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US bank card firms apply to enter Chinese market in months

2017-07-21

US-based payment card companies, including American Express, MasterCard and Visa, are preparing to submit licence requests to operate in China within months, according to a Reuters report.

Jaguar opens first overseas plant as Brexit looms

2017-07-21

British multinational automotive company, Jaguar Land Rover opened its first overseas engine plant on Friday, picking China for the investment a week after saying it would build a global model entirely outside Britain for the first time.

Mexico says renegotiating NAFTA is good for agricultural sector

2017-07-20

Mexico's Minister of Agriculture, Jose Calzada, said on Wednesday that the upcoming renegotiation of the North American Free Trade Agreement (NAFTA) deal with the US and Canada will be positive for the Mexican agricultural sector.

US steel policy may trigger a global trade conflict

2017-07-19

As the White House seeks to turn steel imports into a national security matter, the issue is alienating not only China but also the United States' NATO allies. "They're dumping steel and destroying our steel industry, they've been doing it for decades, and I'm stopping it. It'll stop,"

Alibaba's Jack Ma calls for seizing the future to seek broader China-U.S. cooperation

2017-07-19

Jack Ma, the founder and chairman of Chinese e-commerce giant Alibaba, said here on Tuesday that Chinese and U.S. business leaders should join force to set for broader cooperation between the world's two-largest economies in the future rather than focusing on "the problems of the past."

Real estate sales cool in China's first-tier cities

2017-07-19

Beijing and Shanghai were among the large Chinese cities to see month-on-month declines in property prices in June. Prices in Beijing dipped 0.4 percent – the biggest drop in two years, and in Shanghai prices fell 0.2 percent.

China, Poland to deepen mutually-beneficial Belt & Road cooperation

2017-07-17

China and Poland should seize the new opportunities from the Belt and Road Initiative and the "China-CEE 16+1 mechanism" to enhance mutually-beneficial cooperation, China's top legislator Zhang Dejiang said in an official friendly visit to Poland between July 12 and 16.

Burberry bloodied by shareholder pay revolt

2017-07-15

Burberry shareholders have staged another protest against executive pay at the luxury firm, three years after its strategy was voted down.

The future of Bitcoins: Legalizing the digital currency

2017-07-14

Bitcoin, the primary cryptocurrency or digital currency, has been publicly traded in China only as a form of investment, but is not allowed to circulate as a legal currency by Chinese banking regulators.

Qatar Airways chief says Gulf states ‘bullying’ will hit profits

2017-07-14

Qatar Airways' outspoken boss, Akbar Al-Baker on Thursday called the four Arab nations (Saudi Arabia, the United Arab Emirates, Bahrain and Egypt) "bullies", adding that the airline's profits would take a hit over the dispute.