Visits aimed at reasserting New Delhi’s interests over Chinese influence in region
2015-03-10
China has launched a private equity fund to invest in solar panel construction, clean energy and ecological remediation projects to improve the environment of the Silk Road Economic Belt, according to announcements made at a press conference held in Beijing. The Green Ecological Silk Road Investment Fund has an initial capital of RMB30 billion (US$4.8 […]
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2015-03-10
Shenzhen-based cosmetics surgery hospital chain Pengai Hospital Management Corporation, backed by several venture capital firms, has filed for a Hong Kong initial public offering, according to a securities filing. The size and pricing of the IPO have not been determined. The company will use the proceeds for the establishment or acquisitions of larger scale treatment […]
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2015-03-10
Poor restructuring precedents and weak macro data support more cautious approach
2015-03-10
Last month, US President Barack Obama hosted a three-day summit on “Countering Violent Extremism." But, because it is obvious to everyone that most of the violent extremism is being carried out in the name of Islam, avoidance of the word raises more problems than it solves.
2015-03-10
Baird Capital, the private equity investment arm of Milwaukee-based Robert W. Baird & Co., has agreed to lead an undisclosed series A round of financing for Shanghai-based used car auction platform Carsing, according to an official announcement. FLAG Squadron Capital and Delta Capital also participated in the round. The proceeds will be used for Carsing's […]
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2015-03-10
Boost to fleet comes as country seeks to extend its military might
2015-03-10
Finance ministry triples local government bond quota as deficit target rises
2015-03-10
New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. has acquired To8to, an online interior decoration service platform in China, for US$34 million in cash for a minority stake, according to a company announcement. The deal follows the US$267 million acquisition of Chinese real estate listing platform Anjuke earlier this month by 58.com, which is […]
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2015-03-10
China's consumer price index (CPI) increased 1.4% year-on-year in February, up by 0.6 percentage points from the previous month, beating market consensus, according to data released by China's National Bureau of Statistics. Producer price index (PPI) was below market consensus, declining 4.8% year-on-year in February, compared with January's 4.3% drop. The gauge has remained in […]
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2015-03-10
China's export increased 48.3% over a year earlier to US$169.2 billion in February, much higher than market consensus, according to data released by China's General Administration of Customs. Imports declined by 20.5% on a year-on-year basis in February to US$108.6 billion. This led to the record high trade surplus of US$60.6 billion for the month. […]
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2015-03-10
Consumer inflation still below target as producer price decline accelerates
2015-03-10
British department store retailer Marks & Spencer announced that the company plans to shut five outlets in the Shanghai region before August 2015. The company also said that they will continue to invest in the existing flagship stores and their flagship store at Nanjing West Road in Shanghai will complete its renovation this autumn. Marks […]
2015-03-10
In a move that will have China-technology watchers shaking their heads in disbelief, American video website Netflix bravely plans to enter the Chinese market independently without cooperating with local companies. Ted Sarandos, chief content officer of Netflix, also said that the company plans to promote the Chinese-made content to the international market. Sarandos said that […]
2015-03-10
Solving international conflicts may involve thinking as much about emotions as interests
2015-03-10
The struggle for influence in Ukraine is a game that Russian President Vladimir Putin cannot afford to lose. Since gaining the upper hand with the annexation of Crimea, he has been shrewdly forcing a divided and risk-averse West to choose between war a…