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| Brazil eyes food exports to China via e-commerce CHINA’S reform and opening-up drive over the past four decades has been “extremely successful,” the president of Brazilian Trade and Investment Promotion Agency (Apex-Brasil) said. “The process beginning... read more
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| Chinese banking regulator maintains tough stance over market violations CHINESE banking regulators continued to take a tough line on market violations in the first half of the year to maintain stable market order and prevent financial risks. The China Banking and Insurance... read more
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| Lock-up stock to trade LOCK-UP shares worth about 57.47 billion yuan (US$8.5 billion) will become eligible for trading on China’s stock bourses this week. Over 7.1 billion shares will become tradable on the Shanghai and Shenzhen... read more
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| SAIC sales up 10.9% Shanghai-Based SAIC Motor said it sold 3.5 million vehicles in the first six months of the year, up 10.9 percent year on year.... read more
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| Funds flow to Internet China’s Internet sector received about US$27.6 billion in the second quarter of 2018, up 72.5 percent year on year, according to a report released by the China Academy of Information and Communications... read more
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| Mortgage loans ease Property loans offered to individual purchasers in China grew at a slower pace in the second quarter due to government restrictions in major cities, data from the central bank showed.... read more
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| Strong financial results Chinese listed companies are happy with their performance in the first half of the year, as the economy grew beyond expectations.... read more
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| German groups warn Trump tariff war will hurt US German industry groups warned yesterday, before European Commission President Jean-Claude Juncker meets US President Donald Trump this week, that tariffs the United States has imposed or is threatening... read more
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| French minister urges Washington to ‘see sense’ France’s finance minister, Bruno Le Maire, said that the United States must avoid pushing the world into a “survival of the fittest” scenario through tit-for-tat trade sanctions.... read more
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| Fiat Chrysler picks Jeep boss as new CEO Fiat Chrysler has named its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The... read more
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| China, UAE sign raft of economic deals The United Arab Emirates said it agreed to set up a “comprehensive strategic partnership” with China as President Xi Jinping wrapped up a three-day visit to the Gulf country on Saturday.... read more
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| Sounding the gongs for Hong Kong stock debuts Ceremonies marking the first day of trading for new listings on the Hong Kong Stock Exchange typically involve a gong.... read more
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| South Korean cosmetics boast success in China At a factory two hours south of Seoul, women clad in plastic caps and masks put peach-colored eye-shadow into cases, right next to a machine churning out a skin-color face powder.... read more
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| Insurance proliferates in the mainstream Not all that long ago, insurance was something far from the minds of Chinese people living under a centralized system that took care of every need, from jobs, housing and transport to food supplies and... read more
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| China flays US comments on trade China yesterday refuted the remarks made by a senior US official who blamed China for the bilateral trade dispute, saying his words distorted the facts.... read more
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| ‘Blue sea’ market for health cover CHINA’S nascent health insurance market is a huge “blue sea” with strong potential, but also significant challenges, said a new report by Ernst & Young and CPIC Allianz Health Insurance Co Ltd released... read more
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| 3 leading regions in tourism bid SHANGHAI, Beijing and Shaanxi Province plan to cooperate as inbound tourism hubs, with support from travel agencies including the country’s top online operator, Ctrip. It is the first inter-provincial... read more
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| Didi sets up service in Japan with Softbank DIDI said yesterday it has set up a joint-venture with SoftBank called Didi Mobility Japan Corp and aims to roll out the service starting in autumn this year. Didi aims to launch the ride-matching app... read more
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| Forex purchases back in the black Chinese commercial banks reported net forex purchases in the first half of the year, the first time in three years, the country’s forex regulator said yesterday. Chinese lenders bought US$928.2 billion... read more
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| New hyperloop test center for Guizhou HYPERLOOP Transportation Technologies said yesterday it will team up with a southwestern Chinese city to build a new 10-kilometer test track for its high speed hyperloop transportation system. California-based... read more
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| Xintiandi INNO modules to launch in H2 CHINA Xintiandi, a subsidiary of Shui On Land, said the first batch of INNO projects, its newest generation office brand, will initially open in Nanjing and Shanghai during the second half of this year. Located... read more
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| GAC joins CATL in 2 battery ventures Chinese automaker Guangzhou Automobile Group Co Ltd and battery manufacturer Contemporary Amperex Technology Ltd said yesterday they will set up two new joint ventures to produce and sell batteries for... read more
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| Europe mulls retalitation THE European Union will consider introducing tariffs on coal, pharmaceuticals and chemical products from the United States if President Donald Trump imposes restrictions on European cars, Germany’s Wirtschaftswoche... read more
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| EU readies list for trade talks with Trump THE European Union’s trade commissioner said yesterday she hopes an EU mission to Washington will ease a transatlantic trade dispute but the bloc is preparing a list of US imports to hit if the United... read more
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| Suning raises funds to cash in on sport Suning Sports said yesterday it has completed a series of financing led by Alibaba Group and Goldman Sachs as it seeks to cash in on China’s booming sporting industry.This follows a share-swap between... read more
