China Business -
China 'training for strikes' on US targets
The Pentagon's annual report to Congress warns of Chinese military ambitions in the Pacific.

Source: BBC News - China | 17 Aug 2018 | 5:54 am

Google employees criticise 'censored China search engine'
Employees have written to the firm criticising its plans to launch a 'censored Chinese search service'.

Source: BBC News - China | 16 Aug 2018 | 7:22 pm

Why your next flight may go via China
As Chinese airlines launch more and more international flights, are they playing fair to attract passengers?

Source: BBC News - China | 15 Aug 2018 | 7:10 pm

Hong Kong 'cardboard granny' has case overturned
A woman was fined in July for temporarily placing a bag of cardboard on the ground.

Source: BBC News - China | 15 Aug 2018 | 11:03 am

Goose called Gugu wins place at Chinese university
Gugu was accepted by the prestigious university after its owner says she was "reluctant to cook it".

Source: BBC News - China | 15 Aug 2018 | 4:28 am

Alibaba Pictures first half revenue soar on back of online promotion and distribution business
Alibaba Pictures Group, the entertainment subsidiary of e-commerce titan Alibaba Group Holding, recorded a 313 per cent year on year jump in revenue for the six months ended June 30 amid aggressive moves to build its infrastructure for the mainland Chinese film industry. “Having laid the foundation for its core business segments over the last two years, the group is expected to advance to a new phase of development,” said Alibaba Pictures chairman Yu Yongfu in a regulatory filing...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 2:00 pm

Mengniu Dairy’s profits first-half rise 4.7 per cent
China Mengniu Dairy, the country’s second largest dairy, announced that its profits for the first half of the year increased by 4.7 per cent from the same period last year, in line with analysts’ expectations. Mengniu reported profits of 1.13 billion yuan for the six months to the end of June, up from 1.08 billion in the first half of 2016. The profit came primarily from Mengniu’s core activities, liquid milk and ice cream products, which helped compensate for a loss at its...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 11:31 am

NetDragon returns to profit on higher online games revenue
NetDragon Websoft, the mainland Chinese online gaming giant, returned to profit in the first half of this year on the back of the Hong Kong-listed company’s record high revenue posted in the quarter ended June 30. “Our games business brought robust growth as we executed our strategy to leverage our successful intellectual property,” said Liu Dejian, the founder and chairman of NetDragon, in a statement on Wednesday. NetDragon is the latest mainland internet company to record...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 9:01 am

SAIC Motor’s near 6pc interim profit rise falls short of expectations
SAIC Motor, China’s largest automaker by sales volume, has posted a lower than expected increase in its first-half profit amid a slowing Chinese vehicle market. Net profit for the six months to June rose nearly six per cent to 15.96 billion yuan (US$2.4 billion), on the back of a 12.9 per cent jump in revenue to 396.4 billion yuan. The interim earnings, or 1.38 yuan per share, slightly fell short of an average forecast of 1.46 yuan a share by four analysts. Underlying profit in the...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 7:16 am

Agricultural Bank sees interim profit grow 3.3pc, as it curbs bad debt
Agricultural Bank of China, the mainland’s third-largest lender by assets, has beaten analyst estimates after posting a 3.3 per cent growth in profit for the first half year, and successfully putting a curb on its level of bad loans. The Beijing-based bank’s net profit for the period ended on June 30 was 108.6 billion yuan (US$16.5 billion), compared with 105.1 billion yuan last time. Forecasts had suggested a 2 per cent year on year profit rise. The bank said in its regulatory...

Source: South China Morning Post - China Business feed | 30 Aug 2017 | 6:41 am

Jokowi faces tough task of managing voters' expectations
October 02, 2014 1:39 AM

[JAKARTA] Incoming Indonesian president Joko Widodo is trying to manage the expectations of his supporters and investors as an opposition-dominated Parliament likely to obstruct his ambitious reform programme convened on Wednesday.




Source: RSS Print - Indonesia | 1 Oct 2014 | 9:39 pm

Indonesian coal exporters chafe at new regulations
October 02, 2014 1:34 AM

[JAKARTA] Indonesia's coal exports are expected to fall 15-20 per cent in October from September and could decline 5 per cent this year as firms scramble to obtain government export permits to comply with new rules that were due to come into effect on Wednesday.




