Permission denied for scheduled call of USS John C Stennis

Credit build-up will end with serious consequences for the global economy, writes George Magnus

Politicians from both countries warn of dangerous climate of public antagonism

Lenders employ financial engineering to evade regulations designed to limit risk

Amor Flora, a Chinese online flower ordering and delivery firm listed on China's New Third Board today, revealed in its prospectus that it had faked orders and revenues over the past two years, in a rare public acknowledgement of a practice known to be prevalent among Chinese companies. From 2013 to July 2015, Amor Flora […]

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Sale of Kidman cattle ranch to foreign-led group ‘not in the national interest’

Chinese smartphone maker Xiaomi Inc. has invested 55 companies during the past two years, four of which are tech unicorns, or start-ups with a valuation of over US$1 billion. In an interview with Tencent Technology, Xiaomi co-founder and head of Xiaomi Ecosystem Liu De said that the Beijing-based company will likely slow down its investment […]

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Cathay Capital Private Equity and Nokia Growth Partners have led a US$35 million investment round in Drivy, Europe’s largest car rental marketplace with 850,000 users across France, Germany and Spain, says a company announcement. Existing investors Bpifrance's Ecotechnologie Fund, Via-ID (Mobivia group) and Index Venture also participated. The latest fundraising brings the total amount raised […]

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Foreign nongovernmental organizations operating in China have always had trouble, and a new law in China is going to now make this operational grey zone even darker. The new law was passed yesterday by the National People's Congress Standing Committee and goes into effect on January 1, 2017. With the new law, the Ministry of […]

Shenzhen-listed Hangzhou Liaison Interactive Information Technology Co. Ltd. has agreed to invest US$20 million in Dehaier Medical Systems Ltd., a NASDAQ-listed medical devices and wearable sleep respiratory products maker in China, according to a company announcement. Liaison Interactive plans to purchase 11 million restricted common shares of Dehaier Medical for US$1.80 per share, which represents […]

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Chinese online travel website Ctrip.com and low-cost airline China Eastern Airlines signed a strategic cooperation framework agreement under which Ctrip …

New Delhi denies it is bowing to pressure from Beijing

New law establishes a list of ‘unwelcome’ organisations banned from operating in the country

Luxury brand acts against Hong Kong shops selling paper handbags as grave offerings

During President Xi Jinping’s inspection tour to Anhui province this week, his speech signaled that the Chinese government is concerned about the fragile recovery and strong stimulus will have to continue in the months ahead, according to a research report by Mizuho Securities Asia Ltd. President Xi paid a special visit to Xiaogang village in […]

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China’s state-owned Tsinghua Unigroup Ltd.'s plan to buy a 24.9% stake in Silicon Precision Industries (SPIL) for RMB11.1 billion (US$1.7 billion), sayshas been terminated by the Taiwanese chip maker, according to an announcement. It did not say the reasons for the cancellation of the transaction, except quoting consideration of subjective and objective factors of the […]

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Unseating of Singapore reflects dominance of currency in UK-China payments

Campaigner and gulag survivor who exposed ‘re-education’ system