It is estimated that China’s bitcoin markets account for about 98 percent of trading in the global bitcoin market but contrary to this, it is lower at about 80 percent, according to an article by coindesk.com.
China is pushing efforts to implement long-term measures to prop up the yuan, which includes promoting the Chinese currency’s use in international trade and boost market liberalization, according to economists.
Audi joins the trend with Chinese company FAW Group in catering to the increasing demand for electric cars in China. China is the investment hub in Asia when it comes to electric cars as a likely consequence of the government's stricter rules in emission.
The Volkswagen Group is set to join the competition in the largest new-energy market in the world as it prepares to launch eight new energy vehicles (NEVs) in China, based on a document leaked onto the Internet, Forbes reported.
Analysts made a mistake when they said that the China’s credit bubble could be a major potential risk for investment in 2017. Instead, it should be seen as an opportunity to buy stocks and make money out of it, according to an expert at the one of Asia’s biggest asset managers.
With the inauguration of Donald Trump just a few days away, U.S. companies have warned the incoming President against starting a trade war with China. They said that China will be prepared to retaliate if Trump were to implement excessive U.S. import tariffs.
With last year’s big profits and the continuing rise in demand, it looks like baijiu makers will have something to toast on this Chinese New Year. These companies have helped drive stock gains this year for China’s consumer staples stocks.
Many Chinese are rushing to stores in hopes of finding and purchasing a Japanese face mask. It's not for vanity, as the mask can be used as a protective article of clothing against the smog that often covers northern China during wintertime.
Tsingtao is a household name in China, but it's only recently that the Chinese beer has been making waves in the international market. According to a report by China Daily, overseas sales of the brand grew by 12 percent in 2016, with increases in the Latin America, western Europe, and Asia-Pacific regions.
As the oil market ended the week with prices lower by three percent, the world looks to the Chinese economy for signs of underlying problems, being the second largest oil consumer in the world.
Elon Musk plans to serve millions with his satellite-based internet service from outer space.
It might have been unheard of a few years ago, but today, China's digital sector is busy churning new jobs and employing millions of people across the country. Just so-- as the government continues to step up efforts to restructure the economy, the digital industry just might be the one to keep it afloat.
Who says China's richest man is all work and no play? Wang Jianlin was intent bringing the house down by delivering a soulful performance of "Nothing to My Name" and "Friends" during Wanda Group's annual gala on Jan. 14.
Last Sunday, 13 provincial-level regions in China released economic growth rates, with Chongqing Municipality leading in economic growth. The Southwestern region’s economy grew by 10.7 percent year-on-year. It was followed by Northern Tianjin Municipality (9 percent), Central Hubei Province (8 percent), and Hunan Province (8 percent), according to media reports.
Despite a lower predicted economic growth for 2017, China vows to keep its economy stable and steady, according to President Xi Jinping on Monday during the World Economic Forum held in Davos, Switzerland.
Spring Festival 2017 has proven yet again how colorful Chinese culture is, and how devoted the Chinese people are to their own culture. Here are the various events that took place across the country during the Lunar New Year holiday.