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Property mogul Wang Jianlin’s Wanda Group to invest US$11.7b in world-class tourism project in rust-belt city of Shenyang

Wanda Group, the profligate Chinese conglomerate that is halfway through a massive debt-shedding exercise, has unveiled one of the largest ever investments in the northeastern Chinese city of Shenyang totalling 80 billion yuan (US$11.7 billion).The property-to-entertainment conglomerate controlled by tycoon Wang Jianlin said on Wednesday that the new investment will go towards building a “world-class” cultural tourism project, an international hospital, an international school and five Wanda… Source link

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China 

Wang Shouwen, China’s former ‘foot solider’ now promoted to ‘general’ in US-China trade talks

Wang Shouwen, the top deputy in China’s trade negotiation team, remained silent over the specifics of the ongoing US-China trade talks earlier this month, instead choosing to reveal details of the lunch menu Vice-Premier Liu He shared with his US counterpart.Liu opted for the traditional American staple, the hamburger, while US trade representative Robert Lighthizer chose Asian-style stir-fried chicken with eggplant. The two skipped tea or coffee and drank boiled water, a Chinese custom.This… Source link

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China 

China bulls echo Wang Qishan’s view from Davos: China’s economy is fine

China has just reported its slowest growth in nearly three decades, but some analysts are still confident that the economy is not close to tanking. China bulls are not as common as they used to be, but those that remain echo the views of Vice-President Wang Qishan, who told the World Economic Forum on Wednesday that “growth will continue and be sustainable”. “We believe that we haven’t reached the end, we are actually pursuing more sustainable growth,” Wang told the annual gathering of elites in Davos. China’s 2018 growth weakened…

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China 

Chinese Vice-President Wang Qishan to lead Davos delegation

China’s Vice-President Wang Qishan will lead the Chinese delegation at the World Economic Forum’s annual meeting from January 22-25 in Davos, Switzerland, according to two separate sources familiar with the arrangements. It is not known if Wang will have an official meeting with US President Donald Trump, who will be making his second appearance at the annual gathering of global elites. Wang, who has a reputation as China’s “firefighter” for his track record of handling Beijing’s most difficult tasks, has been cautiously stepping up on the diplomatic front. He attended…

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Tencent’s ID check for games catches out TFBoys star Roy Wang Yuan before his 18th birthday

Tencent Holdings’ ID check for gamers has been so effective that earlier this week Roy Wang Yuan, a member of China’s most popular boy band TFBoys, said in a variety show that he was knocked off from the game after playing for two hours on the day before his 18th birthday. Tencent, China’s biggest game publisher, said its mandatory identity check for gamers has led to a “noticeable reduction” in play time among minors, amid Beijing’s recent drive to crack down on excessive gaming to protect the well-being of the…

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China 

China to send Wang Qishan to forum for business elites in Singapore

Beijing will send Vice-President Wang Qishan to a new economic forum organised by American tycoon Michael Bloomberg, where he is expected to offer assurances that China will continue to open its economy amid an escalating trade war with the US. It will be Wang’s third overseas trip since he was appointed vice-president in March. Wang, who is known as a “firefighter” and President Xi Jinping’s right-hand man, has made more regular international appearances since September last year. Chinese Vice-President Wang Qishan meets Israeli and Palestinian officials on Mideast tour They…

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Ecommerce 

Wang Xing: the graduate school dropout behind China’s Meituan Dianping meal-delivery empire

Wang Xing, the co-founder of Meituan Dianping, credits the success of Facebook in the US more than a decade ago for inspiring him to drop out of graduate school and become an entrepreneur, which put him on a winding path to create China’s leading e-commerce platform for services. Meituan, which raised US$4.2 billion in Hong Kong’s second-biggest tech-related initial public offering this year, has lifted Wang’s net worth to US$5.3 billion as of Thursday based on his 11 per cent stake in the company, some 14 years after abandoning his…

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