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June, 25, 2016

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China > Business
US steel probe 'reflects trade protectionism'
China will safeguard the interests of its steel producers by appealing to the World Trade Organization after the United States launched an investigation of Chinese companies for alleged price-fixing, the Ministry of Commerce said on Friday.
 
Investment strategists advised Chinese investors to buy government bonds issued in Asia's emerging markets, as they expect the returns on investment for such bonds will keep rising.
 
Virtual fantasy planned on a grand scale at Guizhou theme park
Plans have been unveiled for a groundbreaking virtual-reality theme park where visitors can find themselves immersed in a world living with aliens, riding UFOs and fighting dragons.
 
Deal close on AC Milan stake
A Chinese consortium has agreed to buy an initial 70 percent stake in Italian Series A soccer club AC Milan, with negotiations continuing over the sale of the remaining 30 percent, a person familiar with the talks told China Daily.
 
Restructuring, buys take toll on China's Lenovo
China's technology giant Lenovo Group reported its first loss in six years which it blamed on the cost of previous acquisitions and restructuring, as well as the declining sales of smartphones and personal computers.
 
ZTE unveils new smartphone and matching VR devices
Chinese smartphone maker ZTE Corp unveiled its high-end flagship AXON 7 smartphone and its first matching VR devices on Thursday. It also plans to continue to expand in international markets, including the United States and Europe.
 
Investment in real estate falls to 17-year low
Chinese listed property companies' investment in real estate in 2015 registered the slowest growth in 17 years, according to China Securities Daily citing a report released by China Real Estate Association on Wednesday.
 
Smartphone-sized drone launched for selfies addicts
Beijing-based ZeroTech Intelligence Technology Co Ltd unveiled a pocketable drone that specifically focuses on photography usage Wednesday at the Guiyang Big Data Expo.
 
China issues sovereign renminbi offshore bond in London
China's Ministry of Finance announced the issuance of a sovereign renminbi offshore bond in London on Wednesday, giving a boost to London's fast growing offshore renminbi market and creating yet another milestone for the yuan's internationalization.
 
This year the largest startup conference for tech entrepreneurs in Eastern Europe will host over 12,000 participants, 2,000 startups and 700 investors from 20 countries around the world.
 
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