Private equity firm Warburg Pincus LLC said on Thursday that it has raised a $2 billion fund especially for investing in China.
Automakers partying to record sales in China this year are set for a reckoning in 2017, with deliveries poised to expand at a third of this year's pace. The reason: an increase in a sales tax affecting the biggest segment of the world's largest auto market.
China saw its biggest gasoline and diesel price increase in the past four years late last night, driven up by the output cut by OPEC and other producers.
In late November, 400 officials and business leaders convened in Hamburg for a Sino-European conference to discuss how Brussels and Beijing could navigate through the prospective choppy waters of US trade policy under a new administration. The location of the conference could not have been more fitting.
The China Insurance Regulatory Commission hopes to reduce the proportion of total equity assets held by insurance funds to 30 percent. The limit was raised to 40 percent last year.
Shareholders of US seeds and agrochemicals company Monsanto Co approved the company's $66 billion acquisition by Bayer AG on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017.
Hitachi Ltd will continue to strengthen its elevator and auto parts businesses, and expand in healthcare, internet of things and new generation of vehicles.
Last week, the usually perky young woman staffer at a cafe that I frequent looked crestfallen. Four of the 100-yuan notes she withdrew from an ATM turned out to be fakes.
A report conducted by the Shanghai Academy of Social Sciences found that the top 50 cities in the Yangtze River economic zone vary in the strength of their driving force for technological innovation and suggested ways for them to complement each other.
China Reform Holdings Corp Ltd, a State conglomerate that specializes in the restructuring and recapitalization of State-owned enterprises, is planning to boost its financial arm to help clear the debts of State-owned enterprises and increase their efficiency.
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Raymond Zhou
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Chen Weihua
