The principle of subsidiarity, enshrined in 1992 in the EU’s founding treaties, holds that decisions should be made locally whenever possible. But while Europe's politicians have paid lip service to the principle, in practice it has all too often been ignored.

How human trafficking spans the world

Lavish banquets, excessive travel and compulsory gift-giving among violations

Rmb3bn bond to be first sovereign onshore renminbi issuance

Shanghai, China, December 8, 2015 /ChinaNewswire.com/ – AccorHotels, the world’s leading international hotelier, is pleased to announce the opening of Mercure Shanghai Royalton, the 8th property in the group’s midscale Mercure brand to open its door in Greater China. Located in the heart of China’s largest and most vibrant metropolis, Mercure Shanghai Royalton provides guests … >>>

Spy aircraft to be deployed to Singapore in response to China’s growing military presence

Xiamen-based women healthcare mobile app Moiiv has completed an undisclosed series D round of financing led by Cathay Capital Private Equity, with participation from Matrix Partners, according to Chinese media reports. The start-up reportedly received US$35 million series C funding led by SIG China last June. Launched in 2013, Moiiv has daily active users of […]

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Renminbi heads for weakest close in 4 years despite big trade surplus

Shanghai-listed Chinese state-owned BTG Hotels Group has entered into a definitive agreement to acquire NASDAQ-listed domestic rival, Homeinns Hotel Group, for around RMB11 billion (US$1.7 billion), according to a company announcement. An investor consortium, which includes BTG and a number of senior executives of Homeinns, plans to pay US$35.80 in cash for each American Depository […]

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Shanghai-based online education firm Zhan.com has completed US$84 million series C round of financing led by Sequoia Capital, according to a company announcement. Last month, Chinese media reports inaccurately reported that Zhan.com had raised US$60 million in its series C round. Vision Knight Capital, existing investors GGV Capital, Milestone Capital, Shunwei Capital, and Bertelsmann Asia […]

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China’s exports in fell 3.7% year-on-year in November, compared with a 3.6% decline in October. Imports in contracted 5.6% year-on-year in November, from a 16.0% drop in October. The trade surplus remained sizable in November at RMB343.1 billion, compared with RMB393.2 billon in the previous month. China’s foreign exchange reserve declined by US$87.2 billion to […]

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Edmond de Rothschild Investment Partners has invested tens of millions U.S. dollars in Chinese restaurant chain Oriental Dumpling King, according to Chinese media reports. "Dumplings are one of Chinese consumers' favorite staple food, and have potential to expand to other parts of the world," says Pierre-Michel Passy, founding partner of Edmond de Rothschild Investment Partners, […]

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IMAX Corporation says it has added 25 new IMAX theaters across Greater China, surpassing 500 theaters in the region and more than doubling its number of screens from six months ago, according to an announcement. The 25 new IMAX theaters are launched in partnership with IMAX China, the company's China unit backed by China Media […]

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Authorities respond to public anger after recent choking levels of air pollution

The International Finance Corporation (IFC) is to invest up to US$25 million in SBCVC Fund V, L.P., a new fund targeting US$400 million launched by en entity previously known as SoftBank China Capital, according to a disclosure document. SBCVC Fund V, which filed with the U.S. securities regulators in December 2014, plans to continue investing […]

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Taiwanese government officials revealed that Facebook plans to build a data center in Changhua, Taichung. Commenting on the news, Facebook confirmed that they did find a suitable location in Taiwan to build a new data center; however, they have not yet made the final decision. The government officials from Changhua said that Facebook hired a […]