The Comac C919 is not very different from what Airbus and Boeing already have in the market, and that it was “not going to rock the boat in particular,” Christian Scherer, chief executive officer of Airbus’s aircraft commercial business said. “It looks a bit like an Airbus narrow body,” Scherer said, tongue in cheek, noting … Read more
A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021. PUNIT PARANJPE | AFP via Getty Images In a report released Monday, the finance ministry said the … Read more
Updated Jan. 16, 2024 12:39 pm ET Chinese Premier Li Qiang gave global business elites a big hint on highly anticipated growth figures, as he sought to reassure them that investing in China is an opportunity—not a risk. Li delivered the message in an address at the World Economic Forum in Davos, Switzerland, as Chinese … Read more
Updated Jan. 8, 2024 1:17 pm ET SINGAPORE—China has taken into custody an alleged British spy, the country’s national security agency said Monday, as Beijing steps up warnings over national security and the infiltration of foreign spies in the country. In a social-media post, China’s Ministry of State Security alleged that MI6, the U.K. foreign-intelligence … Read more
Updated Jan. 6, 2024 12:14 am ET Listen to article (2 minutes) Tibet is no longer “Tibet,” not in China anyway. Chinese officials are increasingly using the term “Xizang,” the official English spelling of the name that China’s ethnic Han majority applies to the Tibetan homeland on the country’s far western frontier. Copyright ©2024 Dow … Read more
Updated Jan. 4, 2024 2:13 pm ET In its certification, Airbus was required to prove that its A350 aircraft can be evacuated in less than 90 seconds. In Tuesday’s collision in Japan, the last crew member escaped the aircraft after 18 minutes—but there were still no casualties. The sizable discrepancy, for the moment, represents a … Read more
Updated Jan. 4, 2024 1:26 pm ET WASHINGTON—China and Saudi Arabia topped a list of 20 countries whose governments or state-linked entities pumped millions of dollars into Donald Trump’s properties while he was president, according to a new report and previously undisclosed records that shed light on Trump’s potential business conflicts as he seeks a … Read more
Updated Jan. 3, 2024 6:23 am ET A dearth of initial public offerings in Hong Kong is causing companies to suffer cash crunches and put off expansion plans, showing how the steep market downturn is taking a toll on businesses that need to raise money. The Asian financial hub was for years the top international … Read more
TAIPEI—A Chinese investigation into purported lip syncing by a rock band from Taiwan is aimed at pressuring the band into supporting Beijing’s stance on the island and is part of a broad effort to interfere in its politics, Taiwanese officials said. Mayday, one of Taiwan’s most commercially successful rock bands, is under scrutiny from authorities … Read more
Updated Dec. 28, 2023 12:00 am ET Listen to article (1 minute) A song called “Tomorrow Will Be Better” became a sensation in mainland China in the 1980s, when the nation was emerging from the poverty and turmoil of Mao Zedong’s rule. Its inspirational lyrics, which exhorted listeners to “look upward for the wings in … Read more