Source: RSS Print - Indonesia | 1 Oct 2014 | 9:34 pm

Unrest in Hong Kong has economic roots
October 02, 2014 1:34 AM

[HONG KONG] Hong Kong's struggle for democratic rights promised by China has erupted into the streets in recent days. But although this is a political battle, part of the reason Hong Kong is fighting so hard for its freedom is that it has already seen what being subsumed by the mainland means economically. And it's had enough of that.




Source: RSS Print - China | 1 Oct 2014 | 9:34 pm

Some banks start moving staff to back-up premises on HK's outskirts
October 02, 2014 1:32 AM

[HONG KONG] Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions, two business services firms said.




Source: RSS Print - China | 1 Oct 2014 | 9:32 pm

Yudhoyono bid to save direct local elections
October 01, 2014 2:17 AM

[JAKARTA] Indonesia's outgoing president returned home early on Tuesday, cutting short an overseas farewell tour to try and overturn legislation ending direct elections for local leaders.




Source: RSS Print - Indonesia | 30 Sep 2014 | 10:17 pm

Indonesian trade group seeks floor price for rubber
October 01, 2014 1:17 AM

[JAKARTA] Indonesia's main rubber grouping is seeking to put a floor under prices at US$1.50/kg as the world's No 2 producer looks to support global prices that have plunged more than 30 per cent so far this year.




Source: RSS Print - Indonesia | 30 Sep 2014 | 9:17 pm

China's final HSBC PMI steady in September
October 01, 2014 1:15 AM

[BEIJING] China's vast factory sector showed signs of steadying in September as export orders climbed, a private survey showed on Tuesday, easing fears of a hard landing but pointing to a still-sluggish economy facing considerable risks.




Source: RSS Print - China | 30 Sep 2014 | 9:15 pm

Rule changes to boost interest in Shanghai FTZ
September 30, 2014 2:14 AM

[BEIJING] China has introduced a fresh round of regulatory changes in the Shanghai Free Trade Zone in a bid to jump-start interest in the district, which has been struggling to attract more overseas companies, a government website said on Sunday.




Source: RSS Print - China | 29 Sep 2014 | 10:14 pm

Parliament approves budget despite Joko's protests
September 30, 2014 1:13 AM

[JAKARTA] Indonesia's Parliament on Monday approved a state budget that President-elect Joko Widodo does not like but cannot change until early next year to fund his programmes.




Source: RSS Print - Indonesia | 29 Sep 2014 | 9:13 pm

Alibaba unit gets nod to start private bank
September 30, 2014 1:10 AM

[BEIJING] Alibaba Group's finance arm has been given government approval to set up a private bank, China's banking regulator said on Monday, the latest step in the e-commerce company's push into the financial services sector.




Source: RSS Print - China | 29 Sep 2014 | 9:10 pm

Arctic gas to ease winter shortage
China's annual imports from the Yamal natural gas project in the resource-rich Arctic region will further secure China's energy security with increasing supplies of the natural gas, which is currently experiencing a severe shortage especially in northern China, said an executive from China National Petroleum Corp.

Source: China Daily > China News |

China leads in shipbuilding
Orders for China's rebounding shipbuilding industry reached the top place in the world in the past 11 months, surpassing its counterpart South Korea, according to an international industrial analysis agency.

Source: China Daily > China News |

Massive floating power plant up and running
The world's largest floating photovoltaic power station was connected to the grid and started generating power in Anhui province on Sunday, with the remaining capacity to be connected in May, said China Three Gorges Corp, the world's largest hydropower producer.

Source: China Daily > China News |

Arctic gas to ease winter shortage
China's annual imports from the Yamal natural gas project in the resource-rich Arctic region will further secure China's energy security with increasing supplies of the natural gas, which is currently experiencing a severe shortage especially in northern China, said an executive from China National Petroleum Corp.

Source: China Daily > China News |

Massive floating power plant up and running
The world's largest floating photovoltaic power station was connected to the grid and started generating power in Anhui province on Sunday, with the remaining capacity to be connected in May, said China Three Gorges Corp, the world's largest hydropower producer.

Source: China Daily > China News |