LeEco breaks ground on 12 billion yuan Deqing car assembly

Cash-starved company says it’s on schedule to produce as many as 400,000 electric vehicles a year by 2018 LeEco, the cash-starved video streaming service and TV maker founded by Jia Yueting, has broken ground on a 12 billion yuan car factory in China, with assurances that it’s on schedule to produce as many as 400,000 electric vehicles a year by 2018. ) county of Zhejiang province, close to the tourist destinations of Moganshan and Hangzhou, will commence construction after more than four months’ of preparation work, said Zhang Hailiang, chief executive of LeSupercar, the LeEco unit that’s producing the vehicles.

Highway and bridge projects could benefit from ABS issues. Photo: Xinhua

Mainland regulators will for the first time let public private partnership projects raise funds through asset-backed securities within just two years, which market players believe can attract more private capital into the government-led infrastructure projects. Private companies now can exit PPP projects as early as two years into their operations, compared with the wait of more than a decade previously.

U.S. charges Chinese citizens with hacking, insider trading

Prosecutors said the men made over $4-million by placing trades in at least five company stocks based on inside information from unnamed law firms, including about deals involving Intel Corp. and Pitney Bowes Inc. Prosecutors said the men made over $4-million by placing trades in at least five company stocks based on inside information from unnamed law firms, including about deals involving Intel Corp. and Pitney Bowes Inc. Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday.

Recombinant type-5 vector-based ebola vaccine safe

For healthy adults from Sierra Leon, the recombinant type-5 vector-based Ebola vaccine is safe and immunogenic, according to a study published online Dec. 21 in The Lancet . Feng-Cai Zhu, from the Jiangsu Provincial Center for Disease Control and Prevention in Nanjing, China, and colleagues recruited healthy HIV-negative adults aged 18 to 50 years, with no history of Ebola virus infection and no previous immunization with other Ebola candidate vaccines.

Disabled volunteers train as online ‘porn raters’

A cyber security group in China has been training disabled people as professional “porn raters” to identify obscene images online, the state broadcaster reports. The Alliance for Internet Security Volunteers based in Hangzhou, Zhejiang province has been building a database of obscene images to develop a programme that automatically blocks pornographic content, the state broadcaster CCTV reported.

110 dogs saved from meat trade land in Canada

An animal protection organization says more than 100 dogs who were destined for a Chinese dog meat festival have landed in Canada to begin new lives. Humane Society International Canada says 110 dogs landed in Toronto on Thursday night after being rescued from an annual dog meat festival in Yulin, China earlier this year.

SK hynix invests W2.2tr in NAND flash memory

SK hynix said Thursday it would invest a total of 2.2 trillion won in its new chip plant in response to the growing demand for NAND flash memory in the global market. The nation’s second-largest chipmaker will make the investment in its chip plant in Chungju, Chungcheong Province from August next year to June 2019.

LeEco plans to target high-value added customers

Chinese internet major LeEco said on Tuesday that its TV business will open content and platform resources to more third-party partners, with an expectation that its revenue from non-hardware will reach over 20 billion yuan in the next three years. LeEco announced the 2017 to 2019 strategy for its large-screen TV business, emphasizing it will continue to target high-value users, stick to its “open eco” concept and use the US market as the base of global operations.

The Chinese are coming

Tech companies in China are coming to Cambridge next month with the aim of working closer with the city’s tech cluster. “The synergy resulting might in some cases change the world and clearly, many areas of activity will move forward faster through a “better together” approach than through needless competition,” says Alan Barrell, a professor in China and veteran Cambridge businessman.

Powerful Quake Hits Off Eastern Indonesia, No Alert For Tsunami

An earthquake measuring 6.6 on the Richter scale jolted Maluku in eastern parts of Indonesia earlier Wednesday, but there were no tsunami alert issued and a report of casualty, China’s Xinhua news agency reported quoting officials. The quake rocked at 0017 GMT with epicenter at 184 km northeast Maluku Barat Daya and the depth at 173 km under sea bed, an official of meteorology and geophysics agency said.

