China must commit to fundamental changes in its behaviour if it wants to avoid a cold war-style scenario with the United States, said Vice President Mike Pence in an interview with the Washington Post. “I think much of that will depend on Argentina,” said Pence, referring to the upcoming meeting between President Donald Trump and […]
Category: Brief
Growth in real estate investment in October dropped to a 10-month low while home sales continued to decline, suggesting that developers are shelving plans as the market loses momentum. Investment in real estate development grew 9.7% year-on-year for the year through October, down from 9.9% for the first three quarters, official data showed. New construction […]
China will introduce a cap-and-trade system for vehicle emissions that will be applied to the country’s largest electric car manufacturers from 2019, forcing firms to chase more efficient models to avoid government fines, Bloomberg reports. China, the world’s largest electric vehicle market with over 1 million units sold so far in 2018, will introduce a credit […]
China’s businesses are starting to feel a squeeze on profits as financing channels remain dry and threats of a US trade war still linger, Reuters reports. China Inc. recorded net profit growth of just 3.9% in the third quarter of 2018, down from consistent annual increases of between 20% and 55% in each quarter for […]
Chinese tech powerhouse Tencent surprised with a 31% rise in profits in the third quarter on the back of strong growth in its advertising, mobile payments and cloud services businesses, which compensated for a lull in game sales, the Financial Times reports. The company posted net profits of Rmb 23.3 billion ($3.3 billion), compared with […]