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September, 28, 2016

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China
Renminbi use surges in London in spite of Brexit
London's offshore yuan activities continue to surge despite Brexit uncertainties, according to the latest figures from China's central bank.
 
Fitness, driver of consumer market
Saturday mornings appear to be ideal for fitness-crazy Shanghai groups to have fun in the form of dance-like workouts outdoors.
 
The appetite of China's wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare for the next financial crisis. Global fund managers are urging caution.
 
China to build first homemade luxury cruise in Shanghai
The first batch of homemade luxury cruise vessels will be built at the shipyard of Shanghai Waigaoqiao Shipbuilding and the first delivery is expected in 2022, the China News Service reports.
 
Top 10 iOS game publishers in Q2
Chinese web behemoths Tencent Holdings Ltd and NetEase Inc are among the most profitable mobile gaming vendors in the country, said a survey released by iResearch Consulting Group.
 
China's Li Keqiang seeks new tack in relations with Cuba
Chinese Premier Li Keqiang on Saturday said it was time for a new direction in relations with Cuba, during a landmark visit to the Americas' lone communist-ruled state.
 
Outrage over 'ugly' restoration of Great Wall
Chinese social media users were in an uproar Friday over restoration of a 700-year-old section of the Great Wall that has been covered in cement, turning it into a smooth, flat-topped path.
 > Beijing
 
Luxury market key to reviving auto brand
Once an iconic luxury car brand in the United States, Cadillac has seen its market share slip to rivals like BMW and Lexus. Johan De Nysschen is trying to recapture the magic that made Cadillac a world-wide symbol of automobile luxury.
 
Canada, China agree to start talks on free-trade agreement
Canada and China have agreed to begin talks for a possible free-trade accord with an aim of doubling bilateral commerce by 2025, Canadian Prime Minister Justin Trudeau announced Thursday.
 
China's private companies have taken the lead over State-owned enterprises in the country's surging outbound investment for the first time, a government report said on Thursday.
 
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