China's Archives - Pinfaves

China’s tech services are a top investment pick amid decoupling with the US, says CITIC Capital CEO

January 22, 2020January 22, 2020 Loknath Dasa, Amid, Are, Capital, China's, CITIC, decoupling, investment, pick, Says, Services, Tech, The, Top, US, With

Consumption, healthcare and technology are three sector picks for investing in China, said CITIC Capital’s top executive on Tuesday. “For us, the top priority … is still on consumption, because it’s still growing at a higher rate than GDP growth,” said Zhang Yichen, chairman and CEO at CITIC Capital, the flagship investment arm of Chinese state-owned conglomerate CITIC Group. China’s GDP growth was 6.1%, down from 6.6% in 2018 as the economy took a hit from its bitter trade war with the U.S. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Zhang said health care is…

Puerh Tea: This Is China’s Best Kept Secret For Weight Loss

August 14, 2018 Loknath DasBest, China's, for, Is, Kept, Loss, Puerh, Secret, Tea, This, Weight

Over the years, the perks of drinking tea have become better known, especially if you are looking at losing weight. No, we aren’t talking about our very own milk chai, but teas like black tea, green tea, chamomile tea and blue tea that have been known to promote health, prevent diseases and aid weight loss. There are more varieties that are slowly marking their presence into our lives, out of which puerh tea tops the list. Known to be China’s best kept secret, puerh tea (pronounced as poo-air) is cultivated…

China’s Smoggiest City Closes Schools Amid Public Anger

December 23, 2016 SrijitaAmid, Anger:, China's, city, Closes, Public, Schools, Smoggiest

China’s smoggiest city closed schools on Wednesday, as much of the country suffered its sixth day under an oppressive haze, sparking public anger about the slow response to the threat to children’s health. Since Friday a choking miasma has covered a large swathe of northeastern China, leaving more than 460 million gasping for breath. Shijiazhuang, the capital of Hebei province, was one of more than 20 cities which went on red alert Friday evening, triggering an emergency plan to reduce pollution by shutting polluting factories and taking cars off the…

China’s Huawei Evaluating Mobile Phone Manufacturing in India

April 11, 2016 SrijitaChina's, Evaluating, Huawei, In, India, Manufacturing, Mobile, Phone

China-based Huawei is evaluating ways to start production of mobile phones in India through contract manufacturing in association with Foxconn and is currently studying the business models and tax incentives. A delegation of Huawei, led by its India CEO Jay Chen, met Telecom Minister Ravi Shankar Prasad on Friday and apprised him of its expansion plans for the country. “We had a very elaborate talk and they have said that till now they have invested $2 billion (roughly Rs. 13,309 crores) in India in the last 16 years,” Prasad said.…

China’s ZTE Revises 2015 Profit After US Export Curbs

April 11, 2016 Srijita2015:, After, China's, Curbs, Export, Profit, Revises, US, ZTE

Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit on Wednesday due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran. Shenzhen-based ZTE said its 2015 net profit rose 22 percent to CNY 3.2 billion ($493.3 million or roughly Rs. 3,277 crores). On January 19, the company reported a preliminary 2015 net profit of CNY 3.8 billion. ZTE said in a stock exchange filing the reduction was due to a reassessment of future cash inflows arising from related contracts following…

China’s ZTE Said to Appeal US Export Ban After Lobby Efforts Fail

March 16, 2016 SrijitaAfter, Ap, Appeal, Ban, China's, Efforts, Export, Fail, Lobby, Said, to, US, ZTE

China’s ZTE Corp will appeal tough US export restrictions imposed last week, according to a person familiar with the matter, after the telecom equipment maker’s costly lobbying effort failed to allay concerns about its business. The US Commerce Department imposed restrictions on US suppliers providing crucial components to ZTE for alleged Iran sanctions violations, a move likely to disrupt its global supply chain. “The US Department of Commerce and ZTE Corp are in ongoing discussions,” a senior Commerce Department official told Reuters. “These discussions have been constructive, and we will…