Due to its size and growth potential, China’s healthcare market is one of the most attractive in the world for foreign investors. China surpassed Japan to become the world’s second-largest healthcare market in 2013 and continues to develop at double-digit rates. Indeed, it’s the fastest-growing healthcare market of all large emerging economies. Recently in 2016,...
With cross border e-Commerce (CBEC) taking an increasing bigger share of the total import and export market, it is of no surprise that the government has taken CBEC regulations more seriously. As consumer complaints and industry speculation over unfair competition increase, regulatory authorities have taken notice. Foreign companies seeking to pursue business opportunities in China’s...
JP Morgan’s co-president Daniel Pinto still hopes its new China securities venture will be approved next year, and insists the US giant’s aspirations in the world’s second largest economy will not be “derailed” by any setbacks. The biggest bank in the US by total assets, JP Morgan applied to the China Securities Regulatory Commission last...
Tim Cook was visibly excited at the Chaoyang Future School in Beijing on Wednesday, watching high school students use Apple Pencils on iPads. “I’m incredibly impressed by the talent and passion of your students, teachers and staff,” the Apple chief executive wrote in a post in Chinese and English on Weibo, the Chinese equivalent of...
China’s largest search engine Baidu operator, and the national champion in autonomous driving, has launched its latest demonstration of self-driving buses in China, in Longlingshan Park in Wuhan, the capital city of Hubei province. This has moved the company one step closer to the commercialization of a mode of transport its sees as the future of mobility....
The Huawei Mate 20 series, is expected to be its most high-end smart phone to date. It will be equipped with the company’s in-house Kirin 980 chip specifically designed for AI computing tasks, as stated by the Shenzhen-based company on its official sales website. Pre-orders have started at 10.08 PM on October 17th following the...
President Donald Trump on Tuesday linked his decision to continue backing Saudi Arabia — despite the murder of a U.S. resident by Saudi agents — to his desire to keep oil prices low. “Saudi Arabia, if we broke with them, I think your oil prices would go through the roof,” Trump told reporters on Tuesday....
U.S. homebuilding rose in October amid a rebound in multifamily housing projects, but construction of single-family homes fell for a second straight month, suggesting the housing market remained mired in weakness as mortgage rates march higher. Other details of the report published by the Commerce Department on Tuesday were also soft. Building permits declined last...
President Donald Trump’s attacks on Federal Reserve Chairman Jerome Powell aren’t popular with one important polling group within the markets: chief financial officers. Four in five North American members of CNBC’s Global CFO Council support Federal Reserve Chair Jerome Powell’s handling of the economy versus only a third who approve of Trump‘s handling of the...
The Federal Reserve is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down. The probability of a U.S. recession in the next two years, while still low,...