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| Morgan Stanley profits jump ... read more
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| iQiyi inks US$300m deal with gamer CHINA’S Nasdaq-listed iQiyi, an online video platform, said yesterday it was paying 2 billion yuan (US$300 million) to acquire Chengdu-based game developer Skymoons Technology as the Beijing-headquartered... read more
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| Google back with AI game GOOGLE Inc yesterday launched a mini game on WeChat, China’s most popular social media application with more than 1 billion users. It’s the first mini game offered by Google in China’s mainland, where... read more
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| VW’s sales in China jump 9.2% in first half Volkswagen Group China sold a total of 1.99 million vehicles on China’s mainland and in Hong Kong in the first six months, up 9.2 percent year on year, to Volkswagen said on its official website yeste... read more
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| EU acts over Chinese electric bikes THE European Union will impose duties from today on Chinese electric bicycles in a move to curb cheap imports that European producers say are flooding the market. The duties are the latest in a series... read more
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| Google hit with record US$5b antitrust fine EU antitrust regulators hit Google with a record 4.34 billion euro (US$5 billion) fine yesterday for using its Android mobile operating system to squeeze out rivals.... read more
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| Air China crew punished, flights slashed CHINESE authorities have cut flag carrier Air China’s Boeing 737 flights and revoked the flying licences of the cockpit crew involved in a mid-air emergency sparked by a co-pilot’s vape smoke. An Air... read more
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| China and Europe move closer on aviation The fast-growing market demand for civil aircraft and the rapid development of the aviation industry offer unprecedented opportunities for cooperation between China and Europe, which has seen remarkable... read more
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| China vows to better business environment China will work to tackle the weak areas in its business environment to further improve overall competitiveness and sustain the sound momentum of steady economic performance, the State Council’s executive... read more
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| Overseas insurance firms ride reform wave FOREIGN insurance brokers are riding on the wave of China’s reform and opening-up policies after they won approval to widen the range of their operations. Willis Insurance Brokers Co Ltd, a subsidiary... read more
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| Ascentage raises US$150m to fund new cancer drugs SUZHOU-BASED Ascentage Pharma said it has raised US$150 million in series C funding for its pipeline of innovative cancer drugs as Chinese drug developers move to turn lab work into new drug launches... read more
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| Study: Booming affluent class optimistic China’s rising affluent population — expected to hit 280 million by 2020 — showed more financial confidence despite economic headwinds, a survey showed yesterday. The 2018 China Rising Affluent Financial... read more
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| Amid structural shifts, economy stays resilient DESPITE mounting external uncertainties, China’s economy remained resilient with a sustainable growth pattern that will help it meet its growth target for the year. The country’s gross domestic product... read more
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| DMCC: Make the world connected by trade So why are we here? Perhaps a better question would be why wouldn’t we be? After all, Dubai and China are longstanding partners. There are around 200,000 Chinese nationals living and working in the UAE... read more
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| June housing prices remain stable Housing prices in major Chinese cities remained stable in June as local governments continued to curb the property sector, official data showed yesterday.... read more
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| Ping An to target high value clients PING An Bank said yesterday it aims to build a high-quality investment information-sharing platform for its high net-worth clients through systematic joint operations with fund management companies. The... read more
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| E-commerce discounter Pinduoduo in US IPO SHANGHAI-HEADQUARTERED discount platform Pinduoduo is seeking to raise US$1.63 billion in an initial public offering on the NASDAQ as it joins a number of Chinese Internet companies seeking offshore listing... read more
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| Didi, Booking.com in US$500m tie-up Didi Chuxing said yesterday online accommodation and travel services provider Booking Holdings has invested US$500 million in the ride-hailing company as the Chinese firm links with partners to offer... read more
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| Shanghai’s economy gathers pace as GDP expands by 6.9% in H1 SHANGHAI’S economy grew 6.9 percent year on year in the first half, up from 6.8 percent in the first quarter and also 0.1 percentage points higher than the national growth rate, the Shanghai Statistics... read more
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| ODI jumps, helped by B&R money CHINA’S non-financial outbound direct investment saw steady growth in the first half of 2018, official data showed yesterday. Domestic investors made US$57.2 billion of non-financial ODI in over 3,600... read more
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| Tax revenue jumps 15.3% in first half China saw steady tax revenue in the first half of this year, the taxation authority said yesterday.... read more
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| Household consumption seen rising CHINA’S household consumption is expected to rise steadily in the second half of the year, international investment bank UBS said yesterday. The rising domestic consumption is expected to be supported... read more
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| Manufacturing, mining spur US industrial production increase US industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter.... read more
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| China confident of meeting its growth target China is confident and capable of achieving its annual growth target and it has ample policy tools to address shocks from external uncertainties, a senior official with the top economic planner said y... read more
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