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[19 Dec 2016 | No Comment | ]

New rules governing Chinese airline startups are fuelling hopes at Embraer SA, Bombardier Inc and other regional jet makers for a spike in orders next year, but local competition and doubts about size restrictions still loom as major obstacles.
The new policy is aimed at encouraging fledgling carriers to boost domestic flights serving secondary markets in China rather than focusing exclusively on big cities. The three-month old policy has still not been published in its entirety, leaving the industry guessing on some key details.
But provisions include scaling back access to major …

Money Matters »

[17 Dec 2016 | No Comment | ]

Japan surpassed China in October as the largest foreign owner of U.S. Treasury securities, the first time the countries have swapped places in nearly two years. Total foreign holdings fell for a fourth month.
The Treasury Department says that total foreign holdings dropped 1.9 percent to $6.04 trillion in October. Foreign holdings of Treasury debt are down 3.9 percent from a recent peak of $6.28 billion set in March.
Both Japan and China cut their portfolios in October. But China’s reduction was a larger 3.6 percent to $1.12 trillion. Japan trimmed its …

Money Matters »

[11 Dec 2016 | No Comment | ]

China has indicated it could relax restrictions on foreign investment in some sectors as it struggles to counter an overseas exodus of capital, while facing accusations of protectionism from U.S. President-elect Donald Trump.
A record-setting wave of Chinese investment abroad has fuelled concern in Beijing over capital flight, reckless spending overseas, and the yuan’s fall against the US dollar.
A notice from China’s economic planning agency late Wednesday said foreign investment restrictions could be eased in sectors such as automotive electronics; rail transport equipment; some mining, agricultural and chemical production; theme …

Money Matters »

[30 Nov 2016 | No Comment | ]

Beijing is tightening screening on Chinese companies’ overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.
Authorities will “combine facilitating foreign investment with guarding against investment risks” by scrutinising proposed deals, said a statement posted on the website of the National Development and Reform Commission, the top economic planner, without giving details.
New restrictions will ban most deals over $10 billion and curb investments of more than $1 billion in sectors unrelated to a company’s core business, Bloomberg News reported, …

Business News & Advice »

[25 Nov 2016 | No Comment | ]

China continued to set the pace for patent applications last year, filing a record 1 million that nearly all focused on its giant home market, the U.N.‘s intellectual property agency said Wednesday.
The World Intellectual Property Organization says China comprised more than one in three of the total 2.9 million patent applications in 2015, followed by the United States and Japan with about a half-million each.
Releasing an annual report, WIPO officials said the e shows the strong demand for protection for intellectual property rights at a time when the world economy …

Business News & Advice »

[19 Nov 2016 | No Comment | ]

Chinese manufacturers are driving growth in the smartphone market as sector leaders Samsung and Apple sputter, a survey shows.
The survey by Gartner Inc. showed that in the third quarter, three Chinese vendors—Huawei, Oppo and BBK Communication Equipment—together accounted for 21 percent of the smartphones sold worldwide, and were the only vendors in the top five to increase sales.
“Sales of smartphones in China grew by 12.4 percent, and the vendors who most successfully exploited the sales opportunities there were Oppo and BBK,” said Gartner analyst Anshul Gupta.
“In Oppo’s case, 81 percent …

Money Matters »

[11 Nov 2016 | No Comment | ]

Chinese shoppers spent more than $1 billion in the first five minutes of Singles Day on Friday, e-commerce giant Alibaba said in the world’s biggest online shopping promotion.
Singles’ Day—named for the repeated digit 1 in the date November 11—was created by Alibaba in 2009.
Now in just 24 hours it surpasses the main US online spending spree, the five days from Thanksgiving to Cyber Monday.
Total gross merchandise volume, Alibaba’s key measure of online sales, had surpassed the 2014 total of 57.1 billion yuan (now $8.4 billion) by 6.54am, the company said, …

Career News & Advice »

[28 Oct 2016 | No Comment | ]

THEY call it the “iron rice bowl”.
Demand for cushy government positions with lifelong job security have led to a record number of applicants in China’s civil service entrance exams, Chinese media reports.
Nearly 1.5 million people applied for just 15,589 positions this year, with a humble receptionist position for a minor political party attracting the most interest with 9837 people vying for the role.
The role at the Beijing offices of the China Democratic League involves receiving guests and serving tea — but requires a bachelor’s degree and two years of “grassroots …

Business News & Advice »

[19 Sep 2016 | No Comment | ]

Boeing has forecast a demand for 6,810 new airplanes in China over the next 20 years. Boeing released its annual China Current Market Outlook (CMO) in Beijing, estimating the total value of those new airplanes at $1.025 trillion.
China is the first trillion dollar aviation market in Boeing’s forecast.
“As China transitions to a more consumer-based economy, aviation will play a key role in its economic development,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “Because travel and transportation are key services, we expect to see passenger traffic grow 6.4% …

Money Matters »

[18 Sep 2016 | No Comment | ]

The U.S. envoy to Canberra has raised concerns about China buying political influence in Australia, after a raft of revelations over Beijing’s financial support for influential figures.
Political donations from foreign sources have become a highly sensitive issue in Australia, which last week saw the resignation of a leading opposition senator after he admitted taking payments to cover expenses.
“We have been surprised, quite frankly, at the extent of the involvement of the Chinese government in Australian politics,” departing U.S. ambassador John Berry said in The Australian newspaper on Wednesday.
“It is an …