China's flash manufacturing purchasing managers index (PMI) came in at 50.3 in August, down from 51.7 in July. The reading is a three-month low. "Today's data suggest that the economic recovery is still continuing but its momentum has slowed again. Therefore, industrial demand and investment activity growth will likely stay on a relatively subdued path," […]

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SIG China and Singapore-based private equity firm Meridian Capital is to exit their stakes of Beijing-based online advertising firm adSage in a trade sale, in which Shanghai-listed BesTV New Media Co., Ltd. will acquire a 51% stake in adSage for $95.88 million, according to a regulatory filing submitted by Shanghai-listed BesTV. SIG China Investments Master […]

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Beijing-based Chinese private equity firm Hony Capital says it has acquired a 20% stake in Chinese farm machinery maker Chery Heavy Industry Co., Ltd. for RMB696 million (US$113.3 million), according to a company announcement. Hony Capital teamed up with Chinese construction machinery maker Zoomlion Heavy Industry Science and Technology Co., Ltd. The two parties paid […]

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Chinese private equity firm Orchid Asia Group Management Ltd. has closed its sixth China fund at its hard cap of US$920 million, above the fundraising target of US$750 million, according to media reports. The vehicle was launched in March, and has received more than US$1.3 billion of interested commitment from limited partners (LPs). In June, […]

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The sense that the nation is entitled to possession of the South China Sea lies deep in a history of viewing its neighbours as inferiors

China Mobile's branches in Shandong, Fujian and Shanxi are reportedly planning employee layoffs and nearly 300,000 staff will lose their jobs. According to reports in Chinese local media, a recent internal document from China Mobile shows that about 62% of employees in this telecom group are part-time staff. To meet the requirements of related regulations, […]