China has announced plans to permit wholly-owned foreign hospitals in eight major cities and the island province of Hainan, according to a statement released by the Ministry of Commerce. This move is part of a broader strategy to enhance the healthcare sector and attract foreign investment. The cities included in this initiative are Shenzhen, Beijing,...
This narrative of Chinese entrepreneurs like Cao Fengze, Fang Jing, Li Yi, and Hu Zhenxing mirrors the adventure spirit seen in Robinson Crusoe, but applied to Africa’s burgeoning development scene under the Belt and Road Initiative (BRI). These young Chinese professionals have chosen to explore the dynamic African markets, seeing them as new “goldmines” brimming...
China will initiate an anti-discrimination investigation in response to Canada’s decision to impose steep tariffs on electric vehicles (EVs), steel, and aluminum products imported from China, according to the Ministry of Commerce’s statement on Tuesday. This move follows Canada’s recent announcement of a 100-percent tariff on Chinese-made EVs, mirroring similar measures introduced by the U.S....
Zimbabwean President Emmerson Dambudzo Mnangagwa expressed keen interest in the innovative range of new energy vehicles (NEVs) during his visit to BYD Co.’s headquarters in Pingshan District, Shenzhen, on Friday. Mnangagwa, who led a delegation to Shenzhen from Thursday to Saturday, was on a mission to learn about the city’s advancements in scientific and technological...
Shenzhen Bao’an International Airport officially opened its Jiangmen terminal on Wednesday, providing a significant boost to travel convenience for residents on the western side of the Pearl River Delta. The new terminal, located in Xinhui District, Jiangmen, offers check-in services for flight passengers and is the second such facility established on the opposite side of...
Chinese investment in Brazil surged by 33% in 2023, reaching a total of US$1.73 billion, according to a recent study released by the Brazil-China Business Council (CBBC). Despite a slight decrease in the number of confirmed Chinese projects—from 32 in 2022 to 29 in 2023—this year marked the third-largest investment volume since 2007. A significant...
Sanergy Group, a company specializing in graphite products, saw its stock collapse by 98% on Tuesday following a stark warning from Hong Kong’s securities regulator regarding the company’s ownership structure. The Securities and Futures Commission (SFC) alerted investors to the risks associated with Sanergy’s highly concentrated ownership, where 90.2% of its shares are held by...
Hong Kong — The ongoing downturn in Hong Kong’s property market is compelling property owners to offer steep discounts on assets, with The Connaught hotel in Sai Ying Pun becoming one of the most prominent examples. The 29-storey, 52-room hotel, which lies adjacent to Central’s core business district, is now being offered at HK$600 million...
Alibaba Dual-Primary Listing Boosts Investor Access Introduction to Alibaba’s Dual-Primary Listing Alibaba Group Holding will switch its listing status in Hong Kong to a dual-primary listing. This strategic move allows mainland China’s 220 million stock investors to invest in the tech giant’s shares. Starting August 28, 2024, Alibaba’s shares will be available through the Stock...
Surge in China Service Consumption Drives Economic Growth This summer, China’s economy received a substantial boost, largely fueled by a surge in China Service Consumptionacross various sectors such as tourism, entertainment, and sports. This trend highlights the growing importance of China Service Consumption in driving the nation’s economic development. Expanding Cultural and Tourism Events The Ministry of Culture...