Alibaba Group Holding Ltd. founder Jack Ma on Monday sought to allay concerns about the company’s structure and expansion strategy amid a push to convince investors to buy shares in its potentially $24 billion initial public offering. At the Waldorf Astoria hotel in New York, where Alibaba began meetings with investors ahead of its initial [...]
Beijing needs to speed up economic reform and curb the dominance of state companies or risk an economic slowdown and a possible crisis, the biggest European business group in China said Tuesday. The report by the European Chamber of Commerce in China adds to warnings that Beijing needs to open the state-dominated economy and not [...]
China is not seeking to contain India by military or other means, a senior diplomat said on Tuesday, ahead of a visit by Chinese President Xi Jinping next week to a country with which Beijing has a history of uneasy ties and mutual suspicion. From economic parity in 1980, China’s growth has outstripped India’s fourfold [...]
The U.S. has asked China to support President Barack Obama’s efforts to form a coalition of countries combating extremist group Islamic State, a senior U.S. administration official said Tuesday after a visit to Beijing by national security adviser Susan Rice. Chinese officials expressed an interest in the U.S. proposal during Ms. Rice’s three-day visit, and [...]
The White House’s top national security adviser began talks in Beijing on Monday with top Chinese military and diplomatic officials on bilateral challenges such as a recent close-encounter between their air force planes over the South China Sea. Susan Rice met with China’s top diplomat, State Councilor Yang Jiechi, on a trip to pave the [...]
A United States business group said on Monday that China’s recent aggressive enforcement of its antimonopoly law could be a violation of its trade agreements, a claim that potentially raises the stakes in a recent pushback among foreign companies that say they are being discriminated against in China. Although foreign companies including Microsoft, Qualcomm and [...]
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