China plans world’s biggest spaceplane to carry 20 tourists

China plans world’s biggest spaceplane to carry 20 tourists

Even China can’t resist the lure of space tourism. A state-backed firm is developing a gigantic spaceplane, New Scientist can reveal. The plane may one day fly up to 20 passengers to the edge of space – significantly more people than any other commercial spaceflight firm has pledged to fly to date. The China Academy of Launch Vehicle Technology in …

Meitu of China Built on the Selfie Could Be Worth $5.23 Billion

China’s yuan joins elite club of IMF reserve currencies

China’s yuan joins the International Monetary Fund’s basket of reserve currencies on Saturday in a milestone for the government’s campaign for recognition as a global economic power. The yuan joins the U.S. dollar, the euro, the yen and British pound in the IMF’s special drawing rights (SDR) basket, which determines currencies that countries can receive as part of IMF loans. …

China is building the world's largest city — and it already has more people than South Korea

China is building the world’s largest city — and it already has more people than South Korea

For the past decade, China has been on a mission to build the world’s biggest city by combining a number of large cities into one giant megacity. With a current population of roughly 57 million housed inside a 15,000-square-mile perimeter, the Pearl River Delta is a region roughly the size of West Virginia but with 30 times more people. It’s …

KraneShares Offers Smart Beta ETF With “All China” Exposure to the “New China” Economy

The newly revamped KraneShares Zacks New China ETF (ticker: KFYP) is a smart beta strategy that offers exposure to the sectors targeted for growth by China’s 13th Five Year Plan. KFYP holds companies listed in Mainland China, Hong Kong and the United States. NEW YORK, NEW YORK (PRWEB) JUNE 22, 2016 Krane Funds Advisors, LLC, the investment advisor for KraneShares …

Richest son spends 3.4 billion on Shanghai’s 7-star hotel

Wang Sicong, China’s richest son, spends 3.4 billion RMB to build Shanghai’s first ‘7-star hotel’ Would you like to live in a 7-star hotel without traveling all the way to Dubai? Well, you’re in luck because this Saturday the brand-new Wanda Reign on the Bund is opening in Shanghai. The designer of the ominously-named Wanda Reign is the well-known British …

Mark Schlarbaum on Albania

Albania Becomes Latest China Magnet

China Claus is coming to town! For better or for worse, Chinese companies are replacing traditional European investing partners — namely Italy and Turkey — and helping to develop a country in dire need of modernization, particularly if it wants to move from its European Union candidacy status to a full blown member in the foreseeable future. But, like everything …