China Regulators Looking at Uber-Didi Deal
Uber and Didi were caught up in a major price war in China, something that was hurting both companies as they fought for control of a major territory. However, Didi gave $1 billion to Uber […]
China
China aims to boost venture capital investment
China’s State Council said it plans to increase support for venture capital investment in an effort to accelerate the growth of startups. The measures will include tax cuts for venture capital investors, approval for state-run […]
SDR bonds issued in China
Bonds worth 500 million special drawing rights issued in China by the International Bank for Reconstruction and Development are the first of their kind issued in more than three decades. The bonds provide a new […]
Consumer sentiment sags in China
China’s road to a more consumption-driven economy appears bumpier, with the Westpac-MNI China consumer sentiment index at 111.5, a 2.2% decrease. The reading is still positive, but four of five subcomponents were down last month, […]
China is launching its first aircraft-engine manufacturer
China is launching its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers, like GE and United Technologies’ (NYSE:UTX) Pratt & Whitney. The state-owned Aero Engine Corp. of China was created by […]
China posts rising industrial profits
An 11% jump in profit at China’s major industrial companies helped lift their profit gain for the first seven months to 6.9% from the year-earlier period. July’s gain was attributed to a low comparison base, […]
China takeover abroad raises tensions
Not all is harmony as China prepares for next month’s Group of 20 summit, with a number of nations resisting China’s push to acquire assets abroad. Such rejection is considered even more confrontational than disputes […]
China strengthens regulations on peer-to-peer lenders
China’s banking regulator has announced strengthened rules for the rapidly growing peer-to-peer lending industry, which has been plagued by widespread fraud and scandals. The new rules prohibit the provision of any guarantees to lenders, bar […]
China seeks to lift economy by cutting corporate costs
China is looking to provide a further buffer in a slowing economy with a policy aimed at maintaining banking system liquidity and containing corporate financing costs. Beijing also plans to lighten the corporate tax load […]