Tesla Rival Byton Unveils ‘Smartphone on Wheels’

An electric car startup based in China has revealed an ambitious smart vehicle concept that it claims outperforms Tesla in terms of “digital power.” The Byton car, pitched by its makers as an Apple-inspired “smartphone on wheels,” was unveiled at the Consumer Electronics Show (CES) in Las Vegas on Sunday. The electric car was designed by… Please follow and like us:

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FRANCE – CHINA – Open markets, Macron tells China, or risk protectionist backlash

French President Emmanuel Macron focused on trade imbalances on the second day of his state visit to China, offering to open up France to Chinese investment in exchange for greater access to Chinese markets for French companies. Speaking to members of the French and Chinese business community at a start-up incubator, called Soho3Q, in Beijing, Macron… Please follow and like us:

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2nd line of China-Russia oil link starts

The second line of the China-Russia oil pipeline began commercial operation on Monday, another step in diversifying China’s energy supply and ensuring its energy security, according to China National Petroleum Corp, the country’s biggest oil producer. With an annual capacity of 15 million metric tons, the project is expected to double China’s annual imports of Russian… Please follow and like us:

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Global economy faces two challenges

The world economy’s performance in 2017 was significantly better than the previous year. According to the World Bank forecast, global economic growth is likely to reach 3.6 percent in 2017, as the economies of the European Union, the United States and Japan all showed clear signs of improvement in the third quarter with a growth rate… Please follow and like us:

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World markets ring in 2018 on mixed note

Global stock markets greeted 2018 on Tuesday in mixed fashion, despite a raft of bright manufacturing surveys, with many investors away for extended holidays. Asian stocks mostly kicked off the year with gains, fuelled by strong data, improving corporate profits and hopes that US President Donald Trump’s tax cuts will fire US and world growth. Sentiment… Please follow and like us:

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China covertly offering North Korea missiles, aid to halt nuclear program

China’s Communist Party adopted a secret plan in September to bolster the North Korean government with increased aid and military support, including new missiles, if Pyongyang halts further nuclear tests, according to an internal party document. The document, labeled “top secret” and dated Sept. 15 – just 12 days after North Korea’s latest underground nuclear blast… Please follow and like us:

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Xi tells Putin he has high hopes for China-Russia ties in 2018

President Xi Jinping said on Sunday he is ready to join Russian President Vladimir Putin in consolidating political and strategic mutual trust and expanding all-around pragmatic cooperation. Xi made the pledge in his New Year greeting message to Putin. In the message, Xi, on behalf of the Chinese government and people, extended his sincere greetings and… Please follow and like us:

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Foreign trade set to exceed $4t

China’s foreign trade volume is expected to exceed $4 trillion in 2017 if there are no special circumstances based on figures accumulated in the first 11 months, the Ministry of Commerce predicted on Thursday. Gao Feng, the ministry’s spokesman, said China has been resolutely pushing forward supply-side structural reform in foreign trade. The labor, capital and… Please follow and like us:

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Secretary of State: Americans Should Be ‘Encouraged’ with US Diplomatic Efforts

U.S. Secretary of State Rex Tillerson has touted the diplomatic accomplishments of President Donald Trump’s administration this year, saying “Americans should be encouraged” by its dealings with the U.S.’ “greatest security threat,” North Korea, along with China and Russia. In an Op-Ed published Thursday in The New York Times, Tillerson wrote that Trump “abandoned the failed… Please follow and like us:

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China imposes new restrictions on outbound investment

China has issued new rules increasing oversight of overseas acquisitions by its companies, as it seeks to reduce investment in assets ranging from golf courses and movie studios to football clubs. The rules are the latest attempt to stem the tidal wave of capital that has flown out of the country in recent years, a trend… Please follow and like us:

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China’s investment scrutiny to widen

‘All-around’ supervision of outbound capital to include comprehensive law China plans to adopt an “all-around” supervision program covering all phases of outbound investment, with more steps to fill a policy void and further facilitate legislation in the pipeline, according to the nation’s top economic regulator. With a slew of guidelines on outbound investment having effectively curbed… Please follow and like us:

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China Gears Up to Reduce Impact of US Tax Cut

Chinese companies with international ambitions are caught in a serious dilemma by the U.S. move to cut corporate tax rates. The move has made the U.S. an attractive destination for Chinese companies facing very high taxes and other restrictions at home. On the other hand, they face the risk of being punished by Chinese authorities who… Please follow and like us:

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Foreign Stock Markets Seen as Hot Investment in 2018

A confluence of global synchronized growth, accommodative money policy and positive political reform in Europe should lead to continued double-digit returns for foreign equities in 2018, according to the Northern Trust CIO Bob Browne. “We feel positive on European growth, Abenomics is certainly working in Japan, and we’re not expecting a hard landing in China,” Browne… Please follow and like us:

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London investors may get access to Chinese bonds

Investors in London may get an opportunity to buy Chinese bonds on the Shanghai Stock Exchange, if a feasibility study proves positive. Sherry Madera, the City of London’s special representative for Asia, told journalists in the British capital on Tuesday that the feasibility study into the Shanghai-London connect will start soon. It could be the first… Please follow and like us:

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New reason to fear Google, Facebook

The threats to freedom of thought aren’t coming from the government these days, but from corporate America, says a columnist in the Wall Street Journal. Kind of a groupthink, which Psychology Today speaks of as the result of members of a group valuing “harmony and coherence over accurate analysis and critical evaluation.” “It causes individual members… Please follow and like us:

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