THIS MONTH, Dubai Week held its inaugural event in Beijing in a campaign to highlight bilateral ties and opportunities for Chinese investors in business, tourism, culture and lifestyle industries in the Emirates. A star studded cast of politicians, economists and businessmen showed up for the opening, as Beijing’s The Orange in Sanlitun South was transformed ...
In what could turn out to be the biggest ever Chinese acquisition of an American company, three Chinese firms are vying to get Beijing’s approval to bid for Starwood Hotels & Resorts Worldwide Inc. Sovereign wealth fund China Investment Corp., HNA Group, and Shanghai Jin Jiang International Hotels (Group) Co. each gave a proposal to ...
Chinese port infrastructure firm Zhuhai Port Holdings Group Co. Ltd. took a Rmb6.5 billion (US$1.02 billion) construction order from China Overseas Port Holding Co, the state-owned firm operating the Gwadar port in Pakistan. Zhuai Port’s shares rose 10% after news of Zhuhai Port’s contract emerged. The Gwadar port is the first in a foreign country ...
OVER THE past decades, Chinese businesses have primarily been known for their manufacturing competencies, but they have now turned their attention to innovation. This trend can be observed in light of a regulatory environment in China that strongly pushes innovation, which is a top priority on the government’s agenda. Further, selected Chinese firms aim at ...
IN A region where rags to riches stories populate the biographies of the wealthiest men in Asia, the epic of Dr. Jack Lam Yin Lok is certainly one of the more interesting. The rise of the Godfather of Gaming, as “Global Gaming Magazine”? refers to the Jimei Group Chairman, was nothing less than meteoric in ...
Paytm, an Indian e-commerce shopping website, has appointed ex-Chief of Alibaba Group Holding Ltd., Bhushan Patil, as its new Vice President. Patil worked with Alibaba for over five years, during which time he helped run the company website. Alibaba has already invested US$680 million in Paytm this year and realizes the importance of expanding its ...
No nation has more potential to become the Silk Road Monaco and attract global capital than Montenegro. There are jewels and there are Silk Road jewels. But these jewels are few and far between on a map that covers so many nations with so many challenges. One of the hidden jewels on this long and ...
Last week, Chinese Premier Li Keqiang chaired a State Council executive meeting. At the top of the agenda was assigning ministries with tasks laid out in the Government Work Report. Li noted that, “governments at all levels should appropriately allocate funds, accelerate the issuance of bonds, and promptly introduce supporting measures as soon as possible.” ...
The Belt & Road Initiative (BRI) is the centrepiece of Chinese President Xi Jinping’s foreign policy. In 2017, he even wrote it into the Communist Party’s constitution. Amid the pandemic, while many nations may be wishing they could continue to push forward with projects they signed, many BRI projects are stalling as countries struggle with ...
China will loosen restrictions on international air travel that were put in place to control the spread of COVID-19. This move came hours after the US pushed Beijing to allow US airlines to resume flights to the nation. China and the US have been in close communication on the subject of air travel, and now ...