A long-awaited trading link in China is close to becoming a reality, and that’s got people talking about the country’s heavyweight status in financial markets. A link connecting the Shenzhen and Hong Kong stock exchanges is slated to open Dec. 5, making hundreds of China’s fastest-growing companies available to foreign investors. The Shenzhen-Hong Kong Stock Connect also “will essentially create …
China to invest $174 billion in hydro and wind
China will spend at least 1.2 trillion yuan ($174 billion) on hydro and wind energy infrastructure between 2016 and 2020, the National Energy Administration (NEA) said in blueprint document for the two industries. NEA said construction of new wind farms would provide about 300,000 new jobs by 2020. In addition, the country aims to have a market-based subsidy system for …
China and Trump Make Copper a Red-Hot Bet
Copper’s 14-day winning streak is the longest on record for at least 28 years Copper has become the favorite commodities trade, a sign that investors believe economic-growth prospects are improving from China to the U.S. Prices for copper have closed higher 14 days in a row, the metal’s longest winning streak on record for at least 28 years. That run …
China’s ‘monkey king’ picks next US president
SHANGHAI: A Chinese monkey has tipped Donald Trump for the US presidency, a tourism park said, after the creature successfully predicted the winner of football’s European Championship final earlier this year. Known as Geda — which means knots or goose bumps — is the latest in a series of purportedly psychic animals that have popped up around the world since …
China’s policing robot: Cattle prod meets supercomputer
China’s supercomputing development has a purpose, says U.S. China’s fastest supercomputers have some clear goals, namely development of its artificial intelligence, robotics industries and military capability, says the U.S. But some of the early iterations of this effort seem a little weird. China recently deployed what it calls a “security robot” in a Shenzhen airport. It’s named AnBot and patrols …
Mark Zuckerberg’s Long March to China
The Chinese government likes to control social media and what people do with it—but Facebook looks willing to launch in China anyway. For U.S. Internet businesses, China is the land of moral defeat. Many people hoped that Western technology companies would loosen China’s control over information. Instead, those companies have willingly participated in efforts to censor citizens’ speech. Yahoo gave …
Wal-Mart to invest $50 million in China online grocer New Dada
Wal-Mart Stores Inc will invest $50 million in Chinese online grocery and delivery firm New Dada, the U.S. retailer said on Friday, extending its tie-ups with local online players to help boost sales in the world’s second-largest economy. Wal-Mart shifted its China strategy earlier this year when it sold its own online platform Yihaodian in exchange for a stake in …
China’s ZTO Express Set for Biggest U.S. IPO This Year
Delivery firm set to raise up to $1.3 billion in biggest IPO by Chinese company in the U.S. since Alibaba in 2014 By Alec Macfarlane Updated Oct. 15, 2016 10:08 a.m. ET A logistics company tied to China’s booming online-shopping industry is set to raise up to $1.3 billion in what could be the biggest U.S. initial public offering this …
Alibaba, Spielberg to bring Hollywood to China
ET phoned China. Steven Spielberg’s Amblin Partners and Alibaba Pictures Group, the film unit of Chinese billionaire Jack Ma’s Alibaba Group Holding said on Sunday they will co-produce and finance films for global and Chinese audiences. They will also collaborate on the marketing, distribution and merchandising of Amblin Partner films in China, the companies said in a joint statement. Amblin …
American football is gaining traction in China
Stadium lights glared through heavy Beijing smog, top-40 bass lines shook the stands, the smell of cheap hot dogs filled the air and the Dalian Dragon Kings strutted onto the field, shouting and clapping in their crisp blue uniforms. A few hundred had gathered to watch the Dragon Kings take on the Shenzhen Naja, marking the second game in the …