China

China pledges $60B funding package support development efforts in world's poorest continent

China shows support to its long-time ally, Africa, by providing the continent funding support worth $60 billion.

Chinese President Xi Jingping signs $6.5B worth deals with South Africa

A news about signing deals came into hearing during the four-day trip of Chinese President Xi Jingping to South Africa. He signed $6.5 billion worth deals with South Africa, helping to boost their infrastructural facilities. In return, China will have greater access to Africa's valuable commodities including oil.

Philippines snackmaker Liwayway Group is now a leading brand in China

Liwayway Holdings, a Philippines-based snackmaker, started its business in China in 1993 and now is one of the leading snack makers in the country. Its product, Oishi snacks, is now one of China's iconic brands and one of the top five snack food brand is Asia Pacific.

IMF's acknowledgement of yuan as major global currency expected to bring fresh change to China

The International Monetary Fund has included the yuan in the reserve basket along with the dollar, pound, euro, and yen, hopefully bringing fresh change to China.

China issues high level alert for the heaviest smog of the year

China authorities in Beijing have issued the highest smog warning of the year. The heavy smog had developed on Friday and would continue until Tuesday. The air pollution levels in Beijing reached 18 times the level considered safe by WHO.

Oppo R7S, the rose gold Android to launch in US and Europe

China smartphone maker Oppo will launch rose gold smartphones called Oppo R7S in the US and Europe on Dec 1. The phone adopts the latest iPhone's colour which has became popular among smartphone users.

World Robot Conference in Beijing showcases latest robotics innovations

The 2015 World Robot Conference in Beijing that was held on Nov 23 - 25 showcased latest robotics technologies - from service robots than can serve foods to robots that can play soccer, badminton, and even play ping pong with the attendees.

Evergrande Bought 50% of Great Eastern Life Assurance for Share 3.9 billion yuan to diversify into insurance

China’s Evergrande Real Estate Group Ltd., bought 50 percent share from Great Eastern Life Assurance Co for 3.9 billion yuan, or $610 million, to diversify into insurance.

Apple Pay soon to enter China's grounds by February

Apple Pay is reportedly launching in China by February following a launch in US and other countries last year. However, previously Apple Pay faced many disagreements to the deal, especially by UnionPay. The disagreement was mainly due to the comparatively high transaction fee.

US, China to roll out 'Space Hotline' to avoid conflicts

The US and China have set up a 'Space Hotline' for avoiding possible warfare and misunderstanding in satellite operations. The US has previously established Space Hotline with Russia since Cold War days. The objective of establishing Space Hotline is to exchange of information directly.

China's Economic Slump squeezes Luxury Goods Industry

Luxury-goods makers are suffering from the Chinese economic slowdown with slower growth in America and some closing down stores in China.

China Reveals 'Underground Banks' $125 Billion Worth of Illegal Money Transfers

China police were able to crack down an underground bank mainly used for illegal money transfer. This has been going on since April and more than 170 cases of money laundering and illegal fund transfer so far has been uncovered.

Fire in the Xinghua Coal Mines Of China: 12 Dead And 1 Missing

Does the coal mine of China will keep revealing such deadly incidents every now and then? Let us hope that the coal mines in Heilongjiang region in the north east part of China do not witness any such episode of the fatal blaze with deaths and injuries.

Baidu Merges With Citic: China Opens-Up A New Door For Online Banking Market

Banking people required to be motivated to be a part of the online banking world. The pairing of Baidu and Citic will certainly show some meaningful improvement in the Chinese economy.

China's Tongwei Group to Build World's Largest Solar-Cell Plant costing $1 billion, producing 5 GW a year

Tongwei group Co. is planning to build the biggest solar power plant located in the southern province of Sichuan, China, which will cost $1 billion and can produce up to 5 gigawatts of solar cells every year.

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