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☆ China renamed its homegrown regional airliner to better sell it abroad. Here's how it compares to its closest rival.
▼ + stars: | 2024-11-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

The C909's closest competitors in size and range are the Brazilian-made Embraer E190-E2 and E195-E2. China's state-owned planemaker, the Commercial Aircraft Corporation of China, better known as Comac, has rebranded its regional aircraft to better compete with Airbus, Boeing, and Embraer. AdvertisementEmbraer's larger planes can carry more peopleComac data shows the C909 seats five abreast and can carry 78 passengers in two classes (or up to 97 in a high-density configuration). The Embraer E190-E2 has a shorter range than its sister jet. For example, Virgin Australia agreed to buy eight E190-E2 aircraft in August.

Persons: Comac, Yin Liqin, it's, Chen Duo, Syme, Pratt, Whitney's, Grinsven, Canada's, Cirium Organizations: Airbus, Boeing, Embraer, Commercial Aircraft Corporation of China, Jets, China News Service, Getty, TransNusa, Getty Images China Southern Airlines, Airlines, Royal Jordanian Airlines, Canada's Porter Airlines, Comac, Reuters, Hainan Airlines, Porter Airlines, Colorful Guizhou Airlines, Virgin Australia Locations: Brazilian, China's, China, Europe, Guangzhou, Indonesian, Manado, Amman, Western Europe, Toronto, Los Angeles, Hainan, Zhuhai

☆ China will restrict exports of some aviation, aerospace equipment to 'safeguard national security'
▼ + stars: | 2024-05-31 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - DECEMBER 09: Captain Zhao Hongbing waves a Chinese national flag after the first C919 large passenger aircraft of China Eastern Airlines landed at Shanghai Hongqiao International Airport on December 9, 2022 in Shanghai, China. (Photo by Yin Liqin/China News Service/VCG via Getty Images)China on Thursday said it will restrict the exports of certain aviation and aerospace components and technologies starting July 1, citing the need to "safeguard national security." The new regulations seek to better protect national security and fulfill international obligations such as non-proliferation, a spokesperson from the Ministry of Commerce said in a statement. The notice was jointly announced with the General Administration of Customs as well as the Equipment Development Department of the Central Military Commission. Exports of items including equipment, software and technologies related to aerospace structural components, engine manufacturing and manufacturing of gas turbines will require export licenses.

Persons: Zhao Hongbing, Yin Liqin Organizations: China Eastern Airlines, Shanghai Hongqiao, China News Service, Getty Images, Ministry of Commerce, Administration of Customs, Equipment Development Department of, Central Military Commission Locations: SHANGHAI, CHINA, Shanghai, China

☆ Founder of discount e-shopping firm PDD races up China's rich list
▼ + stars: | 2023-10-24 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +3 min

Colin Huang, who founded PDD in 2015 and stepped down as CEO in 2020, was the fastest riser in this year's Hurun Rich List, leaping seven places to be ranked China's third richest man with a $37.2 billion fortune. Richard Liu, who founded e-commerce giant JD.com, also saw his wealth, and that of his wife Zhang Zetian, fall by $6.2 billion since last year to $8.26 billion, according to Hurun's list. JD.com's shares fell to a record low earlier this month after banks cut its price targets citing a weaker-than-expected recovery in consumer spending. Hui Ka Yan is currently being investigated over suspected "illegal crimes", Evergrande said last month. Reporting by Casey Hall; editing by Brenda Goh and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Colin Huang, Yin Liqin, Rich, Jack Ma, Alibaba, Richard Liu, Zhang Zetian, Rupert Hoogewerf, PDD's Temu, Zhong Shanshan, Pony Ma, Hurun, Wang Jianlin, Hui Ka Yan, Evergrande, Casey Hall, Brenda Goh Organizations: Nasdaq, REUTERS, Rights, PDD Holdings, PDD, HK, Hurun, Dalian Wanda Group, China Evergrande, Thomson Locations: New York, Shanghai, China

☆ China's tech crackdown cost over $1 trillion. But the economy is in such deep trouble that the country's cozying up to its tech firms again.
▼ + stars: | 2023-07-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China's tech crackdown wiped $1.1 trillion off the valuation of its Big Tech firms. China's economy is struggling to recover after three years of on-off COVID-19 lockdowns. China cracked down on the country's tech sector in 2020, taking down its Big Tech, whose market value has been wiped by $1.1 trillion. But now, authorities are laying out the red carpet for the same firms because the economy is in deep trouble. Local governments in China are wooing tech giants with at least five recent deals to build on the so-called "platform economy," the South China Morning Post reported on Sunday.

