China is beginning to lose patience with North Korea. But it continues to face a dilemma: comprehensive economic and social reform may help to resolve the nuclear issue in the long run, but pushing too fast for such reform could cause the already-fragi…
2013-07-11
The activities of local GSK executives in China and other pharmaceutical employees highlight broader concerns about doing business in the country
2013-07-11
California-based nascent hotel development company SBE confirmed it is planning to expand its SLS Hotels brand first to Shanghai, Beijing, Wuxi, and Kunming. SBE's partner in its Chinese expansion is Palace Hospitality, and the companies plan the expansion by 2015. SLS Hotels in China will feature an aesthetic composed by acclaimed hotelier and SBE Founder, […]
2013-07-11
The US Federal Reserve and the People’s Bank of China are not typically seen as two peas in a pod. But they have had similar experiences in recent weeks – and neither has been a pleasant one.
2013-07-11
President Xi Jinping’s austerity campaign hits China’s largest, highest-level national sports competition, with the budget for the event cut by 75%
2013-07-11
THE China International Payment System (CIPS) which will be set up and hosted in Shanghai next year is a key component of the infrastructure for the Shanghai International Financial Center, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) said yesterday.
2013-07-11
THE Hong Kong branch of Standard Chartered Bank agreed to supply a cross-border yuan-denominated loan of 100 million yuan (US$16.2 million) to Shenzhen International Holdings for its project in Qianhai, the pilot financial hub in Shenzhen, according to a statement released by the British lender today.
2013-07-11
CONFIDENCE of China businesses fell to a seven year low in the second quarter of this year against improved sentiment in major developed countries, an industry survey found today.
2013-07-11
SHANGHAI stocks gained the most in nearly seven months with soaring turnover, as cyclical stocks surged on expectations that the central government may take measures to stimulate the economy. Commodity suppliers advanced after the US Federal Reserve Chairman Ben Bernanke reiterated the need for accommodative policy.
2013-07-11
SHANGHAI stocks surged this morning, led by cyclical stocks and blue chips, on expectations that the central government may take measures to stimulate the economy.
2013-07-11
SOME senior executives of multinational pharmaceutical company GlaxoSmithKline (China) Investment Co Ltd (GSK) have been placed under criminal investigation for suspected bribery and tax-related violations, Chinese police said today.
2013-07-11
Private equity firm Capital Today says it plans to invest $21 million in fast-food chain Home Original Chicken. The deal is the outcome of a Chinese investment reality show. An agreement of the investment has been signed between the two parties. Capital Today is in the process of doing due diligence. The valuation of the […]
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2013-07-11
WSJ reports: On Tuesday, Transparency International published a report it had been touting in recent weeks as the “biggest-ever public opinion survey on corruption.” Yet despite the breadth of its research – 114,000 people surveyed in 107 countries – Transparency…
2013-07-11
THE price of oil has shot up US$11 a barrel in two weeks on rising demand in the US and political upheaval in the Middle East. Gas prices are about to follow.
2013-07-11
THE US stock market turned quiet yesterday and just managed to notch a fifth straight day of gains.
2013-07-11
Tang Xing, chief technology officer of Iqiyi, revealed that the technical integration of Iqiyi and PPS has entered the final CDN and P2P integration and optimization stage, and it is expected to be completed this summer. On the completion of the integr…
2013-07-11
The agreement is not binding but could bolster efforts for new international climate action, which stalled after the Copenhagen summit in 2009
2013-07-11
A Royal Mail postal worker walks through the car park of a sorting office in Altrincham, northern England yesterday. Employees will get shares in an initial public offering that may value the company at up to 3 billion pounds (US$4.5 billion) as the go…