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December, 8, 2016

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China
Celebrities take hit from LeEco woes
More than a dozen Chinese celebrities, including film director Zhang Yimou, may not be able to see high returns from their investment in affiliates of LeEco, becoming the latest victims of the Chinese tech major's cash crunch.
 
After shopping sprees abroad, it's time to really enjoy
Recent yuan depreciation has not dampened Chinese tourists' enthusiasm for outbound trips, but has changed what they do abroad significantly. Now, instead of going on shopping sprees, they savor their leisurely hours.
 
Airline soars on innovation
It took one year for China Eastern Air Holding Co to transform from a debt-laden group to a profit-making one.
 
Wuhan uses key targeted projects to attract expertise
Wuhan, the capital city of Hubei province, is using targeted projects to attracting overseas expertise, both Chinese and foreigners, according to a top official of the city.
 
Alibaba Group Holding Ltd will spend more than 2 billion yuan ($290 million) buying about one-third of Sanjiang Shopping Club Co, picking up a slice of a regional Chinese discount supermarket chain, which has more than 1 million members.
 
China and New Zealand have agreed to start first round talks to upgrade their bilateral free trade agreement in the first half of 2017, adding service trade, e-commerce and agricultural cooperation, the Ministry of Commerce said on Monday.
 
Embrace delivery, storage and linkage for a 'post-cloud era'
A Chinese startup has established an integrated solution to help traditional industries fly above the clouds.
 
Pileup kills 17 in China
In this Monday, Nov. 21 photo released by Xinhua News Agency, rescuers work near vehicles that collided on the Pingyang section of the Beijing-Kunming expressway in north China's Shanxi Province. A vehicle pileup in snowy weather in northern China, which involved more than 50 vehicles, has led to the deaths of at least 17 people, according to reports.
 
China, the world's biggest cigarette producer and consumer, aims to impose national smoking-control regulations by the end of this year, authorities said Tuesday.
 
Three black Americans who see China as their land of opportunity
Entertainer Douglass Fearon attributes part of his success to the fact that "I'm an anomaly -- I'm a black man in China."
 
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