China and India both reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy. Get the full story »
Filed under: China
Motorola Solutions Inc. and Huawei Technologies Co. said Wednesday they have agreed to settle all pending litigation between the companies. Get the full story »
Caterpillar Inc. said Friday it agreed to form a joint venture with a Chinese transmission manufacturer that will build drivetrain systems and other components for Caterpillar machinery and produce a line of automatic transmissions for highway travel. Get the full story »
Walt Disney Co. Chief Executive Robert A. Iger was joined by Shanghai’s Communist Party chief and the city’s mayor Friday to officially commence construction of a long-awaited theme park that will give the Burbank company a critical beachhead in mainland China.
In a carefully staged groundbreaking ceremony interspersed with singing and dancing, Iger said the new park would feature a blend of East and West and underscored the importance of the $3.7-billion project for Disney. Get the full story »
China has missed a deadline to comply with a World Trade Organization ruling against restrictions on foreign companies distributing copyright-intensive goods including books, newspapers, films, DVDs and music, U.S. movie and music groups said Monday. Get the full story »
Google Inc. on Monday accused the Chinese government of making it difficult for Gmail users to access the service in the country, the latest development in a rocky relationship between the two. Google said any difficulty users in China may have faced in the past few weeks accessing its email service was likely to be the result of government blocks, a Google spokeswoman said in a statement. Get the full story »
China swung to a surprise trade deficit in February of $7.3 billion, its largest in seven years, as the Lunar New Year holiday dealt an unexpectedly sharp blow to exports.
When it comes to protecting consumers, American politicians in China don’t always practice what they preach, unpublished U.S. diplomatic cables show.
In 2007, two U.S. congressmen private admonished a Chinese official about the spike in potentially harmful made-in-China products being shipped around the world, according to a cable from the U.S. embassy in Beijing obtained by WikiLeaks and provided to Reuters by a third party. Get the full story »
U.S. President Barack Obama said Wednesday he had chosen Commerce Secretary Gary Locke to be the next U.S. ambassador to China, replacing Jon Huntsman, a Republican who is stepping down and mulling a run for the presidency.
Chinese anti-trust regulators have extended their timeframe for reviewing Schaumburg-based Motorola Solutions Inc.’s planned sale of its networks business to Nokia Siemens Networks.
Motorola and NSN announced the $1.2 billion deal in July 2010 and the companies expected to close the deal by the end of 2010, but this deadline was delayed pending approval from the Chinese Ministry of Commerce’s Anti-Monopoly Bureau. The companies then targeted the first quarter of 2011 for closing the transaction, and Motorola had affirmed this timeframe as recently as two weeks ago. Get the full story »
Apple chief executive Steve Jobs has expressed interest in developing an iPhone based on China Mobile’s fourth-generation telecoms standard, the chairman of the Chinese telecoms operator said Friday.
“Jobs has said he’s very interested in developing an iPhone that will run on TD,” China Mobile Chairman Wang Jianzhou said on the sidelines of the Chinese Communist Party’s consultative meeting. Get the full story »
HNA Group, China’s fourth-largest airline group and parent of Hainan Airlines Co., said it will sign aircraft purchase orders on Tuesday with leading aircraft manufacturers, including Chicago-based Boeing Co. and Airbus.
HNA was planning to sign an aircraft purchase agreement and a memorandum of understanding with leading aircraft makers, also including Dassault Aviation SA and Gulfstream Aerospace at the event, it said in a media invitation for the signing ceremony.
There has been speculation that the HNA orders could include Airbus’ A380s as the Chinese government is calling for the purchase of more wide body planes to help ease air traffic congestion. Get the full story »
The United States owes considerably more money to China than previously reported, the Treasury Department said on Monday as it revised Beijing’s holdings of U.S. Treasury debt sharply upward to $1.160 trillion.
The $268.4 billion increase over figures reported on February 15 was contained in a survey of foreign portfolio holdings of U.S. securities released on Monday. The report attributed Treasuries holdings to China that were previously counted in other countries where broker-dealers made purchases.
The United Kingdom has typically been a country where brokers have purchased Treasuries for central banks and investors elsewhere, including China. Get the full story »