China News

Our China News section is designed to keep subscribers up to date with important China business news in between publication of the annual China Business Handbook in the first quarter of each year. Search for news topics chronologically or by business/industry category...

China unveils Internet Plus strategy at 12th NPC

Posted in: Technology

CHINA’S LEADERS ARE turning to the internet to offset slowing economic growth and boost the market: “Internet Plus”. Addressing the opening of China’s annual session of the National People’s Congress in Beijing on 5th March, Premier Li Keqiang broadly laid out China’s “Internet Plus” strategy, which aims to integrate mobile, cloud computing and big data […]

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Will Apple Watch ignite China’s smart wearable industry?

Posted in: Business/Industry, Technology

THE RELEASE OF Apple’s latest product – Apple Watch – continues to grab headlines in the Chinese media. People are excited to see this innovation which combines advanced technology and craftsmanship. As for China’s smart wearable industry, the launch of Apple Watch may be able to give a boost to this developing market. In keeping […]

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Amazon sets up shop in Alibaba’s Tmall

Posted in: Business/Industry

US E-COMMERCE GIANT Amazon has announced the launch of a virtual storefront on Alibaba’s B2C e-commerce site Tmall. The Tmall store is Amazon China’s direct import business, which primarily covers food, women’s shoes, toys, maternity goods and kitchenware. Amazon’s Tmall store The store, which is set to officially launch in April, aims to provide premium […]

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Macau marks 15th anniversary as China SAR

Posted in: Provinces/Regions

MACAU MARKED THE 15th anniversary of its transition from a Portuguese colony to a Special Administrative Region (SAR) of China  earlier this month on the 20th December 2014. Chinese President Xi Jinping visited Macau to mark the occasion and to preside over the swearing in of Fernando Chui to a 2nd term as  the chief executive of […]

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ICBC opens London branch

Posted in: Economy/Finance

ICBC (INDUSTRIAL AND Commercial Bank of China) became the first mainland China bank to open a branch in London earlier this month (December 2014). No other PRC bank is registered to do business there. ICBC – 中国工商银行 (Zhongguo Gongshang Yinhang) – is not only China’s biggest bank but the biggest bank in the world today […]

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Yiwu to Madrid, the world’s longest train journey

Posted in: Business/Industry, Transport/Logistics

CHINA HAS PLAYED a significant role in sending goods by rail from Yiwu to Madrid, the world’s longest train journey. The feat came during the same week as a new high-speed railway line opened between Shanghai and Guangzhou. Called “Yixinou”, the train carrying 40 containers left Yiwu on 18th November, and arrived in Madrid on […]

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Alibaba bringing e-commerce to the New Silk Road

Posted in: Business/Industry, Technology, Transport/Logistics

ALIBABA, China’s E-COMMERCE pioneer that raised US$25bn when it listed on the NYSE in September 2014, has announced plans to gain a strong position on the New Silk Road. Signing agreements with Gansu province, Ningxia province and Xinjiang autonomous region, Alibaba intends to continue its reach across China’s e-commerce market. The plans also involve cloud […]

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Tibet’s biggest hydro-electric plant starts operating

Posted in: Energy/Environment

THE FIRST OF six hydro-electric turbines at Tibet’s biggest hydropower station at Zangmu came on stream in late November. When the five remaining units are all commissioned by the end of 2015 at a cost of US$1.5bn, this 510 MW hydro-electric plant on the middle reaches of the Yarlung Zangbo River will have the capacity to […]

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Shanghai Hong Kong Stock Connect opens

Posted in: Economy/Finance

THE LONG AWAITED link between the Shanghai and Hong Kong stock exchanges started on Monday, 17th November 2014. Whilst the daily limit for investments from Hong Kong to Shanghai is Rmb13bn (US$2.1bn), Shanghai to Hong Kong investments have a limit of Rmb10.5bn. The limit from Hong Kong to Shanghai investments was reached by 13:59 on […]

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