China’s Dalian Wanda to buy AMC Entertainment for $2.6 billion
China’s Dalian Wanda Group agreed to acquire AMC Entertainment for $2.6 billion, becoming the biggest theatre operator in the U.S. by revenue. Ties between the U.S. and Chinese movie industries have warmed after China agreed in February to open its market to more American films, with DreamWorks Animation announcing a landmark deal in the same … Continue reading »
One China two areas, says Ma in inaugural speech
According to Hong Kong media, Taiwan’s president reiterated his policy of “one China, two areas” in his inaugural speech. Taiwan President Ma Ying-jeou was inaugurated for his second term on May 20. According to SCMP, Ma “struck a cautious note yesterday in delivering his cross-strait policy that promises little change” in response to Beijing’s hope … Continue reading »
Chen Guangcheng will go back to China
Commercial Radio Hong Kong says, according to Prof Jerome Cohen, Chen will finally return to China while SCMP reports that Chen “says he hopes to return to China after studying law and taking time to recover from years-long detention ordeal”. In Commercial Radio’s story, Chen lives in the dormitory for postgraduates in New York University. … Continue reading »
China’s Wen urges more support for growth
China‘s premier called for additional efforts to support growth on Sunday, signalling Beijing’s willingness to take action after a recent series of economic indicators suggested that the world’s second-biggest economy will slow further in the second quarter. “We should continue to implement a proactive fiscal policy and a prudent monetary policy while giving more priority … Continue reading »
China state-run businesses to invest 350 billion yuan in Chongqing
Thirty of China‘s biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing’s determination to bolster confidence in the city formerly run by ousted leader Bo Xilai. Since the fall of the once high-flying Chinese official, media … Continue reading »
Chen Guangcheng
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