A new rule introduced by China’s financial regulators, aimed at restricting the amount of capital flowing out of the country, has temporarily reversed the decline of the renminbi’s value.
China looks to retaliate against the U.S. in the event of a Trump-initiated trade war by launching probes against American companies with Chinese operations.
Virtual currency Bitcoin made a reversal of its recent rise and dropped 20 percent against the dollar on Thursday, Jan. 5, after only two hours of trading, as buyers became wary that China will introduce new measures to restrict movement of money out of the country.
American automotive giant Ford has posted record sales in China, having sold 1.27 million cars in the country in 2016.
Chinese ride-sharing giant Didi Chuxing has agreed to buy up Uber's China business and now has plans to expand to foreign countries. It just made a big deal to support Brazil-based Uber rival 99 that a spokesperson reported is worth over $100 million. The Brazilian company plans to use the funds to win Brazil and expand to other South American countries.
China’s e-commerce giant Alibaba is reportedly selling cargo spaces to merchants on Maersk container ships through its One Touch platform, a Reuters report said.
After not reaching their income targets for the last year, high-ranking Apple employees did not receive the entirety of their bonuses.
As China’s northern cities are trying to warm up in the cold weather using coal and endure the smog and heavily polluted air, the problem of the country’s energy gap is becoming more evident.
The model for the electric vehicle (EV) to be mass-produced by U.S. startup Faraday Future (FF) and financed by Chinese tycoon Jia Yueting was launched on Tuesday, Jan. 3, at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, Global Times reported.
China's hotel room supply glut is finding a silver lining in hip and young travelers looking for a more distinctive type of accommodation.
Tata group's auto component-making firm, Tata AutoComp Systems Ltd., stated that it has finished the acquisition of TitanX, a global engine cooling supplier.
China Mengniu Dairy Co Ltd has offered to acquire China Modern Dairy Holdings Ltd for $826 million in a deal that will help secure a stable supply of raw milk from the Chinese diary giant.
China has pushed back against “extreme” tariffs on its exports amid fears in Beijing that U.S. President-elect Donald Trump will embark on a policy of economic protectionism upon assuming office in January 20.
Despite the exploding Galaxy Note 7 fiasco, Samsung Electronic's bottom line remained fire-proof and managed to post fouth quarter earnings touted to be the highest in three years.
