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Top 10 Daily Business China News Alerts 04/24/2015
by Tom McGregor    Thu, Apr 23, 2015, 08:28 PM

Stay Updated on Real China Business News at Real Time 

1.        China, Russia Team Up On $200 Million Robotics Deal 


In a big move for Sino-Russian economic relations, the Skolkovo Foundation outside Moscow and China’s Cybernaut Investment Group have signed a $200 million agreement to create a joint Russian-Chinese business incubator, robotics center and venture fund. The 1,500-square-meter R&D center will be at the Skolkovo Center and will house at least 15 Skolkovo resident companies that are conducting research into IT and robotics, space, energy-efficiency technologies and new materials. 



2.       China names 100 fugitives suspected of corruption


BEIJING: China has issued a list of its top 100 officials and others wanted on suspicion of corruption who are believed to have fled abroad, the latest step in President Xi Jinping’s aggressive campaign to rein in graft. Photos of the suspects were splashed across two pages of the official China Daily newspaper on Thursday, along with their suspected crimes and personal information such as ages, hometowns and languages they speak. 

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Carnegie Peace Group Tells India to Wage War on China
by Tom McGregor    Thu, Apr 23, 2015, 01:03 AM

$ 1AAabbbcccarnegiechina.jpgBEIJING:  The Carnegie Endowment for International Peace is encouraging the New Delhi government to wage war on Beijing. The so-called peace think tank believes that U.S.-based defense manufacturers can reap major profits from such bloodshed.

The Diplomat reports that, "A new paper by the Carnegie Endowment for International Peace argues that India and the United States should collaborate on building New Delhi’s next Vikrant-class aircraft carrier, the 65,000 tons nuclear-powered INS Vishal, expected to enter service in the 2020s."

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Clinton Foundation Reset to Boost Russia Uranium Deals
by Tom McGregor    Wed, Apr 22, 2015, 10:52 PM

$ 1AAabbbccbatsyrussia.jpgFormer Secretary of State Hillary Clinton authorized the U.S. State Department to sell the nation's largest uranium mine to the Russian nuclear armament department, because those involved in the deal were major donors to the Clinton Foundation.

Breitbart News reports that, "Hillary Clinton’s State Department was part of a panel that approved the sale of one of America’s largest uranium mines at the same time a foundation controlled by the seller’s chairman was making donations to a Clinton family charity, records reviewed by The Wall Street Journal show."

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Top 10 Daily Business China News Alerts 04/23/1975
by Tom McGregor    Wed, Apr 22, 2015, 09:28 PM

Stay Updated on Real China Business News at Real Time 


1.       Volvo Localizes Balancer Shaft Supply in China with Jebsen Automotive Technik


DALIAN, China, April 23, 2015 /PRNewswire/ -- Swedish carmaker Volvo Car Corporation and Mitec-Jebsen Automotive Systems (Dalian) have entered into a partnership to support the manufacture of the balance shaft for Volvo's new GEA3 engine and the production will be started in 2016.  Mitec-Jebsen, a joint venture of Jebsen Automotive Technik (JAT) and MITEC Automotive AG, will supply 220,000 balancer systems for the GEA3 every year from 2016 to 2022, manufacturing and integrating balancer shafts, oil pump steel gears and crankshaft gears.  



2.       Diablo III(R): Reaper of Souls(TM)? China Open Beta Now Live 


SHANGHAI, April 22, 2015 /PRNewswire/ -- Blizzard Entertainment, Inc. and NetEase, Inc. (NASDAQ: NTES) today announced that Sanctuary's gates have been thrown open to all Chinese heroes, as open beta testing for Blizzard Entertainment's award-winning action role-playing game Diablo III®: Reaper of Souls is now live in China. Players throughout China are now able to join the army of nephalem and embark on a challenging journey to save Sanctuary from the demonic forces of the Burning Hells! 

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'Armenian Massacre NOT Genocide,' Says Obama
by Tom McGregor    Wed, Apr 22, 2015, 04:28 AM

$ 1AAabbbccbamagenocide.jpgPresident Barack Obama is refusing to say that the incident when Ottomon Turks slaughtered over 1 million Armenian Christians over 100 years ago, should not be deemed a 'genocide.' The Armenian Massacre counts as a non-event for Obama.

According to NewsMax, "President Barack Obama is chickening out of a long-ago pledge to call the killings of more than 1 million Armenians by Ottoman Turks a "genocide" when he commemorates the 100th anniversary of the deaths Friday.  The Los Angeles Times, citing an unnamed senior administration official, reports the White House expects Obama will mark "the historical significance" of the "Meds Yeghern," as the massacres are known in Armenian, in his annual statement at the commemoration from the U.S."

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Maine Governor Takes Heroic Stand for Welfare Reform
by Tom McGregor    Wed, Apr 22, 2015, 03:57 AM

$ 1AAabbbccbagestamp.jpgDemocrats in the Maine state legislature are fighting tooth and nail against Governor Paul LePage's proposal to forbid welfare recipients from purchasing tattoos with food stamps.

Fox News reports that, "Maine Gov. Paul LePage's tough proposals, unveiled earlier this month, would prohibit using welfare benefits to buy alcohol, tobacco, lottery tickets and tattoos. LePage also wants to require applicants to apply for three jobs before being eligible, and ban the use of EBT (electronic benefit transfer) cards to withdraw cash outside of Maine."

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KABOOM: Tesco Endures Losses $8.5bn Last Year
by Tom McGregor    Wed, Apr 22, 2015, 03:34 AM

$ 1AAabbbccbascodroid.jpgTesco, a British supermarket chain, scored major losses in revenues for the 2014/15 fiscal year.

According to the Houston Chronicle, "Tesco, one of the world's largest retailers, posted a full-year net loss of 5.7 billion pounds ($8.5 billion) as it wrote down the value of properties to reflect deteriorating market conditions."

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BMW Goes Big-Time at Port of Galveston
by Tom McGregor    Wed, Apr 22, 2015, 01:53 AM

$ 1AAabbbccbmwgal.jpgBMW Group plans to build a massive distribution center at the Port of Galveston to import its vehicles into the USA. 

The Houston Chronicle reports that, "The BMW Group is building a vehicle distribution center at the Port of Galveston to serve 45 dealerships in Texas, Oklahoma, Louisiana and Arkansas, the company announced Tuesday.  A news release said the facility, owned and operated by WWL Vehicle Services Americas under BMW Group on-site management, will receive its first shipment of cars early next year:"

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