Wednesday, 29th, 2017 | 12:56PM Updated

A Chinese man uses his smartphone to play a game on a street in Beijing.
Skymoons Interactive Opens Studio in UK to Expand User Base of Mobile Games

Skymoons, a Chinese mobile games developer, launches its new studio in Edinburgh in the United Kingdom to mark its journey to the west.

Two Chinese women arrive at Beijing Capital International Airport as they cart purchased goods from abroad.
Survey Says More Chinese Consumers Will Buy Imported Products by 2020

According to a survey, the cross-border e-commerce in China is set to expand to a much wider population base by 2020.

Samsung's Lee Jae-yong as he is being accompanied by his security details.
Samsung's Lee Jae-yong nabbed for bribery and embezzlement allegations

Samsung' Lee Jae-yong got arrested for bribery and embezzlement raps.

A man lifts a boy up in the air in a pool at the Club Med resort in Sanya, which was bought by Fosun in 2015.
China’s Fosun to Raise Funds for Tourism Unit’s Overseas Expansion

Chinese conglomerate Fosun is currently negotiating with investors to raise fund for the planned overseas acquisitions of its tourism unit, amid regulators’ tightened scrutiny of outbound transactions, the Business Standard reported.

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Cars ride in smog as Spring Festival ends on Feb. 4, 2017 in Beijing, China.
China’s War on Smog: Gov’t Mulls Imposing Drastic Measures to Cut Steel Output, Ban Coal

China’s Ministry of Environmental Protection (MEP) has proposed measures to intensify the country’s war on smog, which is seen as some of the most drastic measures undertaken by the country to address air quality in heavily polluted cities.

Miss Universe 2016 Pia Wurtzbach and Chairman Okada of Okada hotels pose for the cameras at the SMX in Pasay City. Miss Universe VIPs walked the red carpet at the SMX in Pasay City a day before the co
Japanese Billionaire Plans to Transform Philippines to Become China's Hawaii

A gambling tycoon wants to transform the Philippines into a country of leisure and entertainment resort for wealthy citizens of nearby nations.

China's Steel Factories
China's Steel Output in 2016 Continued Despite Pledges to Reduce Capacity: Report

China has continued to produce steel, as its steelmaking capacity rose to 36.5 tons in 2016, or twice Britain’s total annual production capacity despite pledges to cut down on production, according to a report by Custeel, a steel consultancy, and Greenpeace East Asia.

Wealthy Chinese mainland households typically earn around 136,00 yuan ($19,800) annually, according to Gavekal Dragonomics.
Demand for Premium Products Driving China’s Spending Spree

Home to approximately 1.4 billion consumers, China is riding a wave of increased spending household spending despite an economic slowdown.

AIIB President Jin Liqun
How Influential Are China’s Development Banks?

China’s development banks have $3 billion worth of projects available in several countries but it remains a question if the banks will show the same support for the country’s One Belt, One Road initiative, a program aimed at expanding trade between Asia and Europe using the ancient Silk Road that linked China to the West.

A Lotte department store in Beijing.
South Korea’s Lotte Losing Appetite in China Market Due to Poor Sales, Politics

Lotte Group closed its flagship store at China's leading online marketplace Alibaba's Tmall.

The deal could help Sinochem gain inroads into the global petrochemical market.
China's Sinochem in Talks to Buy Stake in Noble Group: Report

Chinese state-owned oil and chemical producer Sinochem is reportedly in early talks to acquire Noble Group, sources familiar with the matter told Reuters on Tuesday, in a move that would help it gain access to the embattled commodity trader’s global supply chain.

Iron ore from Australia is unloaded at Rizhao Port, one of China's biggest ports for importing the commodity in Shandong Province.
Iron Ore Prices Likely to Strengthen as China Shifts to Better, Less-Polluting Imported Ore: Exporter

The prices of iron ore are not expected to drop despite a predicted price collapse as demand is likely to surge with China’s shift to better quality raw materials, according to Rio Tinto Group, the world’s second-largest exporter of iron ore.

Mergers and acquisitions (M&A) by foreign companies in China have featured such a pattern of changing from one slow-growing industry to an unfamiliar one that nonetheless promises rapid growth.
From Food to Cloud Computing? Chinese Companies Change Sectors to Escape Slow Growth

Imagine a restaurant chain suddenly jumping ship to cloud computing technologies, or a fireworks manufacturer venturing into peer-to-peer lending. Those scenarios may come off as bizarre from the onset, but such has become a trend among Chinese companies veering towards rapid growth.

Foreign fast food companies continue to compete in market share in China by building more stores.
Yum China Holdings to Add 600 Fast Food Chains in China Annually

Yum China Holdings Inc. plans to add 600 stores in the country annually. It is reported that it has more than 7,500 outlets in China at the end of last year.

KFC mascot Colonel Sanders remains a popular figure in China.
Yum China Leans on Fried Chicken to Keep Afloat

Yum China Holdings Inc. reported flat same-store sales growth for the full year with an increase of 3 percent at KFC.

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