|Top 10 Daily Business China News Alerts 04/15/2015|
|by Tom McGregor||Tue, Apr 14, 2015, 11:55 PM|
Stay Updated on Real China Business News at Real Time
1. Here are the world's first USB Type-C phones from China
Following the Nokia N1, the new Chromebook and the new MacBook, who knew the world's first USB Type-C smartphones would come from a Chinese company? The brand in question is LeTV, who has today unveiled three new Android 5.0 "Superphones" that feature the reversible socket. The flagship aluminum Le Max (pictured above) is all about the absolute top specs: a 6.33-inch Quad HD display, a Snapdragon 810 chip (2GHz, octa-core, 64-bit), 4GB of LPDDR4 RAM, a whopping 64GB or 128GB of internal storage, a 21-megapixel f/2.0 camera (with Sony's new IMX230 sensor, plus optical stabilization and dual-tone flash) and a bright UltraPixel selfie imager.
BRUSSELS: China’s top diplomat in Brussels warned the European Union on Tuesday not to disregard changes to global trade rules set to favour Beijing and which European companies fear will open the bloc to a flood of cheap Chinese goods. World trading powers including Europe are in a bind over how to interpret a World Trade Organisation protocol that treats China as a more market-based economy from late 2016 — a status that will make it harder for the EU to protect local industry.
1. Apple Pay still struggling to win support in China
Apple Pay is facing an uphill battle trying to grab a spot in the world's largest smartphone market. The company has been trying to reach an agreement with Chinese bank UnionPay, which is the only bank in China that conducts interbank payments, MarketWatch said on Monday. But talks between Apple and UnionPay don't seem to be going too smoothly.
2. Relations between China and South Africa said to be at its best
China-South Africa relations are at their best in history, visiting Chinese Foreign Minister Wang Yi said on Tuesday, after holding talks with his South African counterpart Maite Nkoana-Mashabane. Speaking at a press briefing in Pretoria, Wang said the partnership between China and South Africa has reached a new height with exchange visits by presidents of the two countries in the past two years.
3. F1: Red Bull learned useful lessons in China, says Ricciardo
Daniel Ricciardo says the only positive aspect of his bad start in China was that the necessity to fight through the traffic provided useful pointers on the performance of the RB11 in traffic. Ricciardo dropped as low as 18th on the first lap after the anti-stall kicked in.
4. MIPTV: Star China Takes Korean Format 'Infinite Challenge'
Star China has bought the Korean variety entertainment format Infinite Challenge from Korea's MBC in the latest move by the Shanghai-based company to boost its arsenal of TV formats. Infinite Challenge is a weekly Korean variety program, distributed and syndicated by MBC, described as the first "real variety" show on Korean TV.
5. China accounts for half of Asian hotel development
Approximately half of all new hotel projects currently under construction in the Asia Pacific region are located in China, a new reported has revealed. According to STR Global’s latest Construction Pipeline Report for the region, there are now 1,024 hotels comprising 253,320 rooms being developed in Asia Pacific. And 455 of these hotel projects, with a total of 140,455 rooms, are located in China.
6. China - Malaysia New Ports on the Anvil
Malaysia and China will establish a series of cooperative projects in the future including railway, industrial parks as well as ports as part of the 21st Century Maritime Silk Road (MSR) initiative, reports Bernama. Before the introduction of the MSR, China and ASEAN had been carrying out a series of cooperative projects together, including the twin parks namely Malaysia-China Kuantan Industrial Park and China-Malaysia Qinzhou Industrial Park, Liu Jinsong, Deputy Director-General of the Department of International Economic Affairs of the Ministry of Foreign Affairs, said.
7. China's route to riches
This is the billion dollar question. How did a poor communist country transform itself into having the second most billionaires in the world, after the United States, in just over a generation? Hurun, which tracks the wealthy, says that they have identified 400 billionaires in China, but there are another 800 yet to be profiled.
8. Why China Is Investing In Design
China is a place where many of the world’s most amazing products are manufactured, but seldom designed. Now, the China Academy of Art (CAA), backed by funding from the Chinese government, is making a series of aggressive moves to change that. The university is opening a Bauhaus Institute to educate students on the most influential design movement of the 20th century, as well as an International Design Museum, modeled after Cooper Hewitt and London’s Design Museum.