Girish Shetti
China's Factory Activity in February Contracts at Fastest Rate in Four Years
Girish Shetti | | Mar 01, 2016 07:33 AM EST |
China's official Purchasing Managers' Index (PMI), which tracks activities in state owned and large factories, shrank to 49.0 in February, data from the National Bureau of Statistics (NBS) revealed.
‘The Revenant’ to Hit Chinese Theatres in March
Girish Shetti | | Feb 29, 2016 03:09 PM EST |
After triumphing at the Oscars - roping in three awards - including a maiden Oscar for Leonardo DiCaprio - 'The Revenant' has another good news to cheer about.
China’s Central Bank Shrugs off Concern Over Falling Forex Reserves
Girish Shetti | | Feb 29, 2016 12:58 PM EST |
Yi Gang, the vice-governor of China's central bank, on Sunday shrugged off concerns about the possibility of an extended fall in China's foreign exchange reserves and reasserted her confidence in the strength of the Yuan.
Kung Fu Panda 3 Sets New Record, Becomes China’s Highest Grossing Animated Film Ever
Girish Shetti | | Feb 29, 2016 08:28 AM EST |
Kung Fu Panda 3 has overtaken Monkey King: Hero Is Back to become China's highest grossing animated film ever. Kung Fu Panda has grossed 975 million Yuan ($149M) till date.
China's Central Bank Chief Says no More Devaluation of Yuan
Girish Shetti | | Feb 27, 2016 12:05 PM EST |
Speaking at a G20 meeting of Central Bank Governors and Finance Ministers in Shanghai, China's Central Bank Chief Zhou Xiaochuan clarified that China would not stage another devaluation of the Yuan, adding that the Central Bank still has enough room and tools in its monetary policy to cope with potential downslide.
Didi Kuaidi Raising 1$ Billion to Compete With Uber in China
Girish Shetti | | Feb 26, 2016 01:13 PM EST |
Didi Kuaidi, China's biggest ride-hailing company, is all set to raise at least $1 billion in fresh round of fundraising, according to a source close to the company.
China: Taiwan's President-Elect Must Accept Island is Part of ‘One China’
Girish Shetti | | Feb 26, 2016 07:38 AM EST |
China's Foreign Minister Wang Yi, during his recent visit to Washington, said that Taiwan's President-elect Tsai Ing-wen must acknowledge the island's own constitution, which explicitly states that Taiwan and the mainland are both part of one China.
Stephen Chow’s Mermaid Conquers U.S. Box Office
Girish Shetti | | Feb 26, 2016 07:11 AM EST |
When Sony Pictures released the latest Chinese sensational hit movie 'The Mermaid' in only 34 theatres across North America last weekend, most Chinese movie fans felt let down. The general feeling among Chinese fans was that Stephen Chow's latest mega blockbuster deserved much more respect.
Asian Champions League: Shanghai SIPG go Down to Melbourne Victory in Controversial Match
Girish Shetti | | Feb 25, 2016 12:40 PM EST |
Shanghai SIPG were heavy favorites in their opening Asian Champions League clash against Melbourne Victory on Wednesday, but Sven Goran Eriksson's men went down 2 - 1 in a thrilling match that had more than its fair share of controversies.
China has Largest Number of Billionaires in the World: Report
Girish Shetti | | Feb 25, 2016 08:55 AM EST |
China-based wealth research firm 'Hurun' has revealed that the country has outpaced the U.S. to become home to the largest number of billionaires in the world. This is despite the economic slowdown and other problems like corruption and the stock market crash that has been plaguing Chinese businesses for over a year now.
China Restricts Tourists to Taiwan
Girish Shetti | | Feb 25, 2016 03:16 AM EST |
In a move that has been touted as 'anti Taiwanese', China has made several changes to its tourism policy regarding Taiwan - potentialy causing severe problems for the Taiwanese industry. These changes allegedly came into effect after pro-independence leader Tsai Ing-wen won the island's presidential election earlier this year.
How Stephen Chow’s Mermaid Became China’s Biggest Ever Blockbuster
Girish Shetti | | Feb 24, 2016 05:26 AM EST |
Hong Kong-based Stephen Chow enjoys an unflinching reputation of being a 'hit film maker' among Chinese audience. His surreal comedy movies in the past have struck a chord with Chinese audience. But when his latest film 'The Mermaid' got released during Chinese New Year period, even Chow may have never anticipated the kind of storm his movie would create at the box office.
Sven-Goran Eriksson Backs China to Win World Cup in 10 Years
Girish Shetti | | Feb 23, 2016 07:01 PM EST |
Ex-England coach and Shanghai SIPG manger Sven-Goran Eriksson claims that China could win world cup in next 10 years.
Chinese Tycoon Ren Zhiqiang Faces Ire After Criticizing President Xi
Girish Shetti | | Feb 23, 2016 12:19 PM EST |
Top Chinese property tycoon Ren Zhiqiang, who is known for his outspoken nature, faced flak from state-owned news portals on Monday for criticizing President Xi Jinping's comments last week that the "media should work for [the] Communist Party."
India Beats China to Win Major Power Project in Bangladesh
Girish Shetti | | Feb 22, 2016 04:24 PM EST |
A major Indian state-owned company Bharat Heavy Electricals Ltd (BHEL) has won a huge contract to build a $1.6 billion power plant in Bangladesh, beating Chinese competitor Harbin Electric International Company Ltd.
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