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 largest state-run grain trading company announced at the end of October that it was planning to launch an IPO within three years. China National Cereals, Oils, and Foodstuffs Corporation (COFCO) CEO Frank Ning said the company will prioritize vertically integrating its newest acquisitions, grain exporters Nidera LLP and Noble Agri Ltd., […]
By Lauren Dodillet Representatives from China, India, and 19 other Asian nations gathered in Beijing last Friday to sign a memorandum of understanding to establish the Asian Infrastructure Investment Bank (AIIB). China, which proposed the project last year, hopes the Beijing-based bank will effectively replace the Asian Development Bank and the World Bank in supporting […]
By Lauren Dodillet Tianhe Chemicals Group Ltd., one of China’s leading chemicals producers, lost nearly $3.1 million in market value after hackers from the group Anonymous Analytics accused it of stock market fraud in early September. Tianhe CEO Wei Xuan denied all accusations of tax dodging and revenue misrepresentation, and requested a halt to Tianhe […]
By Ellen Huber US film company Universal Studios Inc. has teamed up with state-owned Chinese partner Shouhuan Cultural Tourism Investment Company to build a $3.3 billion theme park in Beijing. The park—which will be owned by the partners and a consortium of state-owned enterprises—is expected to open in 2019, reports the Financial Times. The deal […]
By Lauren Dodillet Chinese Prime Minister Li Keqiang and Russian Prime Minister Dmitry Medvedev signed 38 agreements promoting economic cooperation between the two countries on Monday in Moscow. Two major agreements concerned a natural gas pipeline and a yuan-ruble currency exchange. The currency exchange deal—set to last for the next three years—is worth up to […]
By Amy Ling and Hardy Zhou This year marks the 11th consecutive year in which the Central Committee of the Communist Party of China has focused on rural issues in its most important policy statement of the year, the No. 1 Central Document. This repeated emphasis on supporting and protecting agriculture, rural areas, and farmers […]
By Lauren Dodillet China’s state-owned Anbang Insurance Group Co. Ltd. agreed to buy New York City’s landmark Waldorf Astoria Hotel from Hilton Worldwide Holdings Inc. for $1.95 billion on Monday, reports Forbes. The deal sets dual all-time records: the largest acquisition of US real estate by a Chinese buyer and the most expensive purchase of […]
