China's slowdown has caused negative effects in businesses and countries around the world that financially depend on a large chunk of business with the Asian country. China must transition into a consumer drive economy in order to grow in the future, but the steps necessary to do so are complicating their international partnerships.
Tags: China
After Test Flights In Spratly, China Intends Regular Flights From Woody Islands, Invites For Private Investments
China has been claiming most of the potentially oil- gas enriched islands located in the South China Sea region. Moreover, naval routes of this region are extremely important for passage of huge trade consignments. These factors have allured China to take control over the zone. But Chinese efforts in this regard are creating tensions among its neighboring countries, also claimant for the disputed islands.
China's Baidu is considering investing in Indian's Zomato, BookMyShow, and BigBasket
The top online search engine already had the initial discussions with the three Indian startups. Baidu seeks to expand to India due to growing online population and internet user.
Great Wall Motor launched its new R&D office in Japan to acquire new technologies
The company aims to establish other R&D offices overseas, especially in the United States and Europe. By doing that, they strive to deliver better quality and technology that could enter globat markets.
China’s Iron Ore import to Increase as Price Hammered in December
Chinese iron ore imports rose to a record-high in December, suggesting that demand from the world’s largest consumer remains robust. The enormous increase coincided with signs of continued inventory restocking at chinese ports.
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US Treasuries dropped for the first time in seven days as China concerns eased. The unexpected depreciation of Yuan by China's central bank sent shock waves across the global markets. This triggered selloff in equities and forced investors towards safe havens such as treasuries and gold.
The Chinese startups showing off their products at CES this year demonstrated the large amount of innovations being created in the country. The companies debuted impressive smartphones, car-smartphone integrations, and giant helicopter-like drones.
China seeks to disarm North Korea nuclear weapon. Beijing has initiated dialogue with South Korea after North Korean conducted its fourth nuclear test on Wednesday.
In the recent update of South China Sea dispute, incident of Chinese coastguard attacking Vietnamese fishermen occurred even more. The fishermen were beaten and their equipments were broken. Chinese coastguard also damaged the ship.
Vietnam issued second warning for China for landing two airplane on the artificial island in disputed Fiery Cross Reef.
Continuing 12-month falling streak, South Korea suffered drop in exports during December 2015 as well. The sluggish Chinese demand and weaker global outlook have impacted South Korea's exports in 2015. The drop in exports surpassed the forecast of economists.
The Chinese government just passed a new controversial anti-terrorism law as part of the country's effort to curb any threat either from the inside or outside of the country. According to the new law, the Chinese authority has the right to request for sensitive information from any technology firms in the country.
Samsung has announced the new high-end smartphone in the Galaxy A lineup, called the Galaxy A9. The new smartphone was announced this week in the Galaxy A Party event in China after its specifications and design were leaked for several times in the past few weeks.
If you haven't heard of it, Alibaba is a Chinese e-commerce company that started as a e-marketplace and now has grown to offer other services like electronic payment and cloud computing. They've become one of the biggest companies in China and now, they have even more money to expand with possibly $38 billion available for deals next year.