Regular use of aspirin could cut pancreatic cancer risk in half

Regular use of aspirin by people living in Shanghai, China, was associated with decreased risk for developing pancreatic cancer, according to data published in Cancer Epidemiology, Biomarkers & Prevention, a journal of the American Association for Cancer Research. Data from the new study and meta-analysis of data from 18 other studies suggest that over the past two decades, as the general population’s use of aspirin has increased, the effect of aspirin in decreasing pancreatic cancer risk has become more pronounced.

NASDAQ:WINS Investor Alert: Investigation over Possible Securities…

Wins Finance Holdings Inc is under investigation over potential securities laws violations. The investigation was announced for investors in NASDAQ:WINS shares in connection certain financial statements made by Wins Finance Holdings Inc. Investors who purchased shares of Wins Finance Holdings Inc , have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

Japan PM eyes Russia visit early next year to drive peace treaty talks

Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe review the guard of honour during a meeting in Tokyo, Japan, December 16, 2016. Sputnik/Sergey Guneev/Kremlin/via Japanese Prime Minister Shinzo Abe said on Tuesday he aimed to visit Russia early next year to accelerate talks for resolving a territorial row and concluding a peace treaty officially ending World War Two hostilities.

Ap Photos: Editor selections from the past week in Asia

In this Friday, Dec. 16, 2016, photo, Russian President Vladimir Putin, right, and Japanese Prime Minister Shinzo Abe, left, share a light moment during their visit to the Kodokan judo hall in Tokyo. Russia and Japan agreed Friday to hold talks on joint economic development on four islands at the center of a territorial dispute between the countries.

China says it will give drone back, but Trump says ‘keep it’

In this undated photo released by the U.S. Navy Visual News Service, the USNS Bowditch, a T-AGS 60 Class Oceanographic Survey Ship, sails in open water. The USNS Bowditch, a civilian U.S. Navy oceanographic survey ship, was recovering two drones on Thursday when a Chinese navy ship approached and sent out a small boat that took one of the drones, said Navy Capt.

China says it will give drone back, but Trump says ‘keep it’

In this undated photo released by the U.S. Navy Visual News Service, the USNS Bowditch, a T-AGS 60 Class Oceanographic Survey Ship, sails in open water. The USNS Bowditch, a civilian U.S. Navy oceanographic survey ship, was recovering two drones on Thursday when a Chinese navy ship approached and sent out a small boat that took one of the drones, said Navy Capt.

Chinese city cancels flights in 2nd day of smog alert

Electric bike riders wearing mask to protect themselves from exhaust gas wait at a traffic lights junction during a heavily polluted day in Beijing, Sunday, Dec. 18, 2016. China’s capital and other northern cities have banned half of all vehicles from city streets and ordered factories, schools and construction sites closed in response to a five-day smog red alert.

A promotional flyer for WHAM!’s Beijing concert in 1985. File photo

But now, prompted by the death of George Michael to recall that time, I can see that the concert I attended was more than just a musical first, it was a symbol of the changes that were setting China on the road to the country it is today. ) had started the ball rolling in the late 1970s by opening the country to foreign trade and bringing in the idea of entrepreneurism, and the period from late 1984 to 1986 was an interesting time to be in the Chinese capital as it felt as if Deng’s ideas had started to really gather pace.

Obama says partisanship in U.S. greater threat than Russian hacking

President Obama Friday said he is deeply frustrated by “hyper-partisan” attitudes that have left some Republicans more trusting of Moscow than Washington, calling such attitudes a greater danger to America’s national security than Russian hacking of U.S. elections. Obama reiterated his contention that “the Russians were responsible for hacking” the Democratic National Committee, starting in mid-2015, and that the U.S. will retaliate against Moscow for the meddling.