China consumer price index (CPI) increased 1.4% year-on-year in November, a five-year low and down by 0.2 percentage points from the previous month, according to data released by China's National Bureau of Statistics. Producer price index (PPI) declined 2.7% year-on-year in October, compared with October's 2.2% drop. The gauge has remained in negative territories for […]

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Mark Zuckerberg’s ‘How to do business in China’ | China Daily Show bit.ly/1ul2Igb © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

The Minuscule Cost of Equipping a Chinese Soldier | WSJ on.wsj.com/1wbG8Ln — nice illustration of a significant gap © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

Telegraph: Chinese general gives out Mercedes filled with gold bit.ly/1sbpnjQ — huge style points for this guy © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

Mandarin Capital Partners, a private equity firm focused on China-Europe cross-border deals, has sold its 40% stake in Dagong Europe Credit Rating srl back to its parent company, Beijing-based Dagong Global Credit Ratings Co., Ltd., according to a company announcement. Deal terms were not disclosed. After the sale, Dagong Global will own 100% of Dagong […]

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Beyond Brics: what if conventional wisdom on China is wrong? on.ft.com/164SriQ — if many folks disagree, there is no convent’l wisdom © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

Shenzhen-listed television and film production firm Beijing Enlight Media Co., Ltd. plans to establish a venture investment fund with a target of RMB1 billion (US$160 million), to invest in the Internet, media and entertainment, e-commerce and healthcare sectors in China, according to a regulatory filing. Enlight Media will commit RMB200 million to the fund as […]

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Customs officers seized 104kg of 'ice' worth $42 million at the airport yesterday.

The drugs were found in five transit express cargo consignments declared to contain water filters sent from the Mainland bound for Malaysia.

Customs officers became suspicious after studying X-ray images of the cargo and discovered the drugs hidden inside the filters' metal cylinders.

Drug trafficking carries a fine of $5 million and life imprisonment.

Police have urged protesters to remove obstacles and personal belongings in protest areas and leave in a peaceful and orderly manner immediately, as they will clear the roads and pavements in Admiralty tomorrow.

Police will support bailiffs to execute injunction orders and will then re-open nearby roads.

People should avoid going to protest areas, Police said, urging people, particularly students, to stay away from radical demonstrators and not be used or incited by them.

Police said resolute action will be taken against anyone who obstructs or violently charges the bailiffs or Police.

Secretary for Security TK Lai says Police are ready to reopen roads and restore public order.

Speaking to reporters today, Mr Lai said Police will help bailiffs enforce court injunctions tomorrow and reopen blocked roads in Admiralty.

He urged protesters to leave the occupied areas peacefully by tomorrow morning, and not to block roads, obstruct Police or resort to violence.

Mr Lai also reminded students to leave as soon as possible and to stay away from troublemakers to avoid getting hurt during the Police clearance.

He reiterated that officers will take resolute action against anyone who obstructs enforcement of the injunctions, blocks roads, charges at Police or disturbs public order.

On whether Admiralty MTR station will be closed tomorrow, Mr Lai said it depends on the situation. He appealed to protesters to co-operate with Police, as any special arrangements will cause inconvenience to the huge number of commuters that use the station.

Guangzhou Etrans Transportation Information Co., Ltd., backed by Sequoia Capital, is to be acquired by Shenzhen-listd Jiangsu Xinning Modern Logistics Co., Ltd., affording Sequoia a profitable exit via a trade sale, according to a regulatory filing. Xinning Modern Logistics is to issue new shares for the 100% acquisition of the Guangzhou-based GPS mapping firm Etrans […]

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Beijing-based P2P (peer to peer) private vehicle rental platform BaoJia has completed US$30 million series A financing led by Ping An Insurance Company of China, Ltd. and Qiming Venture Partners, according to Chinese media reports. Existing investor Chinese Craigslist-like platform 58.com Inc. also participated. Founded in March 2014, BaoJia received US$5 million angel investment in […]

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With the latest weak November inflation data out, it becomes clearer that China has entered into a rapid dis-inflation process, and the government is more likely to cut banks' reserve requirement ratio (RRR) in order to stabilize the economy, says a research report by The Australia and New Zealand Banking Group Limited (ANZ). China's consumer […]

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On Saturday I posted links to position papers by both China and the US on China's South China Sea claims. Here's an analysis of the dueling papers.

Beijing-based taxi-hailing mobile app maker Didi Dache has completed US$700 million series D financing led by Temasek Holdings, DST Global and existing investor Tencent Holdings Limited, according to Chinese media reports. The massive financing round was reported earlier this year without specifying the investors. Launched in September 2012, Didi Dache received US$3 million series A […]

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Chinese smartphone maker Xiaomi Inc., backed by investors including Temasek Holdings and Qiming Venture Partners, has launched its own smart air purifier product to meet increasing consumer demand as the country's pollution problems persist, says Xiaomi's founder Lei Jun in his Weibo account. Consumers can now make reservations to purchase the new product, which can […]

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