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Russia and China joined hands to develop a new passenger airliner.

Russia and China Collaborates on a Passenger Airliner

Nov 04, 2016 03:21 PM EDT

Russia and China have collaborated to develop a new passenger airliner. A model of the airliner was presented at Airsho China-2016, held in Zhuhai, China this week.

The commissioner said that now he realizes that his words had ‘hurt’ people.

EU commissioner Oettinger apologizes for China slur

S. Rina |

Nov 04, 2016 03:05 PM EDT

Germany's European Commissioner Guenther Oettinger has issued an apology for his disparaging remarks about China, gay people, and French-speaking Belgians.

China warns Germany over Aixtron approval issue

S. Rina |

Nov 03, 2016 06:01 PM EDT

China has urged Germany to take a fair stand over Chinese acquisitions in Germany. Chinese buying spree for German firms, especially in the hi-tech sector have raised concerns in Germany, pushing government to take protectionist measures. The issue has been heightened by recent withdrawal of approval for Aixtron deal.

Zhuhai airshow in China has offered dazzling displays by various other aircrafts as well.

Red Arrows Offers Stunning Aviation Show in China

S. Rina |

Nov 03, 2016 05:22 PM EDT

The Royal Air Force's Red Arrows performed their first public display in China, as a part of their 'Best of British' tour.

Internet giant Alibaba posted encouraging results for its second quarter.

Alibaba Beats Market Expectations for its Quarterly Results

S. Rina |

Nov 02, 2016 02:16 PM EDT

Internet giant Alibaba posted encouraging results for its second quarter. The company also reported an increase in its China revenue, underscoring the return of prosperity to the local economy.

Geely and Volvo Announce Joint Car Plant

S. Rina |

Nov 02, 2016 02:02 PM EDT

Swedish carmaker Volvo and Chinese auto company Geely have unveiled their jointly-owned plant in Taizhou. The plant will be operated by Volvo. It will be used for producing compact cars using the Compact Modular Architecture (CMA) platform.

Chinese Property Developer Evergrande in Talks With Cala

S. Rina |

Nov 02, 2016 01:42 PM EDT

Evergrande, China's second-largest property developer, is in talks with UK housebuilder Cala Homes.

Hillary Clinton is Democratic presidential candidate and is battling with the charges of mishandling sensitive information

Clinton Aide Left Classified Documents Unattended in China During 2010 Trip

S. Rina |

Nov 02, 2016 01:31 PM EDT

A senior aide to then-Secretary of State Hillary Clinton is believed to have left classified documents behind in a hotel room during a 2010 trip.

Airbnb is enjoying booming popularity among Chinese travelers.

Airbnb Separates its China Unit Into Autonomous Business, to Store Data Locally

S. Rina |

Nov 02, 2016 12:29 PM EDT

House-sharing company Airbnb announced that it is spinning off its China unit into an autonomous business. The company claims that it is enjoying booming popularity among Chinese travelers.

The European Union’s Digital Economy Commissioner Guenther Oettinger received flak for his speech

German EU Commissioner Makes Racist Remarks Against Chinese

S. Rina |

Nov 01, 2016 11:09 AM EDT

The European Union's Digital Economy Commissioner Guenther Oettinger has received flak for a speech he made, which has been branded as "racist" and "homophobic."

Honda Motor Co raised its full year net profit outlook by 6 percent.

Honda Raises Profit Outlook on Robust China Revenue

S. Rina |

Nov 01, 2016 11:02 AM EDT

Honda Motor Co. has raised its full-year net profit outlook by six percent. The company expects its full-year net profit to be $3.95 billion or 415 billion yen, up from the previous forecast of $3 billion.

The index measures large state-owned corporations. (Pixabay)

China Reports Strong Caixin Manufacturing Data for October

S. Rina |

Nov 01, 2016 10:22 AM EDT

China reported its official Purchasing Managers' Index (PMI) at 51.2 for the month of October.

China’s growing debt problem is affecting its banks’ profitability.

Chinese Banks Write off Billions in bad Debt

S. Rina |

Nov 01, 2016 09:59 AM EDT

China's growing debt problem is affecting its banks' profitability. The country's top five banks have announced that they are writing off $40 billion worth of non-performing assets during the first nine months of the year.