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January, 17, 2017

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China > Business
Business alliance BRICA to help companies tap Belt and Road Initiative
An alliance of industry and business associations from countries and regions covered by China's Belt and Road Initative expects to play a bigger role in the initiative.
 
Chinese telecom equipment maker ZTE Corp will produce electric vehicles by the end of next year, with an annual output of 30,000 units.
 
Top leadership vows steps against property bubbles
More measures will be taken to control property bubbles, the top leadership said at a high-level financial meeting Wednesday.
 
Rise in deficit spending, stable growth forecast for 2017
The Chinese government is expected to increase deficit spending in 2017 to cope with economic headwinds and keep GDP growth at a stable 6.5 percent, market analysts said.
 
Standalone VR goggles expected to boom in China
A domestic virtual reality (VR) hardware manufacturer launched a brand new standalone head mount display (HMD), further stimulating the segment market already in full swing.
 
Chinese internet major LeEco said on Tuesday that its TV business will open content and platform resources to more third-party partners, with an expectation that its revenue from non-hardware will reach over 20 billion yuan ($2.9 billion) in the next three years.
 
A unit of HNA Group Co outbid Hong Kong developers, including Cheung Kong Property Holdings Ltd, with an HK$5.4 billion ($697 million) offer for government land in the former Kai Tak airport area, adding to a $1.1 billion winning bid last month for another site nearby.
 
China National Building Materials Group Corp struck a 2.75-billion-pound ($3.41 billion) joint venture deal on Monday to open six highly cost-efficient pre-fabricated house-building factories in the United Kingdom, capable of producing 25,000 homes a year.
 
Businessman warns of the pitfalls of success
One of the secrets of being a successful business person is to be self-disciplined, says the businessman Shen Guojun.
 
BOC to speed up program to finance startup firms
The Bank of China Ltd has pledged to accelerate the development of its key investment and loan linkage mechanism´╝Źby working with the administrative committees of five national innovation zones to build up its client base and risk compensation and information-sharing systems.
 
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