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December, 9, 2016

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China > Business
China has indicated it may relax restrictions on foreign investment in some sectors as it struggles to balance an overseas exodus of capital and faces accusations of protectionism from U.S. President-elect Donald Trump.
 
Alipay, the most popular digital payment tool run by China's Ant Financial Services Group, announced partnership with three European banks on Tuesday, its latest effort to further expand its business in the region.
 
China's exports grew in November for the first time in nine months while imports also rose in a sign global and domestic demand are recovering.
 
High-jumping robot could aid rescue efforts
An agile jumping robot, inspired by some of the animal world's best leapers, could one day help in rescue efforts after earthquakes or building collapses, US scientists said on Tuesday.
 
Tech giant Apple argued in a Beijing court on Wednesday that its iPhone 6 and iPhone 6 Plus mobile designs do not copy a Chinese product and should be allowed to be sold on the Chinese mainland.
 
China Daily partners with EHang on drone journalism
China Daily website (chinadaily.com.cn) has joined forces with a drone maker to improve digital news coverage.
 
Medical device maker Medtronic has been fined US$17 million by Chinese anti-monopoly regulators in the latest effort by Beijing to force down what it sees as unreasonably high prices.
 
As the first Chinese carrier to offer in-flight internet, China Eastern Airlines Corp Ltd is poised to introduce the service in its wide-bodied aircraft next year once they get the nod from aviation authorities, a senior manager from the Shanghai-based carrier said.
 
Beijing-based chip giant Tsinghua Unigroup Ltd said on Tuesday it is planning to launch a 50 billion yuan ($7 billion) fund to promote cross-Straits economic ties, after its investment proposal to invest in firms in Taiwan province ran into trouble.
 
Apple Inc said on Tuesday that the reported iPhone thermal incidents in China were caused by external physical damages, rather than battery explosions.
 
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