China Securities Investor Confidence Down In July
The investor confidence index compiled by the China (FXI, quote) Securities Investor Protection Fund Corp. (SIPF) dropped from 54.9 in June to 51.6 in July.
FXI
Alibaba Q1 revenue surges 59%, best since IPO
China’s e-commerce giant Alibaba on Thursday announced revenue growth of 59 percent in the first fiscal quarter ending June, the fastest since its Initial Public Offerings.
Apple Will Cut No Investments In China Despite Sales Decline
Apple Inc., one of the world’s technological front-runners, may lose ground in China as its revenues and net profits have been declining.
China’s Industrial Profit Growth Slows Further In May
The profits of China’s (ASHR, quote) major industrial firms rose 3.7 percent year on year in May, 0.5 percentage points lower than the rise recorded in April, official data showed on Monday.
McDonald’s Gets Bids For China Store Sales
McDonald’s Corp has received more than half a dozen bids for its planned sale of Chinese mainland and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower Group and China National Chemical Corporation in a deal worth about $3 billion, people familiar with the matter said.
Disney – China’s Theme Parks Drive A-P Growth
The theme park business in China saw its biggest event of the year on Thursday when the $5.5-billion Shanghai Disney Resort opened. It is Disney’s sixth park worldwide and the largest in Asia, wowing both local and foreign tourists with exotic experiences and Chinese elements.
Wanda To Open Theme Park Before Disneyland’s Launch
Wanda Group will open its first outdoor entertainment complex in province of Jiangxi on Saturday. The launch of its Nanchang Wanda City looks perfectly timed by the company’s ambitious founder, billionaire Wang Jianlin, to take at least some of the thunder from its biggest potential rival.
Wanda’s chief bombards Shanghai Disneyland
The billionaire behind China’s Dalian Wanda Group asserted that its rival Walt Disney may face huge obstacles when operating in the country as the iconic US firm is due to unveil its largest theme park in the Chinese mainland next month.
Foxconn To Build New Huawei Smartphone Factory
Foxconn Technology Group, the world’s largest computer manufacturer and supplier to Apple Inc., is reportedly building a new factory for Huawei Technologies in southwest China’s Guizhou Province (FXI, quote).
China Protests Over US Steel Duties
China registered its “strong dissatisfaction” with the United States on Wednesday for imposing import duties of 522 percent on Chinese cold-rolled flat steel.