It is something in China, about which very little is known in Europe – the business meeting, which builds relationships impossible to break. Often, though, it is also impossible to form, and must be made in a different way, which… Read More ›
business
For Hollywood, the road to China is littered with broken deals – the perils of doing business with China
Hollywood talent agent Jeff Berg flew to Shanghai last summer to celebrate one of his biggest deals — a partnership with Chinese investors in Resolution, his new agency in Century City. Two hundred business executives, government officials, actors and journalists… Read More ›
Multinationals invest less in China because of market access barriers
Multinational firms are planning to invest less in China because of market access barriers and slowing growth in the world’s second-largest economy, a U.S. business lobby said on Tuesday. China’s economy expanded 7.4 percent year-on-year in the January-March quarter, its… Read More ›
Final China HSBC PMI dips to six-month low in January as new orders weaken
Business conditions for China’s manufacturers worsened in January as output and new order growth weakened, a private survey showed on Thursday, pointing to a weak start for the economy in 2014. The Markit/HSBC final manufacturing PMI for January dipped to… Read More ›
Pioneering digital marketing in China
The Chinese market is a key target for global luxury brands and export oriented companies focusing on high-end quality products and services. Setting up a marketing strategy could be the hard part of the job, even for brands and companies… Read More ›
Longer wait for China residency permits irk foreign firms
Foreign executives in China are upset at a new rule that allows authorities to hold passports for up to 15 working days when processing and renewing residency permits, saying it could disrupt essential business travel within China and abroad. The changes are… Read More ›
Analysis: Why China is better than you think
The “imminent” demise of China will have to be postponed…again. The risk to third quarter growth forecasts in the market are now to the upside. On Thursday, HSBC’s China Flash PMI data showed a sharp rebound to 50.1 in August from 47.7 in… Read More ›
Perils of doing business in China – an Australian perspective
The perils of doing business in China have come into focus again recently, with allegations that staff from the British pharmaceutical giant GlaxoSmithKline paid $500 million in bribes over several years. Four executives from GlaxoSmithKline were arrested in July, while… Read More ›
China launches trial carbon trading scheme
It is well-known that when rolling out a new and significant policy, Chinese officials are extraordinary cautious. Those who expect radical shifts over night are always left disappointed. So it should come as no surprise that the latest development in… Read More ›
Growing opportunities in China for Italian design
Italy decided to boost its export of design and furniture products towards the Chinese market, with an official trade promotion programme “La Cina Arreda Italiano” organised by the Italian Trade Commission and the main industrial associations (Federlegno/Arredo – COSMIT, Confartigianato,… Read More ›
China: Liaoning aircraft carrier will have a squadron of aircraft this year
According to CCTV, in an interview with media, NPC (National People’s Congress–China’s parliament) deputy Zhang Yongyi disclosed that this year, the Liaoning “may conduct distant-water tests as such tests are indispensable for an aircraft carrier. Without exception, all aircraft carriers… Read More ›
China’s tight IPO market
The success of most of the leading companies in China today was made possible because of the support they received from private investors at an early stage of their development. However, many private investors in China today may be wondering about… Read More ›
KFC parent Yum’s China earns less due to chicken scandal
KFC parent Yum Brands Inc on Monday warned that it expects 2013 earnings to shrink rather than grow, as it grapples with a food safety scare in China where it makes more than half of its overall revenue. Yum shares… Read More ›
China’s toy industry is in serious trouble
It’s a very difficult winter for the toy industry in Guangdong province. You could say it is an extremely harsh winter, if such occurred in the southern province of China. But more than 50% of all Chinese toy factories are… Read More ›
China’s recent trade statistics have been artificially inflated
Until now, Beijing’s monthly import and export numbers have been considered absolutely reliable, yet there is growing evidence to suggest that in recent months they have been distorted by fabricated transactions. Especially suspect are the export figures for this September… Read More ›
