S. Rina
GM China Reportedly Under Government Anti-Trust Investigation
S. Rina | | Dec 16, 2016 03:35 AM EST |
GM China, which operates in the mainland through its joint venture with SAIC, is reportedly facing investigation for potential antitrust violations.
Amazon Cuts China Out of the Global Launch of Prime Video
S. Rina | | Dec 15, 2016 09:27 PM EST |
Amazon.com Inc. announced the launch of its on-demand video service, Prime Video. The company covered almost all the countries around the globe, except China. With this announcement, Amazon has presented its biggest ever challenge to Netflix.
China to Build Disappearing Bridges Over its ‘Avatar’ Mountain
S. Rina | | Dec 14, 2016 06:53 PM EST |
China is adding to the charm and grandeur of Zhangjiajie in Hunan Province with vanishing bridges. These bridges have been designed by French architect Martin Duplantier and use optical illusion to give the vanishing effect. Zhangjiajie is a major tourist spot in the country as it is believed to be the inspiration behind the pillar-like mountains featured in the blockbuster movie 'Avatar'.
China Files WTO Complaint Against US, EU for Market Economy Status Delay
S. Rina | | Dec 13, 2016 08:29 AM EST |
China has filed on Monday a legal challenge against the US and EU at the World Trade Organization (WTO) for the delays in bestowing its "market economy" status.
China Stock Market Touches Six Months Low Amidst Property Concerns
S. Rina | | Dec 13, 2016 08:17 AM EST |
Chinese stock market slumped as various concerns weighed the scrips down. In Tuesday's trading session, the stocks failed to recover despite encouraging industrial and retail sales data. The stock markets are also subdued over concerns about upcoming Fed meeting, which is likely to result in hike in interest rates.
1MDB Denies Asking for China’s Help to Solve Dispute
S. Rina | | Dec 09, 2016 07:57 AM EST |
1MDB has refuted a Financial Times report suggesting that China would be involved in the company's multi-billion-dollar legal dispute. The chairman of 1MDB said that there is no discussion going on with China over the repayments to the International Petroleum Investment Company (IPIC).
Chines Firm Buys British pub Where President Xi and Former PM Cameron had a Pint
S. Rina | | Dec 09, 2016 07:33 AM EST |
Chinese investment consortium SinoFortone has bought The Plough at Cadsden. The pub, located in Buckinghamshire, hosted Chinese President Xi Jinping and former UK Prime Minister David Cameron in October 2015. The financial terms of the deal were not announced.
Honda to Invest $436M in China amidst Growing Demand
S. Rina | | Dec 08, 2016 07:33 PM EST |
Honda Motor announced its new investment in China to build its third automobile production plant worth 3 billion yuan ($436 milllion) in the country. The Japanese company will collaborate with Dongfeng Motor Group for the project. The announcement was made through a statement released on the company's website.
China Reports Higher Foreign Trade for November
S. Rina | | Dec 08, 2016 07:17 PM EST |
China reported 0.1 percent year-on-year increase in its exports in November on a dollar-denominated basis. With this figure, the country reversed the decline it faced in October when exports fell 7.3 percent. China also reported 6.7 percent year-over-year increase in its imports during the month, recording its fastest ascent since September 2014.
China, Australia Remove Air Passenger Restriction
S. Rina | | Dec 05, 2016 01:12 AM EST |
China and Australia have agreed on Sunday to remove the restrictions imposed on the number of passengers flown between the two countries. The agreement is designed to increase the tourism as well as trade in the region.
US Senator Calls for Renewed Scrutiny of China’s Wanda Group
S. Rina | | Dec 05, 2016 12:18 AM EST |
Incoming Senate Minority leader Chuck Schumer has called for further scrutiny of Chinese companies' takeover of the US firms. In a letter addressed to Treasury Secretary Jack Lew, U.S. President-elect Donald Trump and U.S. Trade representative Michael Froman, Schumer stated that it needs to be determined whether the takeovers are being stage managed by Chinese government.
China to Change Policies for Stabilizing Coal Prices
S. Rina | | Dec 03, 2016 07:23 AM EST |
Thermal coal saw wild swings in its prices this year. The prices surged earlier this year after Chinese government's announcement to curtail coal production by reducing operating days. The price level for Australian coal touched $100 a ton, the highest price in past four and a half years.
China Shows Strong Manufacturing Activity in November
S. Rina | | Dec 03, 2016 06:24 AM EST |
China followed the global trend and recorded robust manufacturing activity in the month of November. The country showed better than expected performance as the manufacturing sector grew at the fastest pace in more than two years.
Russia Seeks China’s Help to Build “Great Firewall”
S. Rina | | Dec 02, 2016 09:00 PM EST |
Russia is looking to emulate China for controlling internet in the country. It has been working for years to set up system for filtering internet content. However, the setup is still incomplete and the country is now collaborating with China to incorporate some aspects of its control systems into the Russian system.
China Collaborates with Australia's CSIRO for Concentrated Solar Power Technology
S. Rina | | Nov 30, 2016 08:49 AM EST |
Chinese company Thermal Focus has inked a new deal with Australia-based Commonwealth Scientific and Industrial Research Organization (CSIRO) to develop, sell, and install CSIRO patented concentrating solar thermal generation technology.
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