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The country aims to stem the flow of domestic capital to overseas.

China Seeks to Impose ‘Strict Controls’ on Foreign Investments by Chinese Firms

Nov 27, 2016 10:33 PM EST

China is looking to control the foreign investments made by Chinese companies. The country aims to stem the flow of domestic capital to overseas. It is expected that a series of measures in this regard will be announced soon.

The protests have gained momentum as the workers in Shenzhen have filed lawsuit against the company for back pay.

Walmart Employees in China Organize WeChat Protest for Better Working Conditions

S. Rina |

Nov 23, 2016 08:09 PM EST

Walmart workers in China have taken a stand against the company to demand for better pay and working conditions. The protests have gained momentum as the workers in Shenzhen have filed lawsuit against the company for back pay.

HTC announced that it will build a new research center in China and set up a fund to develop the country's VR industry.

HTC Doubles Down its China Initiatives, to Build a Research Center and a Fund

S. Rina |

Nov 22, 2016 02:29 AM EST

HTC announced that it will build a new research center in China, with the collaboration from the Shenzhen Municipal Government. The company will also set up a $1.5 billion Shenzhen VR Investment Fund for promoting VR industry in China. HTC has taken a number of step in the recent past to promote development of new technologies.

The New Zealand prime minister made this announcement through an email.

China, New Zealand to Discuss Free Trade Agreement

S. Rina |

Nov 22, 2016 02:16 AM EST

China and New Zealand have given their consent to start formal discussions to boost their free trade agreement, the New Zealand prime minister made this announcement through an email sent on Monday. He said that the upgrade of the agreement will be based on the other FTAs formed by China.

He had hosted a fund raiser for the President-elect.

Trump Advisor Holds Stake in Chinese Car Sharing Company Didi Chuxing

S. Rina |

Nov 21, 2016 10:24 AM EST

John Paulson, a prolific hedge fund manager, has been disclosed to have stake in Chinese car sharing company Didi Chuxing. Paulson has acted as an economic advisor to President-elect Donald Trump, who is a vocal critic of Chinese companies. He had also hosted a fund raiser for the President-elect.

Turkey is mulling joining China and Russia led Shanghai Cooperation Organization (SCO) instead of the European Union.

Turkey May Join China-led Shanghai Cooperation Organization Instead of EU

S. Rina |

Nov 21, 2016 09:24 AM EST

Turkey is mulling joining China and Russia led Shanghai Cooperation Organization (SCO) instead of the European Union. Turkish president Tayyip Erdoğan alluded that Turkey may no longer be willing to wait out for the EU's approval and may opt for SCO instead.

At least 62 of the 70 cities surveyed by the government showed property price hike, according to a report released by National Bureau of Statistics.

China Property Curbs Halt Rampant Housing Price Rise

S. Rina |

Nov 20, 2016 06:37 AM EST

China's soaring housing market showed signs of mild slowdown in the month of October, after the Chinese government imposed a number of restrictions on real estate transactions in the recent past. Seven of the large- and medium-sized cities recorded housing price decrease on month over month basis in October.

Hong Kong firm Swire Pacific revealed on Friday it will buy Coca-Cola bottling assets in China for 5.87 billion yuan ($852 million).

Coca Cola sells bottling assets in China to Swire Pacific

S. Rina |

Nov 20, 2016 06:22 AM EST

Coca Cola divested its bottling business in China as it sold its assets to Swire Pacific Ltd. for 5.87 billion yuan ($852 million), the Hong Kong conglomerate announced on Friday. Swire will acquire the manufacturing and distribution assets from China Foods Ltd., which is a subsidiary of state-owned food firm COFCO Corp.

Baidu and BMW confirmed they are cancelling their autonomous car testing collaboration in China and the US.

Baidu, BMW Call Off Autonomous Car Collaboration

S. Rina |

Nov 20, 2016 05:54 AM EST

Chinese search engine giant Baidu has called off its joint research partnership with German auto manufacturer BMW. The partnership involved testing of autonomous cars in China and the US. Baidu is now said to be looking for new research partners.

His comment follows the election of Donald Trump as the next president of the United States.

Chinese President Xi Backs Open Trade to Counter Protectionism

S. Rina |

Nov 20, 2016 05:02 AM EST

Chinese president Xi Jinping reiterated his pledge for open trade during APEC summit in Lima, Peru. His comment follows the election of Donald Trump as the next president of the United States. Trump has vowed to re-negotiate or scrap liberal trade deals, posing a threat to free international trade.

Chinese tech giants Alibaba and Tencent have welcomed the new Chinese cyber law.

Alibaba, Tencent Support New Chinese Cyber Law

S. Rina |

Nov 18, 2016 10:59 PM EST

China recently introduced its new cyber law, imposing stricter regime on technology companies. Chinese tech giants Alibaba and Tencent have welcomed the latest provisions, countering the international backlash received by the new rules.

China's Baidu recently carried out public test drives of its driverless cars during the World Internet Conference in Wuzhen.

Baidu Tests Driverless Cars in Wuzhen

S. Rina |

Nov 18, 2016 09:29 PM EST

Chinese tech giant Baidu carried out a test run of its driverless cars in Wuzhen. The company is currently trialing a fleet of 18 such cars. The town is currently hosting World Internet Conference, a three-day long event. Baidu has made these cars available for use to delegates.

A congressional panel is urging the US government to implement a ban on Chinese firms acquiring US companies.

US Panel Wants Ban on Chinese Firms Taking over US Companies

S. Rina |

Nov 18, 2016 09:18 PM EST

A US congressional panel has urged the government to put a ban on Chinese state owned firms from buying US companies. The panel cited security concerns for such action. The recommendation formed a part of the report released by the US-China Economic and Security Review Commission.

JPMorgan has agreed to settle its China nepotism case for $264 million.

JPMorgan to Pay $264 Million to Settle China Hiring Case

S. Rina |

Nov 18, 2016 09:02 PM EST

JPMorgan has agreed to pay $264 million to the US authorities for resolving its nepotism case in China. The bank allegedly hired the kith and kin of Chinese officials in lieu of favors. The bank was being probed by the US Securities and Exchange and the Justice Department for potential violation of the US Foreign Corrupt Practices Act.

BLU is one of the Android smartphone brands that have the rogue firmware installed on their products.

Budget Android Phones Sending Users’ Data to China

S. Rina |

Nov 16, 2016 11:31 AM EST

Some Android phones sold in the US have been found to have a rogue firmware installed on them. The software can collect users' data and send it to a third-party company based in China. The personal data so transmitted includes call logs, text messages, user's location, and app usage data.