Mark Schlarbaum about Amazon

Amazon Prime launches in China

Amazon announced today it’s bringing a version of its Prime membership program to customers in China, which will include free, cross-border shipping from the Amazon Global Store as well as no minimum free domestic shipping, the company says. The service, which will compete with local rivals like Alibaba and JD.com, will cost 388 yuan ($57.23) per year after the first …

Basketball-Mark-Schlarbaum-China

NBA to open NBA Academies in three cities in China

Training centers in Urumqi, Jinan and Hangzhou will be staffed with NBA-trained coaches Fran Blinebury NBA.com BEIJING — NBA commissioner Adam Silver announced the launch of NBA Academies, an international elite development initiative that will consist of a network of elite training centers around the world to develop top international male and female prospects. The first three academies will open …

Infrastructure Mark Schlarbaum

HSBC warns that firms risk missing out on China’s infrastructure boom

More and more companies might be using the renminbi (yuan) to do business with China, but few are capitalizing on the government’s new infrastructure initiatives and are missing out on potential business opportunities, according to a new survey by HSBC. Of the 1,600 senior executives across 14 countries asked by the bank’s commercial arm, 24 percent confirmed that their business …

Basketball-Mark-Schlarbaum-China

Space Jam: China appoints basketball star as ambassador to Mars

Basketball star and internet celebrity Yao Ming has been appointed China’s ambassador to Mars. Ming won’t have to pack his bags though, instead carrying out his duties from Earth, as he promotes the country’s first mission to the Red Planet in 2020. The 2.29 meter (7ft 6 in) tall sportsman will help to generate interest and support for China’s bid …

Manufacturing in China - Mark Schlarbaum

China official manufacturing PMI shows factory activity continued apace in September

Activity in China’s manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained. The official Purchasing Managers’ Index (PMI) stood at 50.4 in September, identical with the previous month’s level. A reading above 50.0 shows growth on a monthly basis. September’s 50.4 reading matched the prediction of a …

China puts final touches to world's largest telescope

China puts final touches to world’s largest telescope

The $180m radio telescope, the size of 30 football fields, is expected to be operational by September, state media says. China has put the final piece of what is set to be the world’s largest radio telescope in place, state media have reported. The “Five-hundred-metre Aperture Spherical Telescope”, or FAST, is the size of 30 football fields and has been …

China 5 Year Plan

KraneShares Offers Smart Beta ETF With “All China” Exposure to the “New China” Economy

The newly revamped KraneShares Zacks New China ETF (ticker: KFYP) is a smart beta strategy that offers exposure to the sectors targeted for growth by China’s 13th Five Year Plan. KFYP holds companies listed in Mainland China, Hong Kong and the United States. NEW YORK, NEW YORK (PRWEB) JUNE 22, 2016 Krane Funds Advisors, LLC, the investment advisor for KraneShares …

Gateway to a new China boom

For 100 days a year, the wind howls at near-gale force in Alashankou, which sits in the narrow mountain pass linking China to the Eurasian steppe to the west. Although the nearby peaks are capped with snow, even in summer, down here in the valley it’s hot and desolate, as if the mountains have sucked all the moisture from the …

China Will Build an Extensive Port City in Sri Lanka’s Capital

Trump Has a Point About China Steel

There’s a U.S. election campaign on, so it’s no surprise that everyone’s talking trade. As happens every four years, it’s been discovered that Chinese manufacturers are solely responsible for hollowing out the U.S. rust belt: “They’re killing us, folks,” in the words of Donald Trump. Chinese mills undercutting American counterparts sounds like a great opportunity for anyone in the business of international trade. And …

China’s Xi to sign trade, aviation deals on eastern Europe visit

Chinese President Xi Jinping is expected to sign a series of agreements in areas ranging from trade to civil aviation during a visit to Serbia and Poland starting this week, diplomats said on Wednesday, as China looks to bolster its presence in central and eastern Europe. Central and east European countries are competing for Chinese investment in everything from banking …