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Category: China News

Recalling defective vaccines will deal heavy blow to China’s drug exports: experts

Changchun Changsheng Biotechnology Corporation, the Chinese company which manufactured the vaccines, has been accused of producing ineffective vaccines and violating immunity standards.  China initiated protocols on Tuesday to recall fake rabies vaccines sold in other countries and regions amid the recent vaccine scandal. This will strike a heavy blow to drug […]

Heineken takes $3.1 billion stake in China’s top brewer

Dutch beermaker Heineken will pour $3.1 billion into a stake in China’s top brewer, expanding its access in the Asian giant’s booming and hotly contested market. Heineken has signed a “non-binding” agreement with China Resources Beer to acquire 40 percent of CRH, the listed entity controlling the Chinese group, for […]

Heavy rain triggers flood, disrupts traffic in China

Heavy rain continues in most parts of China on Friday, causing floods and traffic disruptions, forcing people to evacuate and tourist attractions to close. The second flood peak of the Yangtze River this year has formed in its upper reaches, with severe flooding occurring in many branches of the river, […]

China weary FIIs may find a safe haven in Indian equity

If the trade war escalates it would turn out to be a boom for India’s stock market. Dalal Street is gaining the reputation of a haven among emerging markets, which are reeling under the increasing threat of trade war between global economic giants led by the US.  Overseas money managers […]

Europe claws higher after China enters bear territory

Modest gains from Europe’s main bourses relieved nervy investors on Tuesday, after the latest escalation in an increasingly global trade storm pummeled Wall Street and sent China into ‘bear’ market territory.  A 0.3 percent rise from the FTSE in London and 0.4 percent gains from Frankfurt and Paris was a […]

China’s equity market is at risk of losing title of world’s number two stock market

 z Chinese stocks have lost more than $1.6 trillion in market cap after Tuesday’s wipeout of $406 billion. It would only take another drop of a similar magnitude to make Chinese stocks less valuable than those in Japan. China is holding the position of the world’s second-largest equity market since it […]

China to set up University for nuclear power research

China is planning to build a specialized University to focus on nuclear power research just to fulfill the severe shortage of skilled and qualified people at its rapidly-expanding atomic energy facilities at home and abroad. China National Nuclear Corporation (CNNC), the country’s leading nuclear power developer and nuclear power plant operator, […]