China

Two of Uber’s Rivals, Lyft and Didi Kuaidi Team Together to Form International Strategic Alliance

Two of Uber’s Rivals, Lyft and Didi Kuaidi Team Together to Form International Strategic AllianceUber's completion just got tougher on Wednesday, as  its rivals, Lyft, based in San Francisco

Deflation Fears in China Further Deepen as Producer Prices Drop at Its Greatest Speed in Six years

Deflation Fears in China

The deflation risks are dawning deeper for the Chinese economy as the manufacturers in August cut prices at the greatest ever speed with dropping commodity prices and slowing demands. The slowing economic growth and increasing woes of deflation have added to expectations that the government will introduce fresh stimulus measures.

Uber China Draws Investors for Its $1 Billion Fundraising Round

Uber China Draws Investors for Its $1 Billion Fundraising RoundSan Francisco, California based Uber Technologies Inc., closed its $1 billion fundraising round fo

Assurance from China’s Central Bank Helps the Australian and NZ Dollar to Edge Up

Assurance from China’s Central Bank Helps the Australian and NZ Dollar to Edge UpYesterday, as China allowed the yuan to drop at the fixing the Australian and New Zealand dollars also faced the jitters.

But with some assurance from the central Bank of China that will not allow the yuan to drop to shore up the economy, both the currencies bounced back a little on Thursday.

South Korea’s First Preference is Chinese Led Consortium for Salvaging Sunken Ferry, Sewol

South Korea’s First Preference is Chinese Led Consortium for Salvaging Sunken Ferry, SewolOn Wednesday, the South Korean authorities chose a consortium led by a Chinese company as an ideal bidder to recover the remains of ferry which sank last year in April killing three hundred or more people. It was considered as one of the deadliest tragedies to have happened in decades in the country.

Stocks in China Continue to Drop; Central Government Owned Firms Told Not to sell Shares

Stocks in China Continue to Drop; Central Government Owned Firms Told Not to sell Shares The market volatility in China continues worrying the asset administrators who advised the forms owned by the central government not to sell shares of their own listed companies. The market going through "unusual market volatility" is witnessing the Chinese stocks plunge even though the government is introducing an array of financial measures to boost the economy.

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