Girish Shetti
US Intel Chief: China Will Continue Building Artificial Islands in Disputed South China Sea
| Girish Shetti | | Feb 10, 2016 08:17 AM EST |
U.S. intelligence Chief James Clapper categorically said to the U.S. senate on Tuesday that he expects China will continue building artificial islands to supports its claim in the disputed South China Sea. This is despite the assurances from the Chinese government that further land reclamation in the South China Sea has been halted.
Chinese Box Office Roars on Eve of Lunar New Year Holiday
| Girish Shetti | | Feb 09, 2016 11:13 AM EST |
Cashing in on the Lunar New Year Holiday, the Chinese Box Office minted a whopping $100.5 million on Monday, the most ever for a single day in China's box office history. This is an impressive 78 percent jump from last year's single day box office sales during the Lunar New Year.
Bangladesh Cancels Port to be Built by China, as India Eyes New Project
| Girish Shetti | | Feb 09, 2016 05:34 AM EST |
In a move that will surely upset China, Bangladesh has cancelled a port project with a Chinese company, but Dhaka is all set to offer a new sea port project to its bitter neighbor India.
China Says North Korea's Satellite Launch 'Regrettable'
| Girish Shetti | | Feb 08, 2016 07:44 AM EST |
China on Sunday expressed "regret" over North Korea's controversial satellite launch, but advised that the situation must be dealt with calmly and through sustained dialogue.
China’s Forex Reserve Plunges to 3 Year Low, Shrinks to US$3.23 Trillion
| Girish Shetti | | Feb 08, 2016 06:34 AM EST |
To cope with the effects of the economic slowdown, the Chinese government has cashed in on its vast foreign exchange reserves to rescue the falling currency and curtail capital outflow overseas.
A Leading Chinese Company Acquires Chicago Stock Exchange
| Girish Shetti | | Feb 06, 2016 01:19 PM EST |
The 134-year-old Chicago Stock Exchange has been acquired by Chinese Investment Company Chongqing Casin Enterprise Group, according to official statement issued by Chicago Stock Exchange on Friday.
Pop Diva Madonna Sports Taiwanese Flag During Concert, Gets Embroiled in Taiwan-China Row
| Girish Shetti | | Feb 06, 2016 06:11 AM EST |
Pop diva Madonna has become embroiled in the Taiwan-China row after she draped herself in the Taiwanese flag during a concert performance in Taipei on Thursday. Madonna is currently in Taiwan, as part of her ongoing global Rebel Heart Tour.
Chinese Football Transfer Record Broken Once Again: Jiangsu Suning Romps Alex Teixeira for Whopping $56 Million
| Girish Shetti | | Feb 05, 2016 09:57 AM EST |
China's football transfer market is continuing its record breaking spear, as on Friday morning Jiangsu Suning club romped in Shakhtar Donetsk's Alex Teixeira for whopping $56 million. This is the highest money transfer paid by any Chinese football club till date.
ESPN Gets Serious About China, Strikes Major Distribution Deal With Tencent
| Girish Shetti | | Feb 03, 2016 01:12 PM EST |
ESPN, the sports arm of entertainment company Disney, has struck a major distribution deal with Chinese Internet giant Tencent.
KFC Wins Lawsuit Against 3 Chinese Firms Over Mutant Chicken Rumors
| Girish Shetti | | Feb 03, 2016 12:58 PM EST |
A Shanghai court on Wednesday fined three local Chinese tech firms for spreading false rumors about KFC fast food chain. The false rumor activities mainly included uploading doctored photos of deformed chickens on social media accounts and using it as propaganda against KFC.
Online Financial Company Ezubao Faces Crackdown for Stealing More Than $10 Billion in Ponzi Scheme
| Girish Shetti | | Feb 02, 2016 08:48 AM EST |
Chinese police on Tuesday took 21 employees of online financial company Ezubao into custody for allegedly stealing more than $10 billion from millions of investors.
Alibaba Defies Sluggish Economy as Revenue and Sales Surge
| Girish Shetti | | Jan 28, 2016 05:40 PM EST |
China's ecommerce Giant Alibaba Group Holding Ltd on Thursday beat market estimates, as it announced better than expected third quarter results, with both sales and revenue recording better than expected growth.
Chief of China's Statistics Bureau to be Investigated for Corruption
| Girish Shetti | | Jan 27, 2016 08:33 AM EST |
The Chief of China's Statistics Bureau Wang Baoan is being investigated for charges of corruption, China's anti graft body said on Tuesday.
Rout in Chinese Stock Continues as Market Hits 13 Month Low
| Girish Shetti | | Jan 27, 2016 04:04 AM EST |
The relentless freefall in China's stock market continued on Tuesday, as The Shanghai Composite Index plunged 6.4 percent to end at 2,749.79, its lowest closing since December 2014. On other hand, the Shenzhen Component Index sank 7% to close at 9,483.55.
Shanghai's Pentagon-Style Shopping Mall is China's Largest Empty Building.
| Girish Shetti | | Jan 26, 2016 09:04 AM EST |
The Chinese real estate industry has earned an uncanny reputation for building enormously huge structures and settlements that sooner or later end up becoming 'ghost towns'. The sad part is that these enormously huge buildings and towns are supposed to be an economic boon, but they end up becoming a huge bane. Not to mention a stark embarrassment for investors.
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