Wednesday, 29th, 2017 | 12:56PM Updated

Chinese-made UAV
Saudi Arabia Inks Deal to Build Unmanned Aerial Vehicles for China

Saudi Arabia has agreed to build unmanned aerial vehicles (UAVs) for China after the signing of a partnership agreement on March 16 between Saudi Arabia's King Abdulaziz City for Science and Technology (KACST) and the China Aerospace Science and Technology Corporation (CASC), IHS Jane’s Defense Weekly reported.

Chinese millennials are now seen as a lucrative market for global businesses.
Airbnb China Rebrands as Aibiying to Cater to Chinese Millennials

Airbnb China has rebranded itself as Aibiying. The move was done for the company to cater to Chinese millennials.

Baidu's Andrew Ng
Baidu’s AI Chief Resigns as China’s Tech Trinity Explores New Growth Paths

Andrew Ng’s resignation as Baidu AI chief may come as a surprise for China’s tech titans but on the day the news came, the three tech giants--Baidu, Alibaba and Tencent--known as China tech trinity, reported a 48 percent increase in their full year revenues.

Premier Li Keqiang with Australian PM Malcolm Turnbull
Australian PM Urges China to Continue Substantial Economic Reforms at Sydney Meeting

Australian Prime Minister Malcolm Turnbull has called on China to continue with significant reforms in the economy, as he highlighted Australia’s strong ties with China and the achievement of the China-Australia free trade agreement (ChAFTA).

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Alibaba's Jack Ma in Singapore
Alibaba’s Taobao Now Linked to Singapore Shoppers via Lazada

Alibaba’s popular shopping site Taobao is now directly linked to shoppers in Singapore through online retailer Lazada’s website, taobao.lazada.sg, a step ahead of U.S. rival Amazon.

Although high property prices look impressive on paper, discretionary spending, a vital driver of Chinese economy, suffers.
Property Bubble in China May Drag Economic Growth Down

Plenty of Chinese people are struggling to meet monthly mortgage payments as China’s home market continue to bubble, an article by Bloomberg reported.

Geely is among the major Chinese carmakers that had an increase in profit margins last year.
Thanks to Volvo's Sales, Chinese Automaker Geely's 2016 Earnings Set to Hit Record High

Chinese carmaker Geely is poised to hit record-breaking earnings for 2016. The increase can be attributed to the sales of its Volvo units.

National SMEs Fund
$18 Million Series Round Led by the National SMEs Fund in Tianyancha

The National SMEs Fund leads $18 million series round in Tianyancha, a Beijing-based business data and investigation platform.

Hebei Steel Factory
China's Steel Overcapacity Reduction: Hebei Steel’s $8 Billion Revamp Project Approved

Hebei’s economic planner has announced approval of the 42.4-billion yuan ($8 billion) project proposed by China’s biggest steelmaker, Hebei Steel Group, which aims to reduce its steel overcapacity by nearly 2 million tons and upgrade old technology.

U.S. Chamber of Commerce in China
US Businessmen Ask China for Faster Review of Biotech Products, Better Access to Farm Goods Market

A group of American businessmen has called on the Chinese government to ease import restrictions on agricultural goods and biotechnology products including genetically modified seeds, the San Francisco Chronicle reported.

China Unicom
China Unicom’s Net Profit Decreased by 94.1%

China Unicom had a net profit of 630 million yuan, a 94.1 percent year-on-year decrease.

Chinese currency
Restricted Sectors for Investment to Be Specified in China’s Rules on Outbound Investment

China will publish this year the rules on outbound investments, specifying the sectors where Chinese firms are encouraged to invest and sectors that are restricted, Chinese state media reported on Tuesday, March 21.

Bosch Chairman Volkmar Denner
Bosch to Develop Internet of Things Solutions, Set Up New Plants in China This Year

Bosch GmbH, the German mobility, industry and software conglomerate, is planning to develop solutions for Internet of Things (IoT) as well as set up new Bosch plants in China this year, Bosch chairman Volkmar Denner announced on Monday, March 20.

G20 Summit 2017
Xiao: Changes Announced at G20 Summit Will Curb Growth of Global Economy

Xiao, who just attended the G20 Summit last week, says that policy uncertainties and the rise of protectionism can hinder global economic growth.

Linklaters LLP
Scrutiny of Outbound Investments--A Stumbling Block for Chinese Acquirers

According to Linklaters, Chinese acquirers see a collapse of deals due to the scrutiny of outbound investments.

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