The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
By Lauren Dodillet China’s foreign minister Wang Yi said Sunday that negotiations with Russia for the Altai pipeline should be completed by the end of 2016. The pipeline will carry gas from the Altai region of Siberia into China. China, while remaining neutral on the Ukraine issue, has continued to sponsor Russia through resource and […]
By Lauren Dodillet Zhejiang Ant Small & Micro Financial Services Group—aka Ant Financial, the parent company behind Alibaba Group’s Alipay—plans to launch its IPO in China in either late 2016 or early 2017. Before the launch, Ant will pursue an initial private placement of 10 percent of its shares worth $4 billion, state-run media announced […]
A former China market entry strategist answers questions about the cultural issues of American-Chinese business relations and discusses how American companies should manage these differences. By Ellen Huber When Den Leventhal found himself singing a near-and-dear Hebrew song at a karaoke bar, and his Chinese business partners started clapping and stomping along, he knew he […]
By Lauren Dodillet The China-led $40 billion Silk Road Fund Company Ltd. began operations in early January to finance Chinese economic development programs: the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The fund will invest in infrastructure, resource development, and industrial and financial cooperation to connect Asian, Australian, and European economies […]
Western consultancy companies are facing questions in China. Can Chinese companies capitalize on the moment? By Suzanne Edwards On June 9, 2014, in an interview with China Daily, veteran management consultant in China and Founder of Gao Feng Advisors Ed Tse had some choice words for American executives in his industry of management consulting, claiming […]
In the following excerpt from Joel Backaler’s book “China Goes West: Everything You Need to Know About Chinese Companies Going Global,” the chairman of China’s largest domestic automaker discusses how his company bought out Sweden’s Volvo: “We are like a poor farm boy pursuing a famous movie star,” said Li Shufu, Chairman of Chinese automaker Geely. […]
By Lauren Dodillet A merger between state-owned nuclear enterprises China Power Investment Corporation (CPI) and State Nuclear Power Technology Company (SNPTC) was approved earlier this month by China’s State-owned Assets Supervision and Administration Commission. The resulting firm will have more than $96 billion in assets, Reuters reports. Restructuring work is underway to merge the two […]
By Owen Haacke China’s policymakers are starting to reveal details about the direction of the country’s next Five-Year Plan (FYP), the central government blueprint for China’s long-term social and economic policies. While the 13th FYP (2016-2020) is still in the early planning stage, sources say it will focus on boosting economic development during a period […]
By Lauren Dodillet China’s Dacheng Law Offices merged with international firm Dentons late last month, creating the world’s largest law firm and marking the second merger ever between a Chinese and multinational firm. Dacheng will join the other foreign firms that comprise the Dentons conglomerate while maintaining much of its autonomy. Dacheng and Dentons will […]
