CHINA TOPIX

12/22/2024 01:04:07 pm

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GM operates in China through its joint venture with SAIC.

GM China Reportedly Under Government Anti-Trust Investigation

GM China, which operates in the mainland through its joint venture with SAIC, is reportedly facing investigation for potential antitrust violations.

Amazon

Amazon Cuts China Out of the Global Launch of Prime Video

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 plans to build a vanishing bridge through the use of optical illusion in Zhangjiajie in Hunan Province.

China to Build Disappearing Bridges Over its ‘Avatar’ Mountain

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 launched a WTO complaint on Monday against the US and EU for delaying its market economy status.

China Files WTO Complaint Against US, EU for Market Economy Status Delay

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 is also looking to clamp down speculative activities in the market.

China Stock Market Touches Six Months Low Amidst Property Concerns

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 has refuted an earlier Financial Times report suggesting that China was to be involved in multi-billion-dollar legal dispute.

1MDB Denies Asking for China’s Help to Solve Dispute

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).

The pub, located in Buckinghamshire, played host to Chinese President Xi Jinping and former UK Prime Minister David Cameron in October 2015. The financial terms of the deal were not announced.

Chines Firm Buys British pub Where President Xi and Former PM Cameron had a Pint

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.

The Japanese company will collaborate with Dongfeng Motor Group for the project.

Honda to Invest $436M in China amidst Growing Demand

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.

Northern Germany Is Hub Of International Shipping

China Reports Higher Foreign Trade for November

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 and Australia aims to boost trade and tourism by scratching off the flight limits allowed in both countries.

China, Australia Remove Air Passenger Restriction

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.

A US leader probes further scrutiny of China's Dalian Wanda Group.

US Senator Calls for Renewed Scrutiny of China’s Wanda Group

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.

The prices surged earlier this year after Chinese government’s announcement to curtail coal production by reducing operating days.

China to Change Policies for Stabilizing Coal Prices

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's official manufacturing purchasing managers' index for November touched the 51.7 mark, up from the 51.2 figure in October.

China Shows Strong Manufacturing Activity in November

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 is collaborating with the China to incorporate some aspects of the mainland's

Russia Seeks China’s Help to Build “Great Firewall”

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.

CSIRO is a top science and research institute in Australia.

China Collaborates with Australia's CSIRO for Concentrated Solar Power Technology

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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