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McDonald's Sells China Business to CITIC, Carlyle for $2.1B

Jan 09, 2017 08:17 PM EST

Fast food guru McDonald's sold a great number of its market shares in China to two other firms, in a bid to expand its presence in the Chinese market. The deal that was announced on Monday was valued at $2.1 billion and highlighted Hong Kong's CITIC Capital and US Carlyle Group as the main investors.

China Worries 'Masculinity' Crisis will Taint Country's Image

mwaniki wanjiku |

Jan 09, 2017 11:01 AM EST

Gender equality in China is less defined than compared to western countries

Three 'Terror' Suspects Killed in Xinjiang, China

Steve M.C. |

Jan 09, 2017 10:47 AM EST

Three alleged terror suspects were shot dead by police officers in China's Xinjiang Province on Sunday night. The police had been in pursuit of the suspects, who resisted arrest, for their connection to a terror incident that transpired in 2015.

To Counter China, India Holds Talks with Vietnam on Akash Missile

Girish Shetti |

Jan 09, 2017 09:50 AM EST

With China continuing to flex its muscles in South China Sea, India and Vietnam are now going all out to shore up their defence cooperation. Several reports suggest that New Delhi has started discussion with Vietnam on sale of Akash surface-to-air missile.

The drop in the value succeeded the meteoric increase in the value of the currency in the past two weeks.

China Warning Causes Bitcoin Value to Plummet

S. Rina |

Jan 09, 2017 09:25 AM EST

Bitcoin showed a deep plunge in its value as Chinese central bank raised concerns about the use of cryptocurrency. The drop in the value succeeded the meteoric increase in the value of the currency in the past two weeks.

Indian Leader Rahul Gandhi to Visit China on CPC Invitation

Girish Shetti |

Jan 09, 2017 08:35 AM EST

India's prominent political leader Rahul Gandhi will be on a weeklong tour to China from next week, sources said. Gandhi has been officially invited Communist Party of China (CPC) for a weeklong tour that commences on January 15.

During the first three quarters of the year, the domestic economy grew at a steady 6.7 percent pace.

China Believes to have Achieved Economic Growth Rate Target in 2016

S. Rina |

Jan 09, 2017 07:38 AM EST

Chinese vice finance minister Zhu Guangyao expressed his belief that China is confident of having reached Its set target of 6.7 percent economic growth rate in 2016. During the first three quarters of the year, the domestic economy grew at a steady 6.7 percent pace.

Chinese Media Warns Trump of ‘Revenge’ if ‘One China' Policy is abandoned

Girish Shetti |

Jan 09, 2017 07:37 AM EST

China's popular nationalistic tabloid on Sunday warned U.S President Elect Donald Trump that Beijing would set on a 'revenge 'mode if he renounces the "One China" policy. The warning comes barely hours after Taiwanese president Tsai Ing-wen made a controversial stopover at America's Houston city.

US, UK, Japan Forming Anti-China Military Alliance in Asia

Arthur Dominic Villasanta |

Jan 09, 2017 06:33 AM EST

China has no allies in this fight. China will fight alone.

The report, released on Friday, called for more thorough scrutiny of Chinese policies.

US Expresses Concerns over China Semiconductor Policy

S. Rina |

Jan 09, 2017 04:14 AM EST

The Obama administration released a report issuing a warning about the impact of Chinese industrial policy on the US chip market. The report, released on Friday, called for more thorough scrutiny of Chinese policies, which may put the US national security at risk.

A gang of over 20 has been arrested in China

China Nabs Over 20 Young People for Gang Fight

Steve M.C. |

Jan 09, 2017 02:12 AM EST

A gang of over 20 people in Southwest China were on Friday arrested and detained after they were found to have allegedly been preparing to be part of a gang fight.

Baidu aims to work in improving advanced intelligence in traditional vehicles.

Baidu, China's BAIC Motor Develop Partnership for Driverless Cars

Ellie Froilan |

Jan 09, 2017 12:55 AM EST

Baidu Inc.'s Intelligent Vehicle division and state-owned BAIC Motor Corporation Ltd. have announced a two-fold strategic partnership at CES 2017 in order to develop self-driving technology and expand the smart vehicle sector.

Beijing to Launch Environmental Police Force to Fight Toxic Smog

Steve M.C. |

Jan 08, 2017 08:30 AM EST

A new environmental police force has been introduced in Beijing to assist in the fight against the massive smog, which has been witnessed in the Chinese capital.

Conservationists Warmly Welcome China's Ivory Ban

Steve M.C. |

Jan 08, 2017 05:29 AM EST

The law banning the trade and processing of ivory products in China last December has been well-received globally. The move follows after several reports revealed that elephants in Africa were nearing the brink of extinction had the poaching continued.

HMD Global Officially Launched Nokia 6 Smartphone in China with 4GB RAM, 16MP Camera and Android 7.0 Nougat

HMD Global Officially Unveils Nokia 6 Smartphone in China with 4GB RAM, 16MP Camera, Android 7.0 Nougat

Daphne Planca |

Jan 08, 2017 04:48 AM EST

HMD Global officially launched its highly anticipated device - the Nokia 6 smartphone - in China for the price of 1699 Yuan (approximately $245 / Rs. 17,000) and will be exclusively available via JD.com. The availability of the device is only limited to the Chinese market as of now.