Hong Kong police have arrested protesters on the eve of Chinese President Xi Jinping‘s visit to the city to commemorate the 20th anniversary of its handover from Britain to China. The demonstrators had gathered around the Golden Bauhinia statue to express their frustration with what they perceive as Beijing’s encroachment on democratic values. Those detained […]
Read moreA worker with blood dripping from his head marked a low point in the tense, grinding life at a southeastern China factory used by Ivanka Trump and other fashion brands. An angry manager had hit him with the sharp end of a high-heeled shoe. Workers from the factory, including one current and two former employees […]
Read moreDALIAN, China — China should double its military spending in order to shore up both national and regional security, an international relations expert said Wednesday. “They should double it — I think China spends too little right now,” said Yan Xuetong, dean of Tsinghua University’s Institute of International Relations. At the very least, the world’s […]
Read moreBlockchain is not a zero-sum game and its implementation across various sectors is going to be an overall positive for businesses, German software company SAP‘s chief strategy officer said Wednesday. Deepak Krishnamurthy spoke to CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian, where he said blockchain will complement SAP’s […]
Read moreDALIAN, China — The Chinese market for counterfeits is petering out as consumers grow more choosy about quality and brand-names, a top Alibaba executive said Wednesday. Gao Hongbing, an Alibaba Group vice president and director of research arm AliResearch, offered some predictions on the fate of counterfeits in response to a question from CNBC at […]
Read moreDALIAN, China — Companies need to get serious about becoming more data savvy, collecting and analyzing information to better position themselves to stay one step ahead, said Yao Zhang, the founder of robotics firm RoboTerra. “Every company, whichever sector you belong to today, eventually you will be a data company very soon,” Zhang said Wednesday. […]
Read moreWithout investing in new, emerging technologies, companies cannot hope to grow in the longer term, the group managing director of Hong Kong-based telecommunications services provider PCCW said on Wednesday. B.G. Srinivas said that while investments in emerging technologies may take time to create new revenue streams, it was important for companies to start betting on […]
Read moreChinese stocks could attract more than $400 billion in inflows once shares are fully included in widely followed MSCI indexes, the world’s largest asset manager BlackRock said on Wednesday. The comment made by its managing director and head of China equities, Helen Zhu, was in response to the muted reaction from market watchers after MSCI […]
Read moreJapan’s Toshiba said on Wednesday it is filing a lawsuit against joint venture partner Western Digital. Toshiba is claiming 120 billion yen ($1.07 billion) in damages, saying in a statement that Western Digital is interfering with the sale of its memory chip division. Toshiba also said it has decided to shut out Western Digital employees […]
Read moreWith a population of 1.4 billion and limited arable land, China is trying hard to convince citizens to accept genetically modified (GM) food, but there is still consumer resistance to such crops. The Dow Chemical Company expected continuing public education will help. “It’s all about education and based on providing facts and data in terms […]
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