Archive for January 13th, 2017

Chinese Phonemaker Xiaomi Aims to Exceed $14 Billion Sales

13-Jan-2017 Intellasia | Bloomberg | 6:00 AM

Xiaomi Corp., one of China’s most valuable technology startups, is shooting for more than 100 billion yuan ($14.5 billion) of revenue in 2017, even as it pledged to [...]
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Tillerson Says China Can’t Have Access to South China Sea Isles

Tillerson Says China Can’t Have Access to South China Sea Isles

13-Jan-2017 Intellasia | Bloomberg | 6:00 AM

In an apparent toughening of the US’s stance on the South China Sea, President-elect Donald Trump’s nominee for Secretary of State said China must be denied [...]
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China makes awkward free trade champion: experts

13-Jan-2017 Intellasia | AFP | 6:00 AM

As the biggest beneficiary of globalisation, China stands ready to proclaim itself the champion of free trade in the face of a more protectionist US, but analysts say [...]
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Lessons in respect at China’s Confucius kindergartens

13-Jan-2017 Intellasia | Reuters | 6:00 AM

Children in scholars hats bow before a statue of Confucius, the Chinese sage once reviled by Communist authorities but now enjoying a revival as parents look to instil his [...]
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Bitcoin plunges as China investigates exchanges

13-Jan-2017 Intellasia | AFP | 6:00 AM

Bitcoin prices plummeted after China’s central bank announced it was investigating exchange platforms trading in the virtual currency. The People’s Bank of China [...]
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China detains 720, imposes $21.8 million of fines in pollution crackdown – media

13-Jan-2017 Intellasia | Reuters | 6:00 AM

China detained 720 people and Beijing imposed $21.8 million of fines for violating environmental protection laws in 2016, according to domestic media on Thursday. China is in [...]
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China’s anti-Teslas: cheap models drive electric car boom

13-Jan-2017 Intellasia | Reuters | 6:00 AM

More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those [...]
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China Vanke, centre of power struggle, says No. 2 shareholder has a plan

13-Jan-2017 Intellasia | Reuters | 6:00 AM

Property developer China Vanke , embroiled in a high-profile corporate power tussle for over a year, said on Thursday its No. 2 shareholder China Resources Group is [...]
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Trump secretary of state nominee: China should be denied access to S. China Sea islands

Trump secretary of state nominee: China should be denied access to S. China Sea islands

13-Jan-2017 Intellasia | Reuters | 6:00 AM

US President-elect Donald Trump’s nominee for secretary of state set a course for a potentially serious confrontation with Beijing on Wednesday, saying China should be [...]
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Big Is Beautiful on China’s Roads, Where SUVs are Edging Out Sedans

13-Jan-2017 Intellasia | Bloomberg | 6:00 AM

Li Yechen waited four months for his sold-out SUV to arrive at a Chinese auto dealer. He was determined to buck tradition and bypass the trusty sedan that’s a hallmark [...]
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China’s Great Ball of Money Has More Bubbles in Sight for 2017

13-Jan-2017 Intellasia | Bloomberg | 6:00 AM

Call it China’s Great Ball of Money, Whac-a-Mole Finance, or simply a whole lot of liquidity. Whatever term you use for the excess credit trapped in China’s [...]
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Trump’s secretary of state pick hits out at China

13-Jan-2017 Intellasia | AFP | 6:00 AM

Donald Trump’s secretary of state pick Rex Tillerson hit out at China during his Senate confirmation hearing, warning the US would send a “clear signal” [...]
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China’s HNA extends reach to NZ with $460 million purchase of non-bank lender UDC

13-Jan-2017 Intellasia | Reuters | 6:00 AM

HNA Group, one of China’s most acquisitive conglomerates, said it would extend its reach to New Zealand with the $460 million purchase of asset finance firm UDC, [...]
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Chinese investors losing appetite for bonds in 2017

13-Jan-2017 Intellasia | Reuters | 6:00 AM

Stung by a late-2016 tumble in bonds, Chinese investors are signalling a switch into shares this year in the hope of better returns as the economy recovers and as a hedge [...]
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Seagate to cut more than 2,000 jobs in China

13-Jan-2017 Intellasia | Reuters | 6:00 AM

Hard-disk drive maker Seagate Technology Plc said it would cut more than 2,000 jobs as it shuts down its Suzhou factory in China. The latest job cuts were part of its earlier [...]
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