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January, 21, 2017

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China > Business
CRRC eyes big overseas contracts
CRRC Corp, China's only maker of high-speed locomotives, is aiming to exceed its record high in overseas contracts this year, after clinching projects such as a $1.3 billion rail-car contract from Chicago's transport authorities in 2016.
 
China growth edges up in Q4, but '16 weakest year since 1990
China's economic growth sank to its lowest level in three decades in 2016 as Beijing braces for a trade battle with U.S. President-elect Donald Trump.
 
Sovereign fund banks on prospects in United States
China's sovereign fund China Investment Corp, which manages about $800 billion assets including $200 billion of overseas investments, is actively looking for investment opportunities in the US infrastructure and manufacturing sectors ...
 
Wealthy busier earning big bucks, spending it in 2016
China's wealthiest people have been busier earning big bucks, and more content to spend up big in 2016, according to the Hurun Report's latest findings released on Thursday.
 
Smartphone vendors pass rising costs to consumers
Chinese smartphone vendors are ratcheting up the prices of their products, as they wrestle with rising component costs and the mounting pressure to increase profits.
 
As Donald Trump prepares to take office as the 45th president of the United States Friday, Beijing will be watching closely amid fears a trade war could break out between the world's top two economies.
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Approved Taiwanese investment in China down sharply in 2016
The number of planned investments in China by Taiwanese companies that were approved by Taiwan's government in 2016 fell for the third consecutive year, slumping 21 percent year-on-year, the Investment Commission said Friday.
 
Six former employees of Huawei Technologies Co Ltd, the world's third-largest smartphone maker, have been arrested by police, for allegedly leaking commercial secrets to rivals.
 
In the coming Year of the Rooster, Hong Kong's Hang Seng Index is destined for a flat start, before tracking upward to peak around July and August-and finally ending on a positive note amid year-end volatility.
 
Demand for IT professionals remains buoyant and competition among employers to recruit the experienced-particularly those with internet, digital, e-commerce and online marketing operation skills-is intense, the latest Robert Walters survey found.
 
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