china

China Expands Foreign Access to Finance Market

China Expands Foreign Access to Finance Market

China will increase foreign ownership limits in financial firms as the country tries to become a multi-trillion dollar financial services market. Chinese President Xi Jinping has been pushing for economic reforms by opening up capital markets, inter..

Chinese Financial Industry on Thin Ice

Chinese Financial Industry on Thin Ice

In a direct contrast to its economic nationalism and rising protectionism, the Chinese have opened its financial companies to an increased foreign ownership. According to Zhu Guangyo, the Vice Finance Minister, foreign investors can now take a contr..

China Energy Invests $83 billion into Energy Projects in West Virginia

China Energy Invests $83 billion into Energy Projects in West Virginia

According to Reuters, China Energy Investment Corp, the world’s largest power company in value of assets, has now signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power, and chemical projects in West Virginia, U..

Ford Signs $756 Million Deal with Zotye for Electric Cars

Ford Signs $756 Million Deal with Zotye for Electric Cars

On Wednesday, Ford Motor Company (NYSE: F) signed deal with Anhui Zotye Automobile Co Ltd (SHE:000980), a China-based company, to build, market and distribute electric cars under a new brand in China.Zotye Automobile Co Ltd, which was based in China..

China’s Tech Firms Fined for Censorship

China’s Tech Firms Fined for Censorship

China’s top tech firms Baidu Inc. (NASDAQ: BIDU), Tencent Holdings Ltd., Weibo Corp. (NASDAQ: WB) and others were fined for failing to properly censor online content as the country is enhancing their censorship and security efforts ahead of th..

China May Relax Rules on Foreign Auto Makers, Helping Tesla

China May Relax Rules on Foreign Auto Makers, Helping Tesla

China is considering relaxing rules requiring foreign auto makers to have a local partner, according to a report by the Wall Street Journal. The change in rules will be considered a major victory for Tesla Inc (NASDAQ: TSLA), which will be able manu..

Volvo Releases First Compact SUV

Volvo Releases First Compact SUV

On Thursday, Volvo launched their first compact SUV, model XC40 hoping to top the success of their larger XC90 and best selling XC60 models which have driven their fourth straight year of record sales. The new XC40 will be produced at the company&rs..