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News About World Trade
January 10, 2017
McDonald's sells China operations for $2.08 bn
Beijing (AFP) Jan 9, 2017
US fast-food giant McDonald's will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday. The deal is part of an international turnaround plan by the Golden Arches as it struggles with sluggish growth at home. Citic Limited, Citic Capital Holdings, Carlyle Group and McDonald's will form a company that will act as a franchisee for the chain's business in mainland China and Hon ... read more

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China's Alibaba sues vendors over selling counterfeits
Chinese e-commerce giant Alibaba has filed a lawsuit against two vendors for allegedly selling counterfeit goods, it said, weeks after the US put its main platform on its "notorious markets" blacklist. ... more
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China manufacturing accelerates at fastest for 4 years: survey
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Toshiba shares fall 20% after it flags one-off loss
Toshiba shares dived more than 20 percent Wednesday in their second straight double-digit plunge, as the company said it may book a one-time loss of several billion dollars over its US nuclear business. ... more
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China has 'real cause for concern' over Navarro: media
China had "real cause for concern" after US President-elect Donald Trump chose outspoken China critic Peter Navarro for a top trade position, Chinese media reports said Friday, as they warned of a potential trade war. ... more
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US returns Alibaba website to counterfeits blacklist
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China tycoon moves jobs to US, citing high taxes at home
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Trump names critics of China, regulation for economic posts
President-elect Donald Trump on Wednesday named billionaire Carl Icahn, a vocal critic of what he calls government overregulation, to serve as a special advisor to overhaul "strangling regulations." ... more
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US antitrust regulators clear China-owned AMC to buy Carmike
The China-owned AMC Entertainment theater chain won US regulatory approval Tuesday for its $1.2 billion takeover of rival Carmike after agreeing to divest movie theaters in 15 US markets. ... more
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Philippines taps China-backed AIIB to fix infrastructure
Philippine President Rodrigo Duterte has tapped a China-backed multilateral lender to help fund his government's "unprecedented infrastructure buildup", the finance minister said Monday, as he seeks closer relations with Beijing. ... more
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China's 2017 economic growth to slow to 6.5 pct: study
China's economic growth will slow to 6.5 percent next year and the yuan will continue falling against the dollar, a top Chinese think-tank said Monday. ... more
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China vows more 'flexible' yuan, less property speculation
China ended a major annual economic meeting Friday with promises to liberalise investment in state-owned sectors, control real estate speculation and improve the "flexibility" of the yuan's exchange rate, as the country's economy shows signs of stabilisation. ... more
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China new bank loans grow modestly in November
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China says output, retail sales accelerate in November
China's industrial output and retail sales growth both accelerated in November, government data showed Tuesday, in a sign of stabilisation for the world's second-largest economy. ... more
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EU agrees tougher trade rules amid China row
EU member states agreed to beef up trade rules against cheap imports Tuesday as they wage an ongoing battle over China's stronger trade status at the Word Trade Organization. ... more
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US hits cheap China washing machines with punitive duties
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Trump tough talk on China worries US exporters
President-elect Donald Trump's threat to slap punitive tariffs on Chinese goods is a worry for firms that trade with the country in the US Midwest, a decisive region in the Republican's election triumph. ... more
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China faces battle over market economy status
China's battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing's deal to join the WTO expires Sunday. ... more
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China brings WTO dispute resolution case against US, EU
China filed a dispute resolution case with the World Trade Organisation Monday over the so-called "surrogate country" approach used by the United States and the European Union to calculate anti-dumping measures applied to Chinese exports. ... more
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China factory-gate inflation hits 5-year high
Chinese producer prices rose at their fastest pace for five years in November, Beijing said Friday, fuelling hopes that the world's factory can export inflation into a lacklustre global economy. ... more
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Starbucks to add 12,000 cafes globally
US coffee giant Starbucks outlined plans Wednesday to add 12,000 cafes globally by 2021, including a group of new premium stores that will showcase rare coffees and gourmet food. ... more
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China imports rise 6.7% on-year in November: govt
China imports rose a forecast-beating 6.7 percent year-on-year to $152.2 billion in November, government data showed Thursday, in a positive sign for the world's second-largest economy. ... more
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China warns against 'irrational' overseas acquisitions
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