Last week, the White House announced a 100% Section 232 tariff on large drones and critical components, citing their dual-use applications. The duties are set to take effect on September 3.
By Carola McGiffert and Stephen A. Schwarzman When Vice President Joe Biden visited Beijing in December, he was on a crisis-management mission to diffuse recurring tensions in the East China Sea, spurred most recently by China’s new Air Defense Identification Zone. This development has the entire region on edge, worried about the real potential of […]
Brookings Fellow David Dollar says that China’s 2014 GDP target is “very achievable,” but risks at home and in the global economy could put the brakes on growth. By Christina Nelson In January, the International Monetary Fund projected that China’s GDP would grow 7.5 percent in 2014. But how China hits that target has important […]
Opportunities for Thermo Fisher Scientific have expanded as China has boosted efforts to curb air pollution. By Christina Nelson Severe air pollution in China’s major cities has closed schools, delayed flights, and inspired a variety of creative homemade air filtration solutions. As the problem has intensified over the past year, central and local government offices have […]
By E.J. Thomas After months of speculation and disagreements over the final purchase price, IBM has agreed to sell its low-end server business for $2.3 billion to Chinese PC manufacturer Lenovo. If the acquisition is approved, it will be China’s largest technology deal ever. News of Lenovo’s interest in IBM’s server business first broke in […]
President Xi’s campaign against corruption and extravagant spending may be improving the public’s perception of the government, but it’s also affecting the global luxury goods market. By Tim Donovan Describing corruption as a “disease that calls for powerful drugs,” Chinese President Xi Jinping promised an even stronger crackdown on graft when he addressed the Chinese […]
Power Assets Holdings Ltd., an electric utility company controlled by the world’s eighth-richest man Li Ka-shing, raised $3.1 billion for its HK Electric Investments single-investment trust during the unit’s initial public offering (IPO) on Tuesday. Power Assets said in a statement that the final offer price for its 4.43 billion units was $0.70 each. China’s […]
Lenovo, the world’s largest PC manufacturer, has resumed talks with IBM for its low-end server business, according to Bloomberg. The talks between the two companies broke down last year when Lenovo offered $2.5 billion while IBM was hoping for an offer closer to $4 billion. The deal, if successful, would propel Lenovo into the roughly […]
BAIC Motor, a subsidiary of the state-owned Beijing Auto Group and the Chinese partner of Daimler AG and Hyundai Motors Co., is planning for a $2 billion initial public offering in Hong Kong, according to the Wall Street Journal. Reuters reports that the IPO listing could come as early as the second quarter of 2014. […]
By Stephanie Henry Companies investing in any market must deal with administrative licensing — or getting official government approval for everything from selling products to building new manufacturing facilities. But in China, the extensive, complex, and at times onerous licensing system at all levels of government can result in significant delays, added costs, and lost […]
