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September, 26, 2016

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China
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.
 
First national gene bank opens
National GeneBank, the country's first national gene bank, was officially put into use on Thursday. The complex is expected to offer strong support to the development of the genetics industry.
 
State Administration of Foreign Exchange (SAFE)supports Chinese enterprises' "real and reasonable" overseas mergers and acquisitions, said a senior official of SAFE during the administration's news briefing on Thursday.
 
Chinese authorities on Thursday announced the conditional lifting of a 13-year import ban on some US boneless beef and beef on the bone.
 
Baidu set to lose leading role in digital advertising
Online search giant Baidu Inc is set to lose its top spot in the nation's booming digital advertising market this year to its rival Alibaba Group Holding Ltd, according to a report from London-based market research firm eMarketer.
 
Lenders 'need new sources of growth' as NPLs up
An analysis by international accounting firm PricewaterhouseCoopers (PwC) of 30 A and H-share listed banks found that the Chinese banking sector was in urgent need of new sources of growth-as the sector confronts slower profit growth, shrinking interest margins and rising nonperforming loans.
 
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