As Chinese President Xi Jinping and US counterpart Barack Obama will hold this week their first major meeting, China and Silicon Valley continue to grow more closely tied than ever.
A new book with then-and-now pictures of China was unveiled on Friday at Book Expo America at the Jacob K. Javits Convention Center in New York City. Entitled Wuxi: Through an American's Lens, the photographs chronicle Wellesley College political science professor William Joseph's two trips to China: one in 1972, 10 days after President Richard M. Nixon's historic trip there; and a second visit 40 years later to the same places.
When Shuang-hui International Holdings Ltd announced it would acquire US pork processor Smithfield Foods Inc for $4.7 billion, the aspect of the deal that grabbed headlines was that it represented the biggest Chinese takeover of an American company. What hasn't been emphasized nearly enough is that the Smithfield deal could be just the first of numerous transactions tied to an ambitious new effort by Beijing to obtain raw materials needed to run its fast-growing economy, and particularly to meet a growing demand for US-produced pork.
China UnionPay and US paymenttransfer company Money-Gram International Inc have agreed to expand their emergency-cash service for Union-Pay credit-card holders, the companies said.
The door for Chinese companies to list their shares outside the mainland market re-opened in Hong Kong this month, after two companies raised more than HK$20 billion ($2.57 billion), according to Fang Fang, CEO of China investment banking at JPMorgan Chase & Co.
China is poised to overtake Japan this year as the nation with the world's second-most millionaire households, behind the United States.
From May 9 - 17, a group of officials from cities in North Carolina and Alabama traveled 23,000 miles through seven Chinese cities and attending 34 separate meetings. The goal of their trip was to forge closer economic relationships with the world's second-biggest economy.
Last year, Ian Carroll and Kristy Carr launched a test version of the Kids Learn Mandarin digital app to offer a quality and fun language-learning tool for international children learning Chinese.
China is studying the possibility of joining a US-led trade agreement for the Asia-Pacific region, a Ministry of Commerce spokesman said in the strongest official sign that Beijing has overcome its earlier opposition to the proposed accord.
Foreign retailers in China are changing their strategy in the nation amid fierce competition, rising costs and consumers' changing demand, Ministry of Commerce spokesman Shen Danyang said on Thursday.
Chongqing Lifan Group, one of the largest domestic motorcycle and automobile producers, plans to enter the US market within five years through merger and acquisition activity.
With tensions easing on the Korean Peninsula, the expanding conflict in Syria has become the hottest spot in the world today. The two years of fighting there has killed some 80,000 people and left more than a million homeless.
Shipping bankruptcy strands ships, roils maritime cargo industry
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