to start broadcasting in China later this year. This 42-part series drama is reportedly part of a propaganda drive by the Chinese government to disseminate President Xi Jinping's tough message against graft.