‘Ambitious’ China firms on hunt for overseas mergers and acquisitions
SCMP reports: China “retains its appetite for takeovers to tap new markets and to access technology, especially in Europe, says a sector-leading banker “Outbound mergers and acquisitions (M&A) will remain active next year as ‘ambitious’ mainland firms continue to seek… Read More ›
Surveys point to slowdown in Chinese economy
China’s vast manufacturing sector has been badly hit by slowing new orders, two complementary surveys showed, a sign that the pace of growth in the world’s second-largest economy will weaken well into the third quarter. The final reading of the… Read More ›
China opens door to foreign hedge funds
China has given foreign hedge funds permission to tap its wealthy citizens inside the country for funds to invest overseas, according to people in the industry. The move represents another important step by China to open its capital account –… Read More ›
Slower China economy a worry for Western firms
As China’s economy cools, some big U.S. and European companies are losing what had been one of their surest growth bets. Caterpillar Inc, 3M Co, United Technologies Corp and ABB Ltd are among the manufacturers that have reported weak performances… Read More ›
China buys Boeing 777s, delays Airbus deal
China Eastern Airlines is set to place a $6 billion order for up to 20 Boeing 777 jets, while simultaneously emerging at the centre of an aviation row between China and the European Union by stalling a recent Airbus deal, people… Read More ›
Financial Times says BlackRock, China’s CIC to launch investment fund
BlackRock Inc, the world’s biggest asset manager, and China Investment Corp (CIC), the nation’s sovereign wealth fund, will jointly launch an investment fund likely to be worth several billion U.S. dollars, the Financial Times said. The fund is still in… Read More ›
Chinese investors scramble for a bite of Apple
China’s rigid capital rules ban its citizens from investing directly in Apple Inc but that’s not keeping them from seeking a piece of the iPhone maker’s success by buying shares in its suppliers – and even companies rumoured to be… Read More ›
Big manufacturers more likely to embrace “Made in USA”
Large U.S. manufacturers are much more likely than their smaller peers to move production to the United States from China, according to a survey.
Bankruptcies ripple through Chinese developers
More Chinese property developers have filed for bankruptcy, the South China Morning Post reported on Friday
Wilmar founder triples stake in Singapore’s Perennial
Wilmar International’s billionaire founder Kuok Khoon Hong has tripled his stake in a China property trust and set up a S$500 million ($400 million) investment firm with a former CapitaLand executive, raising his exposure to the real estate sector. Kuok,… Read More ›
BlackRock targets consumers in slowing China
China’s 1.3 billion consumers may be the only thing preventing the world’s second-largest economy from a hard landing that could reverberate across global markets, according to a report issued by asset manager BlackRock Inc on Tuesday. The Chinese economy is… Read More ›
Nestle near buying Pfizer’s baby formula
Nestle, the world’s biggest food group, is closing in on a deal to buy Pfizer’s infant nutrition business for up to $10 billion to boost its business in China and extend its lead in the world of formula milk for… Read More ›
Lingering customers just one hurdle as Starbucks eyes China growth
Starbucks Corp is on the rise in China with ambitious expansion plans but like any big new emerging market there are teething problems, not least of which is that customers love it so much, they stay for hours and hours… Read More ›
Ex-Wall Street bankers bring science to China’s rocky stock market
Ex-Wall Street bankers are betting science can exploit opportunities in China’s often rumour-driven stock market, with some predicting the quant-driven fund industry to grow by as much as 10-fold to 100 billion yuan within a few short years. Former Goldman… Read More ›
U.S. political rhetoric to stay as China widens yuan band
China’s widening of the yuan’s trading band will do little to blunt criticism of its currency policy by the United States and the Treasury Department said on Sunday more progress was needed to correct a “misalignment” of the exchange rate…. Read More ›
China stocks czar faces battle to win back investor trust
In little over six months as China’s top securities watchdog, Guo Shuqing has let loose a flurry of reforms targeting insider trading, market manipulation and dodgy disclosure that have hamstrung China’s stock markets even as its economy surges. But China’s… Read More ›
