BIZ

Era of easy money ending in China


Monetary policy will probably get tighter this year in China, but experts said that a liquidity crunch is unlikely in the world’s second-largest economy.


Former Volkswagen chairman mulls sale of controlling stake

Former Volkswagen Group chairman Ferdinand Piech, owner of 14.7 percent of the voting shares in Porsche SE, is said to be discussing sale of his stake, local media reported on Thursday.
Source: Xinhua | 2017/3/24 8:14:21

China automaker Geely to build electric black London taxi cabs

Chinese automaker Geely has invested 300 million pounds (373.59 million US dollars) in a new factory to build electric versions of the famous black London taxi cabs.
Source: Xinhua | 2017/3/24 8:11:52

Apple courts controversy in China on RED branding

Apple's soon-to-be-launched red iPhones have stirred controversy in the Chinese mainland after netizens found that the (Product) RED branding was removed from Apple's Chinese mainland website and the (RED) initiative is supportive of the Dalai Lama who is seen as a secessionist by China.
Source: Global Times | 2017/3/23 22:18:40

Verizon, AT&T suspend ads

US wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday (US time) that they have suspended digital advertising on Google's YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos.
Source: Reuters-Global Times | 2017/3/23 22:13:40

Fujitsu, Lenovo delay PC deal

Japan's Fujitsu and China's Lenovo Group will postpone plans to integrate their personal computer operations until next month or later, Japanese public broadcaster NHK reported Thursday on its website.
Source: Reuters-Global Times | 2017/3/23 22:13:40

Chery complains against Mercedes

Chinese automaker Chery Automobile Co has filed a complaint with the country's trademark regulator over German carmaker Mercedes-Benz's use of the "EQ" name for a line of green-energy vehicles, throwing a potential road block for the Daimler AG unit in the world's largest electric car market.
Source: Reuters-Global Times | 2017/3/23 22:13:40

Shaanxi Aokai Cable won bids before starting production: report

Shaanxi Aokai Cable Co, which used substandard cables for the subway system in Xi'an, Northwest China's Shaanxi Province, reportedly won bids and signed contracts before starting production.
Source: Global Times | 2017/3/23 22:13:39

Figuratively speaking

China’s non-financial direct investment into Israel in 2016, up 46.2 percent year-on-year, data from the Ministry of Commerce showed on Thursday. The two countries will steadily boost cooperation in key sectors including chemicals, food and information technology under the framework of the “One Belt, One Road” initiative, ministry spokesman Sun Jiwen said during a regular press conference.
Source: Global Times | 2017/3/23 22:03:40

ZTE Corp pleads guilty in US in Iran technology sanctions case

Chinese telecom equipment maker ZTE Corp on Wednesday (US time) pleaded guilty in US federal court in Texas for conspiring to violate US sanctions by illegally shipping US goods and technology to Iran.
Source: Reuters-Global Times | 2017/3/23 22:03:40

Sinopec buys first major refinery in Africa for $1b

China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday.
Source: Reuters | 2017/3/23 22:03:39

Philips Lighting announces agreement with China Mobile

Philips Lighting announced on Thursday that it had signed a memorandum of understanding (MOU) with China Mobile Research Institute, the research and development center of China Mobile, to explore the potential of cellular Internet of things technology for connected lighting for smart cities.
Source: Global Times | 2017/3/23 21:58:40

Innovation presents wealth of new job opportunities: expert

Despite concerns that innovation could cost jobs in some traditional sectors, new technologies could present a wealth of new opportunities for companies and workers, a top expert at global consultancy firm EY said on Thursday, adding that China has done a "remarkable" job of supporting innovation.
Source: Global Times | 2017/3/23 21:58:39

Link would promote mixed-ownership reform, broad market access

Shares in China Southern Airlines (CSA) were suspended from trading in the A-share market in the Chinese mainland and on the stock exchange in Hong Kong on Thursday, following reports that American Airlines might take a stake in the carrier.
Source: Global Times | 2017/3/23 21:53:40