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Tag Archives: China

Global banks curb China travel

A UBS advertisement is displayed on top of a commercial building in Hong Kong in May last year. (Reuters photo) HONG KONG: Global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said. BNP Paribas and JPMorgan have ...

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China is funding the future of American biotech

Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine. It’s been a record year for US medical investing, but investors in Beijing and Shanghai are now increasingly leading the largest deals for US life science and biotech companies. In fact, Chinese venture firms have invested more this year into life science and ...

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China says must balance stable growth and risk prevention

BEIJING (Reuters) – China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country’s cabinet, said on Sunday following a meeting of top economic and financial policymakers. FILE PHOTO: Workers are seen amid steel bars at a construction site of a high… Reuters: Business News

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Pompeo warns Panama against doing business with China

By Edward WongThe New York Times Fri., Oct. 19, 2018 PANAMA CITY, PANAMA—U.S. Secretary of State Mike Pompeo says he warned President Juan Carlos Varela of Panama about doing business with China. Pompeo criticized Chinese state-owned enterprises that engage in “predatory economic activity.”

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Tesla secures Shanghai site for $2 billion China Gigafactory

BEIJING (Reuters) – Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday. The land agreement marks a key step toward the firm and its Chief Executive Elon Musk making cars locally in China ...

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