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January, 20, 2017

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China
McDonald's sells China operations to consortium for US$2.08 billion
U.S. fast-food giant McDonald's will sell a controlling stake in its China and Hong Kong business for up to US$2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday.
 
New direction to ride out perfect storm
What Lloyd's of London chairman John Nelson sees is a "perfect storm" facing the global insurance market.
 
Pro-democracy lawmaker attacked at HK airport
Hong Kong's youngest legislator Nathan Law was attacked by anti-independence protesters at the city's airport late Sunday after flying back from a political forum in Taiwan.
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Renminbi steadier as central bank's remedies take hold
Short sellers may find it more difficult to score profits from betting on a continued depreciation of the yuan, according to economists, who said measures rolled out by the central bank to stabilize market expectations have begun to take effect.
 
Ways to create a more inclusive globalization model will be discussed at the Boao Forum For Asia's annual conference 2017.
 
Finding parking space could be a headache in a crowded downtown area, but not for drivers in Nanjing's busiest business district, thanks to smart robots that function as parking valets.
 
Hong Kong parking garage may fetch $2.2b in 2017
Hong Kong's government has announced the first sale of commercial land in the city's central business district for more than 20 years.
 
A Chinese state media outlet has reported that three alleged assailants wanted in relation to a 2015 terrorist incident have been killed in the country's far northwest.
 
China slams US over meeting between Taiwan's president Tsai Ing-wen and US Senator Ted Cruz
China said Monday it "firmly opposed" a meeting between Taiwan President Tsai Ing-Wen and Senator Ted Cruz, as a state-run newspaper warned of "revenge" against President-elect Donald Trump should he abandon the One China policy.
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Beijing to launch environmental police force to address smog issue
The city authorities has vowed to take tougher measures, including launching environmental police force to address the painstaking smog problem this year.
 
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