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China Billionaire Guo Guangchang’s Fosun Adds German Private Bank To Global Network

Shanghai billionaire Guo Guangchang is the chairman and co-founder of Fosun International. … [+] Photographer: Paul Yeung/Bloomberg © 2018 Bloomberg Finance LPA company controlled by one of China’s better-known billionaires has purchased a German private bank, adding to his international business footprint.Hauck & Aufhäuser, a subsidiary of Shanghai-headquartered Fosun International, has bought German private bank…

China denounces Taiwan president’s speech

TAIPEI: China’s government on Sunday denounced Taiwan President Tsai Ing-wen’s National Day speech, saying it incited confrontation and distorted facts.The seeking of Taiwan independence closes the door to dialogue, China’s Taiwan Affairs Office said.Speaking earlier on Sunday, Tsai said that Taiwan will keep bolstering its defences to ensure nobody can force the island to accept…

US-listed Chinese group Renren settles investor complaint for $300m

Renren, the once high-flying Chinese social network turned start-up investor, has settled with US shareholders for $300m over allegations of corporate misconduct.Dissident investors had accused the company of steering its best assets, including a stake worth hundreds of millions of dollars in the digital lender SoFi, towards Renren insiders including SoftBank.The settlement marks a rare…

LAC and the India-China stalemate

LAC and the India-China stalemate – Hindustan Times Home / Opinion / LAC and the India-China stalemateopinionLAC is fragile, and India has to deal with a more complex geopolitical situation than in October 1962PREMIUM Almost six decades after the war of October 1962, India and China are yet to arrive at a modus vivendi on…

Renewable Energy in China – BORGEN

SEATTLE, Washington — In China, the government’s budget allocates 5.95 billion yuan ($905.7 million) toward renewable energy, with 3.38 billion yuan for solar energy and 2.31 billion yuan for wind energy. Out of these methods, solar power spending focuses explicitly on poverty alleviation and reduction to counter imbalanced regional development. Here are a few of…