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June, 30, 2016

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China
Fosun-owned Club Med to open Hokkaido resort in 2017
Club Med, the famous France-based resort brand, signed a cooperation agreement with Yuyuan Tourist Mart Co Ltd on Monday.
 
Jinqiao Group denies building Tesla's production base in Shanghai
Jinqiao Group denied on Tuesday that it had signed a memorandum of understanding with Tesla Motors Inc to build Tesla's production facilities in Shanghai.
 
Footage of Chinese bank staff being spanked for poor performance at a training session has gone viral, triggering public anger and the suspension of the bank's boss, reports said Tuesday.
 
Disney: China's theme parks drive A-P growth
The theme park business in China saw its biggest event of the year on Thursday when the $5.5-billion Shanghai Disney Resort opened. It is Disney's sixth park worldwide and the largest in Asia, wowing both local and foreign tourists with exotic experiences and Chinese elements.
 
The mainland bond market, worth approximately 48 trillion yuan (US$7.3 trillion), is the third-largest in the world, behind the United States and Japan.
 
China has built the world's fastest supercomputer using locally made microchips, a survey said Monday, the first time the country has taken the top spot without using U.S. technology.
 
China to roll out second SOE reform list soon
The second batch of State-owned enterprises (SOEs) earmarked for pilot reform is likely to be unveiled in the near future, insiders told Beijing Business Today.
 
Large shareholders of a number of companies listed in Shanghai and Shenzhen have been reducing their holdings since the beginning of May, according to disclosures to the bourses concerned.
 
Adobe Asia chief Robson changes tack in China
China represents "an amazing" opportunity for Adobe Systems Inc to grow, said Paul Robson, president of the company's Asia-Pacific operations.
 
Apart from the well-recognized name DJI, more than 300 Shenzhen-based drone makers are expanding their territories around the world, making the city the hub of world's civilian unmanned aerial vehicle (UAV).
 
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