China, which has long had a goal of breaking into the Western-dominated aircraft market, on Friday tested its first large passenger jetliner. The C919, made by state-owned Commercial Aircraft Corp. of China Ltd., or Comac, took off from Pudong International Airport in Shanghai. The new plane is expected to compete with the Airbus A320 and […]
Billionaire Warren Buffett becomes face of Cherry Coke in China
Coca-Cola Cherry bottles to carry cartoon portrait of US businessman whose firm is the drinks company’s largest investor The likeness of billionaire Warren Buffett is to grace Cherry Coke cans in China, where the company’s largest investor enjoys a legendary reputation. Coca-Cola announced over the weekend that a grinning cartoon portrait of the American business […]
Cherry Coke in ChinaChina’s first $100 billion brand
Tencent becomes China’s first $100 billion brand: WPP survey China is continuing its rise as a technology powerhouse, with Tencent becoming the first Chinese brand to top the $100 billion mark, according to a ranking of the most valuable brands in the country. Tencent, owner of messaging app WeChat, is valued at $106.2 billion and […]
China’s first $100 billion brandChina’s Output, Investment Accelerate
China’s Economy Holds Momentum as Output, Investment Accelerate China’s economy started the year on a firm footing as its old growth engines gathered pace, with home sales remaining resilient and steel and aluminum rebounding as prices rallied. Key Points Industrial production climbed 6.3 percent from year earlier in January and February combined, versus median estimate […]
China InvestmentMattel, Alibaba Team Up To Tackle China Toy Market
Mattel (MAT) shares moved up Tuesday on news that the Hot Wheels and Barbie maker is joining forces with China-based e-commerce giant Alibaba (BABA) to market and develop toys for Chinese consumers. The toy maker’s products will be offered on Alibaba’s Tmall marketplace, which serves over 440 million consumers, said the companies in a joint […]
China Toy MarketCheap Chinese cars? Luxury vehicles are more likely from China
The first Chinese automakers to enter the United States will not target the bottom end of the market with econocars, one China expert predicted Thursday. Instead, they will sell small batches of Tesla-style electric vehicles to well-heeled enthusiasts, predicts Michael Dunne, president of the Hong Kong-based consulting firm Dunne Automotive. “Aren’t Chinese companies supposed to […]
Chinese CarsChina’s Growing Ambitions in Space
While Trump works to lay out a new policy for NASA, China is set to conduct a record number of launches this year. In his inaugural address, President Donald Trump said that the United States stands “ready to unlock the mysteries of space,” but given that he has yet to outline his NASA policy, it […]
China’s Growing Ambitions in SpaceChina’s Next Big Short Is Stocks
This Hedge Fund Says China’s Next Big Short Is Stocks When Kevin Smith realized late last year that China was getting serious about defending its currency, his first move was to dial back bearish bets on the yuan. His second move: double down on wagers against Chinese stocks. Smith, whose global macro hedge fund has […]
China StocksRallying for second day on OPEC output cuts and China demand forecast
US crude settles at $53.01, rallying for second day on OPEC output cuts and China demand forecast Oil prices rallied for a second day on Thursday, supported by reports that key members of OPEC were starting to cut production and by forecasts of strong demand growth in China. U.S. crude ended Thursday’s session up 76 […]
China OilChina shakes up 2,000-year-old salt monopoly
Producers permitted to set prices and sell directly to the market China has moved closer to dismantling a 2,000-year-old government monopoly on table salt by allowing producers to set prices and sell directly to the market. The monopoly has supported successive Chinese rulers from the Han dynasty onwards, and helped pay for the construction of […]
000-year-old salt monopoly, China shakes up 2, mark schlarbaum