China’s small cities barred from reaching for the stars with sky scraping vanity projects October 28, 2021 China has put limits on smaller cities, restricting their ability to build “super high-rise buildings”, for fear of indulging in too many vanity projects. The country, home to the largest number of tall buildings in the world, has already banned buildings taller than 500 metres – which joins another ban on “ugly architecture” from earlier [...]
Ericsson to make further reductions in China after Q3 results October 20, 2021 The Swedish telecommunications company plans to reduce its operations in China after suffering a fall in sales post Huawei ban, as well as ongoing supply chain disruptions.
‘No Sino-phobes’: UK will not ‘pitchfork’ business from China despite Hong Kong and human rights October 19, 2021 Boris Johnson has told the Chinese business community the UK has no intention to “pitchfork away” investment from China despite ongoing differences with Beijing over human rights and Hong Kong. Ahead of the Global Investment Summit in London, later today, the Prime Minister said China would continue to play a “gigantic part” in UK economic [...]
Microsoft to shut down local version of LinkedIn in China October 14, 2021 Microsoft will shut down the version of its jobs social media platform LinkedIn operating in China. The exit comes nearly seven years after LinkedIn’s launch in the country, with Microsoft intending to replace it with a stripped-down version of the platform that would focus only on jobs. LinkedIn is the last major US social media [...]
Trevelyan hits out at ‘unfair trading practices’ in swipe at China October 11, 2021 The UK’s new international trade secretary will tomorrow hit out at countries engaging in “unfair trading practices” in an apparent attack on China. Anne-Marie Trevelyan will use her first G20 trade meeting in Sorrento, Italy to say “we will not allow British businesses who play by the rules to be damaged and undercut by market-distorting [...]
Aye, aye Captain! The new defence chief of staff needs to tackle the China question October 11, 2021 The appointment of a new chief of the defence staff—the professional head of the British armed forces— easily slips into the important but not newsworthy category. Last week’s announcement that Admiral Sir Tony Radakin, currently first sea lord, will take up the post in November should, however, give even passing observers pause for thought. For [...]
Canary Wharf skyscraper faces uncertain future as China cracks down on builders October 6, 2021 Many development projects in London are in limbo as Beijing is cracking down on overleveraged firms and casting a pall of uncertainty on their ability to bankroll their ventures. Greenland, a major Chinese real estate developer which rushed to London in post-recession boom along with many others, is reportedly struggling to finish ‘Spire’, which when [...]
Chinese airlines push back against IATA’s net-zero pledges October 5, 2021 Chinese carriers lobbied global airlines body IATA to push back its net-zero 2050 deadline but they were rejected by the organisation, which stressed its commitment to the Paris Agreement, according to reports. Chinese airlines have pushed back against the International Air Transport Association’s (IATA) resolution to commit to net-zero CO2 emissions by 2050. Carriers reportedly [...]
China GDP on a roll October 21, 2005 China’s economy recorded a whopping 9.4 per cent growth in the last quarter, leaving the anaemic economies of the West far behind. Growth exceeded analysts’ expectations as the Chinese juggernaut was bolstered by strong exports and high public spending. Real gross domestic product (GDP) grew by 9.4 per cent on last year on the back [...]