Shenzhen from Mark Schlarbaum

Fears in China’s ‘Silicon Valley’ that property boom will hurt tech boom

BY CLARE JIM AND JAMES POMFRET A housing boom in China’s wannabe “Silicon Valley” of Shenzhen risks undermining the city’s tech boom as young professionals consider moving out to avoid the highest residential prices in the country. In the space of four decades, Shenzhen has transformed itself from a fishing village into a manufacturing center and now a tech hub …

WHY ALIBABA WANTS CHINESE SHOPPERS TO BUY AMERICAN

Alibaba Seeks to Sell Stake in Chinese Technology Startup

Alibaba is shopping its stake in company in a deal that could be valued at $1 billion By GILLIAN WONG And RICK CAREW BEIJING—E-commerce company Alibaba Group Holding Ltd. is looking to sell its stake in China’s leading online provider of movie ticketing, restaurant bookings and other on-demand services as it builds a competing platform of its own, according to …

Chinese developer Evergrande strikes $617 million life insurance deal

REUTERS/ALEX LEE Chinese property developer Evergrande Real Estate Group Ltd (3333.HK) will pay $617 million for a 50 percent stake in a joint-venture life insurer, it said in a stock exchange filing on Sunday. The deal was approved by China’s insurance regulator on Friday. Evergrande Nanchang, an indirect wholly owned subsidiary, will pay 3,939,110,600 yuan ($617.08 million) for a 50 …

China’s Malls Go Social in Face of Ecommerce Competition

Michael Cole The expansion of China’s online retail sector, which grew to RMB 12.3 trillion ($1.9 trillion) in 2014, has led many observers to predict dire consequences for bricks-and-mortar commerce in the country. However, despite the impressive growth of Taobao and JD.com, in 2014 retail sales at China’s shopping malls also increased by 7.7 percent compared to the previous year, …

China’s Movies Are a Hit With Investors

China can teach Hollywood and Silicon Valley

Le Vision Pictures’ Zhang Zhao says China can teach Hollywood and Silicon Valley to get along Richard Verrier Hollywood’s flowering relationship with China is showing no signs of wilting. Though China’s economy has slowed, the film business continues to grow in leaps and bounds. The Motion Picture Assn. of America recently predicted the box office in China would surpass that …

BP China

BP seeks closer China ties in multibillion-dollar deals

By Collin Eaton HOUSTON — BP forged closer ties with China on Tuesday, signing a pair of multibillion-dollar energy deals with Chinese companies during Chinese President Xi Jinping’s visit to London. In one transaction, the British oil major and China National Petroleum Corp. agreed to a framework of “strategic cooperation” in exploring China’s vast shale gas resources amid China’s efforts …

China 5 Year Plan

Invest in China’s Five-Year Plan

invest in China’s 13th Five-Year Plan Environmental protection-related shares were up 6.71 percent on Tuesday, the best performers for the day. That’s no surprise given that environmental issues are up for discussion as part of the 13th Five-Year Plan in the coming fifth plenary session of 18th central committee of the Chinese Commuist Party. The meeting is set for Oct. …

chinese remedy

Chinese remedy gets a Nobel prize

Chinese pharmacologist who discovered a treatment for malaria in an ancient Chinese remedy gets a Nobel prize By Joyce Hackel Some of the world’s top scientists toil in anonymity, their breakthroughs recognized only years, sometimes decades after live-saving discoveries. That’s the case for 84-year-old Chinese pharmacologist Tu Youyou. Tu was recognized with a Nobel prize today for rediscovering artemisinin, a …

Chinese Investment In Renewables

Chinese Investment In Renewables ‘Biggest Achievement In The History Of Energy’ afkinsider.com While global oil investments this year are on track to drop by 20 percent — their biggest decline in history — 40 percent of the new renewable power plants in the world come from China, according to Fatih Birol, head of the International Energy Agency. China has brought …

China lauds WTO trillion dollar IT deal, eyes big gains for domestic firms

China’s Ministry of Commerce on Saturday lauded the landmark deal by WTO members to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment. The agreement will further promote global trade and world economic growth, and also inject new vitality into multilateral trade negotiations, said the …

CHINA IS EXPANDING ITS MILITARY INTO AFRICA

SOURCE: HUFFINGTON POST China is steadily expanding its military footprint in Africa, highlighted by the recent deployment of 700 combat-ready troops to join a multinational peacekeeping operation in South Sudan. In all, the People’s Liberation Army and Navy now have an estimated 2,700 soldiers, sailors, engineers and medical staff stationed across the continent. The number of troops deployed in Africa …