Entries by admin

China and Angola sign cooperation deals

China and Angola sealed eight agreements on Tuesday covering areas such as economic cooperation, transportation, electricity and financing as Africa’s second-largest oil producer continues to face problems caused by falling crude prices. The agreements were signed in Beijing after a meeting between President Xi Jinping and Angolan President Jose Eduardo dos Santos, who arrived on […]

China’s Dalian Wanda buys Australian cinema chain Hoyts

Wanda Cinema Line Corp, a unit of China’s leading property developer Dalian Wanda Group, said it would buy Australian cinema chain Hoyts Group, a purchase that underscores its parent’s ambitions to become a global entertainment company. Wanda Cinema, in a regulatory filing on Tuesday, did not disclose how much it would pay for Hoyts. In […]

China to dominate Asia’s growth in wine imports

Asia, particularly China, is set to dominate global wine consumption and import growth this decade, according to a new study. Research from the University of Adelaide’s Wine Economics Research Centre shows that China’s wine consumption could grow could grow by 60 per cent over the next few years, with demand set to outstrip supply by […]

China stimulus buoys Australian dollar

The People’s Bank of China’s decision to help stimulate the world’s second largest economy by cutting the amount of cash the country’s banks need to hold has helped the Australian dollar briefly match a one-month high. “This clearly signals that China has entered into an aggressive monetary easing cycle, to counter the economic slowdown and the rising […]

Plan launched to test compulsory school system

A plan that will enable the country to evaluate the compulsory education system for the first time was launched on Wednesday, with experts saying it will assist in policymaking and promote quality education across the country. The plan, drawn up by the State Council’s Education Supervision and Guidance Committee, is designed to test the academic […]

Chinese brands given new overseas safeguards

New measures were unveiled on Thursday aimed at ensuring the quality of Chinese products sold overseas. The document calls for efforts to further help Chinese companies to invest and operate overseas and to expand product marketing. It also seeks strengthened negotiations and communications on IPR protection, a key issue for Western countries concerned about counterfeit […]

Li backs firms’ global vision

China is to pilot the removal of preconditioned government approval for offshore corporate bonds, part of a national arrangement to lower the financing cost of enterprises expanding overseas.The move, along with the government’s efforts to speed up the growth of China-funded financial institutions and introduce more long-term export credit insurance, will make it easier for […]

Chinese ‘golden ticket’ millions eye Australian mining assets

Chinese “golden ticket” visa money is looking for a home in Australian mining assets, with local private firms sounding out advisers on copper and gold assets to on-sell to visa hopefuls, often at a hefty premium. Sell side advisers told Fairfax Media that they have been fielding approaches from private domestic companies on West Australian assets […]