China

Huawei banned from Australia 5G

Insights

23-Aug-18 After a national-security review of potential risks posed by allowing Chinese telecom giant Huawei to provide equipment for the country’s 5G network, Australia has decided to close the door to the company. [image: AFP]

WeChat Pay welcomed in Russia as China tourist spending stays high

Insights

17-Aug-18 Chinese tourists can now use WeChat Pay to make purchases in Russia, the 17th country to accept transactions made via the popular payment app. In time, that payment option will be available for local consumers as well. [image: Freer / Shutterstock.com]

Singapore-Sichuan hi-tech innovation park taking shape

Insights

17-Aug-18 A major hi-tech business park in Chengdu, China, jointly developed by Singapore, is set to welcome its first batch of SMEs by early 2019. 34 ICT and life science companies have acquired for regional headquarters and R&D facilities. [image: Sino-Singapore (Chengdu) Innovation Park Development Company]

Toyota to increase production capacity in China by 20%

Insights

17-Aug-18 Toyota will build additional capacity at its plant in Guangzhou, China, by 24 percent or 120,000 vehicles a year, in addition to increasing production in Tianjin by the same volume. The additional capacity is partly for electric vehicles. [image: Reuters / Aly Song]

Geely beats Nissan, Honda and Toyota in China

Insights

16-Aug-18 Geely Automobiles has surpassed its top three Japanese rivals to become the third-largest carmaker in China, following a 54% jump in net income for the six months through Jun-18, helped by models that appeal to the nation’s young consumers. [image: Andrey Rudakov / Bloomberg]

Huawei banned from Australia 5G

WeChat Pay welcomed in Russia as China tourist spending stays high

Singapore-Sichuan hi-tech innovation park taking shape

Toyota to increase production capacity in China by 20%

Geely beats Nissan, Honda and Toyota in China

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