S. Rina : Chinatopix

Home > S. Rina

S. Rina

LeEco Gets $2.18B Funding from Real Estate Firm Sunac

Jan 15, 2017 09:59 AM EST

Chinese technology company LeEco has received a fresh round of funding from Sunac China Holdings, according to the stock exchange filing made by the property developer on Friday.

The action has been taken to control the proliferation of fraudulent applications.

China Orders App Stores to Get Registered with the Government

S. Rina |

Jan 15, 2017 08:32 AM EST

The Cyberspace Administration of China has posted a notice on its website asking mobile app stores to officially register on its offices. The action has been taken to control the proliferation of fraudulent applications across the Internet.

The demand from China is also projected to be all time high, further fueling the price trend for the commodity.

Crude Price Up on OPEC Cut, Record China Demand Forecast

S. Rina |

Jan 14, 2017 03:09 AM EST

Oil prices are on the upswing following the news of production cuts by major crude exporters including Russia and Saudi Arabia. The demand from China is also projected to be all time high, further fueling the price trend for the commodity.

Yum Brings Taco Bell Back to China After a Decade

S. Rina |

Jan 14, 2017 03:02 AM EST

Taco Bell is taking another chance to capture Chinese markets with its latest store in Shanghai. The company plans to open several other outlets in major Chinese cities, before going for a national rollout. Taco Bell will be brought to the country by Yum China, which also owns Pizza Hut and KFC brands domestically.

However, the numbers have also given rise to new debt concerns.

China Reports Higher than Expected Credit Growth in 2016, Raising Debt Concerns

S. Rina |

Jan 14, 2017 01:57 AM EST

China reported extending $1.82 trillion worth of loans in 2016, setting a new record. However, the numbers have also given rise to new debt concerns. The country is looking to fuel its economy by providing more stimulus in the form of credit and debt, without creating an asset bubble.

The firm stated that alternatively, the country may decide to widen the trading band for the currency.

PIMCO Speculates Possibility of Floating Yuan in 2017

S. Rina |

Jan 14, 2017 12:11 AM EST

Asset management firm PIMCO stated that there is possibility that China may freely float Yuan this year. The firm stated that alternatively, the country may decide to widen the trading band for the currency. Yuan had a tumultuous time in 2016 as it saw steady decline in its value.

Chinese firms spent a record $45.6 billion on acquiring foreign firms the last year.

Chinese Firms Opt for Insurance Against Foreign Deals Veto : Report

S. Rina |

Jan 13, 2017 01:51 AM EST

China witnessed sharp increase in its overseas investment in 2016. The Chinese firms spent a record $45.6 billion on acquiring foreign firms the last year. The surge in the acquisition volume led to resistance from foreign countries, leading to the breakdown of some very prominent deals.

China Auto Sales to Grow 5% in 2017 due to Tax Incentive Reduction

S. Rina |

Jan 13, 2017 01:05 AM EST

China's auto sector had a bumper year in 2016 as vehicle sales increased 13.7 percent, the fastest growth rate in three years. However, the outlook for the coming year is rather tepid as the government has announced phasing out tax incentives on vehicle purchase.

Chinese Overseas Investments Grew 40% in 2016

S. Rina |

Jan 12, 2017 11:26 PM EST

China reported a record increase in its overseas investments in 2016. Chinese firms raised their investment spending across the globe with special emphasis on technology-related acquisitions and advanced manufacturing operations.

China Tightens Exchange Controls, Sends Bitcoin Tumbling Down

S. Rina |

Jan 12, 2017 09:36 PM EST

China continues its offensive against Bitcoin, sending the value of the cryptocurrency to the bottom. Bitcoin faced further erosion of 10 percent in its value as China's central bank announced that it may investigate unauthorized financing and market manipulation.

These regulations are primarily concerned with curbing the flow of capital outside the country.

China Pushes to Keep Foreign Exchange Regulations a Secret: Reuters

S. Rina |

Jan 12, 2017 08:39 PM EST

In an exclusive report, Reuters claimed that Chinese banking regulators are pushing financial institutions to keep foreign currency regulations a secret. These regulations are primarily concerned with curbing the flow of capital outside the country.

The complaint is likely to be submitted to the World Trade Organization on Thursday.

US may Launch WTO Complaint Against Chinese Aluminum Subsidies

S. Rina |

Jan 12, 2017 08:29 PM EST

The Obama administration may file a complaint against Chinese subsidies on its aluminum products, which is likely to be submitted to the World Trade Organization on Thursday. This step is expected to further erode the crumbling trade relationships between the two countries.

China Looks to Contain Yuan Volatility Amidst Falling Reserves

S. Rina |

Jan 11, 2017 06:45 AM EST

China is planning to contain the fall of its currency value as the country struggles to maintain its reserves. The currency showed the signs of weakness this week as well as The People's Bank of China set the mark on Monday at 0.87 percent lower than last Friday.

The country is the largest manufacturer of ballpoint pens in the world.

China Perfects the Art of Making Ballpoint Pens

S. Rina |

Jan 11, 2017 05:36 AM EST

China has mastered the art of making ballpoint pens. The country is the largest manufacturer of ballpoint pens in the world. It makes nearly 38 billion units every year. However, until now, China had imported the steel required for making the pen tips from Japan.

China Deems Pokémon Go Unsafe, may not License the Game

S. Rina |

Jan 11, 2017 01:29 AM EST

Smash hit game Pokémon Go is not likely to be available in China anytime soon. The Chinese authorities have said that Pokémon Go and other augmented reality games may not be licensed in the country until all the potential safety hazards are properly evaluated.