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Chinese replace Russians as top property buyers in New York

NEW YORK/SYDNEY: For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians, whose activity has dropped off since the unrest in Ukraine.

Punched in the face: Plunge in Chinese tourists rattles Thailand

BANGKOK: Chinese tourist arrivals in Thailand are tumbling, dragging down overall visitor growth in the South-East Asian nation and dimming the outlook for an economy that relies on spending by holidaymakers.

US takes steps to keep Chinese away from Westinghouse

WASHINGTON: The Trump administration is so alarmed that Chinese investors may try to purchase Westinghouse Electric Co’s nuclear business that US officials are trying to find an American or allied buyer for the company instead, two people familiar with the matter said.

LG, Samsung Display feel heat from little-known Chinese LCD makers

SEOUL: Chinese flat screen makers, once dismissed as second-class players in the global LCD market, are drawing envious looks from big names such as LG Display Co Ltd and Samsung.

Chinese investors eye US commercial property

Chinese investors, the second-biggest overseas buyers of US residential real estate, are building up portfolios of US commercial property as they look for new avenues of diversification.

For Chinese opera troupes, the show must go on

There are three criteria for making it big in Chinese opera, according to Yong Poo Hiong, treasurer of the Yuet Wan Cantonese Opera Association.

Shares in Chinese tech firms tumble, Lenovo plunges over 20%

HONG KONG: Shares of Chinese hardware companies fell sharply on Friday, led by computer maker Lenovo Group Ltd which lost more than a fifth of its value. It was not immediately clear what was the cause, but the declines follow a Bloomberg Businessweek report that U.S. tech companies' systems had been infiltrated by malicious chips inserted by Chinese intelligence agents.

New Chinese owners of Italy's AC Milan football club to invest in stadium

MILAN: The new Chinese owners of Italian football club AC Milan plan to invest in a stadium and could eventually list the team on a stock market to help revive its fortunes, AC Milan's chief executive-designate said on Friday.

Seek investment from overseas Chinese, M’sia urged

KUALA LUMPUR: Malaysia should tap the investment capabilities of the global Chinese diaspora community that is found in 90 countries worldwide as a new source of foreign direct investments (FDIs), says Tan Sri Michael Yeoh, the chairman of the World Chinese Economic Summit as well as chief executive officer of the Asian Strategy & Leadership Institute.

EU cites Chinese telecoms Huawei and ZTE for trade violations

NEW YORK: Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.