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December, 8, 2016

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Business > Asia > China
China market embraces Christmas
A woman and a child pose for a souvenir photo near a Christmas lights decoration on display outside an office building in Beijing, Thursday, Dec. 1. Although Christmas is not traditionally celebrated in China, a growing number of businesses are trying to whirl up some holiday spirit -- and shopping.
 
Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.
 
Nearly US$60 billion passed through China's biggest illegal online casino before it was broken up by authorities, a court said.
 
China's President Xi Jinping signed new trade deals on Monday with Peru, one of its partners in its drive to boost world trade in the face of protectionist stirrings.
 
Chinese conglomerate Fosun will become the biggest shareholder in the ailing BCP, Portugal's biggest private bank, by agreeing to buy a 16.7 percent stake, the two sides said Sunday.
 
Chinese President Xi Jinping touted his country as a leader on free trade at a summit of Asia-Pacific leaders Saturday, stepping up to fill a void left by U.S. President-elect Donald Trump's protectionism.
 
China retail sales growth slows in October, investors remain unfazed
China's retail sales growth slowed to 10.0 percent year on year in October, government data showed Monday, missing expectations in a worrying sign for domestic demand in the world's second-largest economy.
 
Private and official surveys showed Tuesday that China's factory activity rose last month to its highest level in more than two years, suggesting the world's No. 2 economy is stabilizing.
 
Corporate China's overseas takeover binge encounters growing resistance
Corporate China's global shopping binge barreled on this week with more multibillion dollar deals, but Beijing is starting to discover that there are limits to what its money can buy.
 
Robots at center of China's strategy to leapfrog rivals
The Canbot can say its name, respond to voice commands, and "dance" as it plays Michael Jackson's "Billie Jean." Other robots China is displaying at the World Robot Conference can play badminton, sand cell phone cases and sort computer chips.
 
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