Archive for February 16th, 2019

US officials to meet Xi as trade talks end

US officials to meet Xi as trade talks end

16-Feb-2019 Intellasia | AFP | 6:00 AM

Treasury Secretary Steven Mnuchin said the United States had “productive” talks with China over their trade dispute after negotiations in Beijing ended Friday [...]
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China’s phones are slowly conquering Europe, and Huawei is leading the charge

16-Feb-2019 Intellasia | AFP | 6:00 AM

Huawei handsets are hardly to get in the US, where carriers do not sell any of its handsets, but the top Chinese smartphone maker is doing great in other markets. According [...]
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Exclusive: China offers to end market-distorting subsidies but won’t say how

16-Feb-2019 Intellasia | Reuters | 6:00 AM

China has pledged to end market-distorting subsidies for its domestic industries but offered no details on how it would achieve that goal, according to three people familiar [...]
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Chinese sci-fi movie ‘The Wandering Earth’ pulls in $440 million in 10 days

16-Feb-2019 Intellasia | Reuters | 6:00 AM

China’s first science fiction blockbuster, “The Wandering Earth”, has raked in 3 billion yuan ($443 million) in ticket sales in less than 10 days, putting [...]
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Coconut milk gives you bigger breasts, Chinese drink ad insists

16-Feb-2019 Intellasia | AFP | 6:00 AM

A popular Chinese coconut milk manufacturer has again come under fire for adverts and packaging which claim that its beverage will make women’s breasts grow bigger. [...]
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Six firms including JD arm, Dongfeng Motor invest $354 million in China Railway unit

16-Feb-2019 Intellasia | Reuters | 6:00 AM

China’s national railway operator has sold a 15 percent stake in one of its units for 2.37 billion yuan ($349.9 million) to a group of six firms including [...]
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Trump’s trade war with China drives silent wedge between US and Korea

Trump’s trade war with China drives silent wedge between US and Korea

16-Feb-2019 Intellasia | PRI | 6:00 AM

At first glance, things are looking good on the Korean peninsula: US President Donald Trump and North Korean leader Kim Jong-un are planning their second face-to-face [...]
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Grief, and some joy, in a decades-spanning Chinese saga

16-Feb-2019 Intellasia | Reuters | 6:00 AM

“So Long My Son”, a decades-spanning Chinese saga that opens in the aftermath of the Cultural Revolution, was born of a need to re-assess a generation that had no [...]
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Seizing on Huawei’s troubles, Samsung bets big on network gear

16-Feb-2019 Intellasia | Reuters | 6:00 AM

Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalise on the security fears hobbling China’s Huawei, according to [...]
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Exclusive: Alibaba in talks on stake in China operations of Germany’s Metro sources

16-Feb-2019 Intellasia | Reuters | 6:00 AM

Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with Germany’s Metro about taking a stake in the German wholesaler’s China operations, three [...]
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EU, America and China will all get new medicines ahead of Britain after Brexit, drug company boss warns

16-Feb-2019 Intellasia | AFP | 6:00 AM

The EU, the United States and China will get access to new medicines ahead of the UK after Brexit, the CEO of a global pharmaceutical company has said. David Meek, the CEO of [...]
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Alibaba takes 8pct stake in Chinese video platform Bilibili Xinhua

16-Feb-2019 Intellasia | Reuters | 6:00 AM

Alibaba Group Holding Ltd has bought an 8 percent stake in Chinese video platform Bilibili Inc, the official Xinhua news agency reported on Thursday. Alibaba’s [...]
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Forget the Stealth F-22 or J-20: China Has Some Serious Plans for a 6th Generation Fighter

16-Feb-2019 Intellasia | National Interest | 6:00 AM

Why is Beijing rushing into a sixth-generation project when the dust has barely settled on their current flagship? With China’s flagship fifth-generation fighter fresh [...]
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China ride-hailing giant Didi to lay off 15pct staff this year: source

16-Feb-2019 Intellasia | Reuters | 6:00 AM

Didi Chuxing will lay off 15 percent of its staff or about 2,000 people this year, a source said, marking the ride-hailing firm’s first major cut back as it grapples [...]
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US-China trade war having ‘no effect’ on China steel, amid surging domestic market and tariff exemptions

16-Feb-2019 Intellasia | SCMP | 6:00 AM

* New study shows Chinese steel producers are enjoying more exemptions from tariffs than those from Canada, South Korea, Spain and the United Kingdom * China increased its [...]
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