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May, 29, 2016

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China
China developer Wanda opens theme park to take on Disney
China's largest private property developer, the Wanda Group, opened an entertainment complex on Saturday that it's positioning as a distinctly homegrown rival to Disney and its US$5.5 billion Shanghai theme park opening next month.
 
Chinese detergent maker sorry for harm done by racist ad
BEIJING-- A Chinese laundry detergent maker apologized for the harm caused by the spread of an ad in which a black man "washed" by its product was transformed into a fair-skinned Asian man.
 
US steel probe 'reflects trade protectionism'
China will safeguard the interests of its steel producers by appealing to the World Trade Organization after the United States launched an investigation of Chinese companies for alleged price-fixing, the Ministry of Commerce said on Friday.
 
Investment strategists advised Chinese investors to buy government bonds issued in Asia's emerging markets, as they expect the returns on investment for such bonds will keep rising.
 
Virtual fantasy planned on a grand scale at Guizhou theme park
Plans have been unveiled for a groundbreaking virtual-reality theme park where visitors can find themselves immersed in a world living with aliens, riding UFOs and fighting dragons.
 
Deal close on AC Milan stake
A Chinese consortium has agreed to buy an initial 70 percent stake in Italian Series A soccer club AC Milan, with negotiations continuing over the sale of the remaining 30 percent, a person familiar with the talks told China Daily.
 
A mainland Chinese detergent commercial showing a black man stuffed into a washing machine and transformed into a fair-skinned Asian provoked outrage this week, but the company behind the clip says it is foreign critics who need to lighten up.
 
Heir of change
Like many retail employees, Greg Penner started his first job at WAL-MART Stores Inc as a trainee, in its Siloam Springs, Arkansas store.
 
Mainland China said on Friday that Japan's World War II violence is more worthy of remembrance than the atomic bombing of Hiroshima, ahead of a historic visit by U.S. President Barack Obama.
 
Restructuring, buys take toll on China's Lenovo
China's technology giant Lenovo Group reported its first loss in six years which it blamed on the cost of previous acquisitions and restructuring, as well as the declining sales of smartphones and personal computers.
 
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