Tuesday, 20th, 2018 | 12:57AM Updated

Yili - China's Top Dairy Company
China’s Top Dairy Yili Fails to Get Regulatory Approval, Drops Shengmu Investment

China’s leading dairy company Yili cancels its plan to invest in Shengmu after failing to get approval from the antitrust regulator.

Continental Tires
E-Commerce Consumers Can Now Buy Continental Tires from JD.com

JD.com and Continental announced a deal to sell tires to Chinese e-commerce consumers.

New CBRC Chairman Guo Shuqing
China Bans Regulatory Officials from Taking Jobs at Banks After Leaving Posts

China is restricting financial regulators from taking jobs at banks and financial institutions after leaving their posts, the Business Vancouver reported.

Foreign Enterprises in China
China’s Plan for Nationwide Digitalization in Business Registration to Benefit Local, Foreign Companies

The process of business registration in China will soon become easier and cheaper as the State Administration for Industry and Commerce said on April 11 that it is creating a nationwide digitalization platform for corporate registration as well as a new electronic business license. The reform will start by the end of October.

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Alibaba's CEO Jack Ma
Alibaba Selects Brazil as Priority Market, Targets Financial and Credit Sector

Alibaba designates Brazil as a priority market for the company this year. The e-commerce giant targets the country’s finance and credit sector, aiming to help small companies.

Payment through Alipay
World’s Biggest Money Market Fund: Alibaba's Yu'e Bao Has $165.6 Billion Under Management

Four years ago, Alibaba set up a money market fund called Yu’e Bao, where leftover cash from online spending can be stored. Now it has grown to become the world’s biggest money market fund with more than $165.6 billion under management, the Financial Times reported.

China's Chateau Changyu Moser XV Cabernet Sauvignon will be available in Tesco.
Chinese Wine Will Be Available in Tesco; Consumption of Reds on the Rise

Tesco, a British supermarket, will be selling Chinese wine to connoisseurs in the U.K.

China's C919 Large Commercial Jetliner
What’s Keeping China’s First Homemade Large Commercial Jetliner on the Ground?

Although China’s C919, the country’s first homemade large commercial aircraft, passed the final test to be ready for its maiden flight, some analysts believed it would still take time for China’s C919 fleet to be exported and used in other countries, according to a Forbes article.

Alibaba's Jack Ma and U.S. Businesses
How Valuable Is Alibaba's Gateway 17 Summit in Detroit to US Businesses?

Many U.S. businesses will have the chance to break into China’s fast-growing market and sell their products to consumers in the world’s second largest economy, as Alibaba is set to host the Gateway 17 Summit in Detroit on June 20 and 21, according to Forbes.

Canada's Lumber Industry
Canada Woos China to Buy Its Softwood as US Imposes Duties on Lumber Imports

Canadian International Trade Minister Francois-Philippe Champagne, along with representatives of its softwood lumber industry, arrived in Beijing on Tuesday, April 25, to find a new market for Canadian softwood, the Calgary Herald reported.

Shenzhen Stock Exchange
Shenzhen Stock Exchange’s New Platform to Give Indian Tech Startups Access to Chinese Capital

China’s Shenzhen stock exchange is set to create a new platform which will give Indian tech startups and fintech companies access to Chinese capital, according to an article by livemint.com.

China Stocks Drop
China Stocks Post Biggest Loss as Regulators Continue Crackdown on Shadow Banking, Speculative Trading

The continuing efforts of Chinese regulators to curb shadow banking and speculative trading have triggered the drop of more than 1 percent in China stocks on Monday, April 24, amid signs that the government would allow further volatility in the market, CNBC reported.

U.S. Farmers File Cases Against Syngenta
Syngenta Denies Delay in GMO Corn Approval Caused Drop in Corn Prices, Leading to US Farmers’ Loss

Swiss seed-maker Syngenta AG has denied claims by U.S. farmers that it was responsible for the decline in corn prices in 2013 that resulted in their losses.

The AIIB is a multilateral financial institution led by China.
China-led AIIB, World Bank Ink Memorandum of Understanding to Further Foster Cooperation

Asian Infrastructure Investment Bank and the World Bank have recently signed a memorandum of understanding. The deal creates a cooperation framework that lays out how the two will team up in terms of knowledge sharing and staff exchanges.

China's Role in the World Economy
Economists Putting Hope in China to Boost World Economic Growth Outlook

As U.S. consumption weakens, economists are putting hope in China to raise the global economic growth outlook, expecting the country to use its economic muscle to drive spending and implement monetary policies that will sustain growth.

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