SEC sues AutoChina for stock manipulation
The US Securities and Exchange Commission (SEC) filed a civil lawsuit against AutoChina International on Wednesday, the third lawsuit in less than two months brought against a Chinese company by US regulators, The Wall Street Journal reported. The SEC alleges… Read More ›
China currency move nails hard landing risk coffin
China’s weekend reform of its currency regime nails shut the coffin on the last remains of doubt about whether the world’s second biggest economy has successfully steered a course past a hard economic landing. Investors were questioning whether the worst… Read More ›
Timeline: China’s reforms of yuan exchange rate
China took another step on Saturday towards turning the yuan into a global currency by doubling the size of its trading band against the dollar to 1 percent. By peeling back trading restrictions on the yuan, Beijing is working toward… Read More ›
Weak China GDP growth no signal for fresh stimulus
Speculation that China’s weakest quarter of annual economic growth since the global financial crisis will trigger a flood of policy support to fight the downturn misses a crucial point – the taps are already turned on. The annual rate of… Read More ›
China draft regulations target futures market fraud
China’s securities regulator issued draft regulations on Friday that aim to crack down on deceptive practices in the country’s securities futures markets through increased supervision and “name and shame”-style disclosure of chronic offenders, official media reported on Friday. The draft… Read More ›
China power giant inks $2.4 billion India project
Power Construction Corporation of China said on Friday it had signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India that will help meet soaring local demand for electricity. The second… Read More ›
Walmart International focusing on own business over deals
Wal-Mart Stores is emphasising improving results in international markets where it already operates, such as China, over entering new markets, its top international executive said on Thursday. “Our focus this year in particular has been on improving returns with our… Read More ›
Slowing China economy may not yet have hit bottom
China is set to reveal its weakest quarter of annual growth in nearly three years on Friday, with investors fretting the economy could cool even further in coming months and further dampen global growth. Economists polled by Reuters expect China… Read More ›
China growth slower in 2012 and recovery mild says World Bank
The World Bank cut its forecast for China’s 2012 economic growth to 8.2 percent on Thursday and said a rebound might not begin before the third quarter of the year as slack foreign demand and a government-induced real estate slowdown… Read More ›
Puda coal scam
The aggressive government mandated consolidation of the coal mining industry beginning in 2009 coincided with the darkest days of the world financial crisis. PUDA management either had to become a consolidator, requiring massive additional capital, or else dispose of its coal businesses. Management, lead… Read More ›
Sino-forest wiping out all traces
Last year Muddy Waters (a firm which specialises in exposing Chinese stock fraud) announced coverage on Sino-Forest, a Chinese timber company with a strong sell and $1 price target-citing fraud. The newsworthy thing about this was that large trading institutions… Read More ›
Longtop fraud willingly backed by Chinese banks
Longtop Financial, a popular Chinese software company, was exposed as a colossal fraud last year .The “cash balance” on Longtop’s balance sheet, it turned out, was fake; a fiction created by the company’s managers and helpers. The Longtop fraud followed… Read More ›
Alibaba Scam By Employees
In July last year, Chinese police arrested more than 36 people charged with duping overseas buyers of more than $6 million, by posing as buyers on the e-commerce website Alibaba. The crux of this scam was the “Gold Supplier” programme,… Read More ›
Pushing the envelope – Inside China’s vast shadow banking sector
Wu Ying’s rise to riches was like a Horatio Alger story on steroids. A native of Zhejiang province, Wu dropped out of college to work in a beauty salon, then later opened her own salon down the street. By 2006,… Read More ›
Cyber attacks – China embraces piracy 2.0
Night Dragon. Operation Aurora. Operation Shady RAT. In the past several years, internet security company McAfee and various media groups have pinned a series of high-profile hacker attacks with names worthy of spy novels on China-based groups. Yet the attacks… Read More ›
