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Yuan extends decline against US dollar but remains stable overall

THE Chinese currency extended its decline against the US dollar yesterday, while analysts expect the central bank to place short-term priority on the yuan’s stability against a basket of currencies rather ...

November 22, 2016, Tuesday

US concerns hit Chinese bid for Aixtron

CONCERNS over China gaining access to the secrets of producing a little known material used in military equipment appear to be behind the US block on a 670-million-euro (US$713 million) Chinese bid for ...

November 22, 2016, Tuesday

Aussie businesses keener on China after FTA inked

AUSTRALIAN traders and investors have been more enthusiastic about the Chinese market in the past year after the signing of the China-Australia Free Trade Agreement, a senior official with the Australian ...

Wang Yanlin | November 22, 2016, Tuesday

Anbang seeks Japanese assets

China’s Anbang Insurance Group Co is in talks to buy as much as US$2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the talks said, in what would be Japan’s...

November 22, 2016, Tuesday

4 new data centers for cloud clients

ALIBABA Cloud plans to open four new data centers outside China to grow its customer base beyond the Chinese market and core e-commerce business. The data center in Dubai, the United Arab Emirates, began ...

Ding Yining | November 22, 2016, Tuesday

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Shanghai’s average cost of new home rises to record

ROBUST sales of luxury properties lifted the average cost of a new home to a record in Shanghai last week, data showed. New homes, excluding government-subsidized affordable housing, sold for an average ...

Cherry Cao | November 22, 2016, Tuesday

Deal to buy Portuguese bank stake

A logo of Fosun is seen in Hong Kong. Chinese conglomerate Fosun will become the biggest shareholder in ailing BCP, Portugal’s biggest private bank, by agreeing to buy a 16.7 percent stake. Fosun is paying nearly 175 million euros (US$185 million) via a capital increase. ...

November 22, 2016, Tuesday

Freight train makes history

A freight train waits to depart at Tianjin’s pilot free trade zone yesterday. Loaded with 104 containers of construction materials, it is the first China-Europe freight train to leave the Tianjin FTZ, and is set to arrive in Minsk, capital of Belarus, around December 4. The return trip will carry goods to China, including wood products from Belarus and surrounding countries. The freight service is set to expand to more European cities in the future. ...

November 22, 2016, Tuesday