Persons: NetEase, Yin Li, Kuaishou, Yin Yong, Daniel Zhang, Lei Jun, Alibaba, Jack Ma Organizations: Big Tech, Morning, China Morning Post, Sunday, Communist Party Locations: China, Beijing, Hangzhou, Tianjin, Shenzhen

☆ China's tech sector may see fewer regulatory surprises — not zero, says S&P Global Ratings
▼ + stars: | 2023-05-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

SHANGHAI, CHINA - MAY 10: A visitor takes photos of Ehang 216 electrical vertical take-off and landing (VTOL) autonomous aerial vehicle (AAV) during the Exposition on China Brand 2023 at the Shanghai World Expo Exhibition and Convention Center on May 10, 2023 in Shanghai, China. But the scope for surprises should be significantly diminished and they shouldn't result in significant operational challenges, as occurred in 2021," said S&P Global Ratings, in a report. "China's internet sector has emerged from its regulatory shakeup. Policymakers are signaling support and seem done with big legal changes or sweeping actions," said the report entitled "China's internet regulations: Fewer surprises, not zero surprises." China's crackdown on its large tech companies started in 2020, which saw the government imposing new regulations on tech.

☆ A real estate investor who bought his first property at age 24 and now owns 11 rental units shares his top advice for new investors, including how to negotiate and where to buy: 'Look at the Sun Belt'
▼ + stars: | 2022-10-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

"Some of the greatest investors have focused on real estate, such as Sam Zell," he added, referring to the billionaire who has been called the "forefather of modern real estate investment trusts." It was a single-family home in Birmingham, Alabama that he purchased with a friend for $40,000. Focus on the Sun BeltChances are, you've heard the saying "location, location, location" from a real estate agent or investor. Interview multiple lendersUnless you're buying real estate with cash, you'll need to work with a mortgage lender. He took them to lunch and asked questions about how comfortable they are doing residential real estate and what markets they do most of their deals in.

☆ Starbucks is opening an upmarket 3-floor store in the Empire State Building selling cocktails and offering coffee-making workshops
▼ + stars: | 2022-10-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The Starbucks Reserve store will sell hot drinks, cocktails, and food — some of which will be exclusive to the store. The store, set to open on November 16, will be in the Starbucks Reserve format. A Starbucks Reserve store in Shenzhen, China. A barista makes coffee at a Starbucks Reserve coffee store in Shanghai, China. The nearby New York Reserve Roastery, just a five-minute walk away, has a similar menu but at higher prices.

☆ Factbox: China's new elite Communist Party leadership
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 23 (Reuters) - China's Xi Jinping on Sunday secured a third term as leader of the Communist Party and unveiled a new seven-member Politburo Standing Committee, which he heads, that will determine the path of the country's development in the next five years. Below are the personnel elected on Sunday by the Central Committee, the biggest of the party's top decision-making bodies, to the pinnacle of China's political power. General Secretary of the Central Committee:Register now for FREE unlimited access to Reuters.com RegisterXi JinpingStanding Committee of the Political Bureau, or Politburo, of the Central Committee (seven members):Xi Jinping, 69; Li Qiang, 63; Zhao Leji, 65; Wang Huning, 67; Cai Qi, 66; Ding Xuexiang, 60; Li Xi, 66Politburo of the Central Committee (24 members):Ding Xuexiang, Xi Jinping, Ma Xingrui, Wang Yi, Wang Huning, Yin Li, Shi Taifeng, Liu Guozhong, Li Xi, Li Qiang, Li Ganjie, Li Shulei, Li Hongzhong, He Weidong, He Lifeng, Zhang Youxia, Zhang Guoqing, Chen Wenqing, Chen Jining, Chen Miner, Zhao Leji, Yuan Jiajun, Huang Kunming, Cai QiCentral Military Commission Chairman:Xi JinpingCentral Commission for Discipline Inspection Secretary:Li XiRegister now for FREE unlimited access to Reuters.com RegisterReporting by Albee Zhang and Ryan Woo; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Limestone is used in everything from cement and tiles to paper- and plastic-making. The Egyptians that mine the haunting white mountains risk their lives and limbs to get it.

It takes about 20 aloe leaves to make just one gallon of aloe vera juice. But some aloe products have been found to contain no aloe at all. Narrator: So how are real aloe vera products made? Narrator: A 2016 Bloomberg investigation found that Walmart, CVS, and Target's aloe products contain no evidence of aloe at all. When they "aloe gel," is it a gel that's made from blending up the whole leaf, or is it truly just pure aloe gel?

Persons: Rudy Colón, Ruben Martinez, Aloe barbadensis Miller, They're, Rudy, Mesa, Leonel, what's, Ruben, Jesus Santiago Jaquez, ConsumerLab.com, they're, there's, There's, It's, Tod, Todd, it's Organizations: Universal, Jason, Bloomberg, Walmart, CVS, FDA Locations: Dominican Republic, Rotterdam, Netherlands

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