The recently missing-in-action chairman of CEFC China Energy Ye Jianming is to step down as head of the company, reports Reuters, following a statement from an unlikely source: the office of the president of the Czech Republic. The announcement came as CEFC’s Czech subsidiary CEFC Europe backed out of a record deal in the Czech […]
Category: Business Practice
BOOK REVIEW
Chinese conglomerate HNA Group Co. is continuing its frantic asset-shedding by, this time, selling off $2.2 billion of China-based properties, Bloomberg reports. The company, whose rapid expansion in recent years was fueled by aggressive borrowing, is now trying to scale back its looming debt obligations. Among the nine properties up for sale are Shanghai HNA […]
CRYPTO IN CHINA
Forty-five US trade associations have signed a letter to President Donald Trump highlighting the economic damage further tariffs on Chinese products will have for consumers, Reuters reports. “We urge the administration not to impose tariffs and to work with the business community to find an effective, but measured, solution to China’s protectionist trade policies and […]