SHANGHAI – Game industry revenue in China surged more than 20% to almost RMB100 billion (USS14.5 billion) for the first time between January and June, amid a booming mobile Internet development and cross-industry integration, industry officials told a Chinajoy forum.
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HANGZHOU - The Central Chinese Government approved the establishment of the first cyberspace court in China. The Cyberspace Court has been established in Hangzhou, capital of China's Zhejiang province and home to many technology companies, to cater to an increasing number of internet-related disputes.
SYDNEY – Negotiations between Hong Kong and Australia for a formal Free Trade Agreement are under way, the Director of Hong Kong’s Economic and Trade Office, Arthur Au, told guests at a dinner celebrating Hong Kong’s 20th anniversary of 1997, when British rule ended.
SEOUL - The narrative on growth in South Korea changed in Q2 2017. The most important change was that exports declined 0.1% y/y (-3.0% q/q sa) – this marked the first contraction in eight quarters, says ANZ Bank.
SINGAPORE - The credit quality of Indian companies is stabilising and is likely to improve over the next two years. Sectoral differences continue to be significant, but the broad trend is toward a recovery, says global ratings agency Standard & Poor’s. Its analysis considers the top 100 Indian companies based on market capitalisation.
MUMBAI - NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within Japan’s NTT Group, is to launch international data network services in India through its affiliate, NTT Communications India Network Services (NTTCINS). NTT pla o invest more tha n US$160 million into the Indian market.
BEIJING - China has launched a crackdown on websites, online stores, mobile applications and social media that distribute pirated or illegal publications. The State newsagency Xinhua says the nationwide campaign aims to protect the intellectual property rights of publications of the press, publication and media industry, and of e-commerce platforms and mobile applications.
BEIJING - India is likely to launch an anti-dumping investigation against Chinese solar panels soon, potentially adding to similar sanctions from the U.S. and Europe. “I’m expecting that, in the next few days, India will officially issue a statement triggering the probe,” said Zhang Sen, general secretary of the solar division of the China Chamber of Commerce for Import & Export of Machinery & Electronic Products.
BEIJING - The International Monetary Fund has revised upwards its China growth forecasts for 2017 and 2018 to 6.7% and 6.4% respectively, with the better China prospects expected to drive global expansion.
HONG KONG - China’s outbound mergers and acquisitions rebounded in the second quarter of 2017 with deal value surging 148% quarter on quarter. Chinese investors returned to the deal table in the April-June period after a lukewarm first quarter and were the second most acquisitive cross-border nation by value with 94 deals totalling US$ 35.9 billion, according to international law firm Baker McKenzie’s Cross-Border M&A Index.
ADELAIDE – A food industry collaboration MoU between Singapore and South Australia has been signed to improve access to clean, green produce from Australia and to boost food innovation technologies in both countries.
BEIJING - China’s installed solar power capacity surged over the first six months of this year because of shrinking costs and Government policies, with 23.6 gigawatts of solar power installed, 34.2% higher from a year ago, according to Alex Liu, a UBS analyst.
BEIJING - China will establish national-level demonstration areas for its “Made in China 2025” plan, a blueprint to upgrade the country’s manufacturing sector. The national demonstration areas will be established in cities and city clusters in the eastern, central and western regions, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang.
WASHINGTON – China’s Vice Premier, Wang Yang, has called on the United States to relax export barriers against China and allow the two sides to tap the huge market potential in bilateral trade, the State newsagency, Xinhua, reports.
SINGAPORE - S&P Global Ratings has assigned its 'AAA/A-1+' long- and short-term issuer credit ratings to Asian Infrastructure Investment Bank (AIIB), and says the outlook is stable.
GUJARAT – Australia’s Woolmark Company has announced the second phase of its successful "Grown In Australia, Made In India" initiative. The key campaign will continue to highlight the farm-to-fashion journey of Merino wool grown in Australia before being transformed into fashion pieces in India, championing both the woolgrowers of Australia and the handloom sector of India.