Thursday, 14th, 2017 | 1:56PM Updated

Beijing is the billionaire capital of the world.
Hurun Global Rich List: Billionaire Capital Beijing Keeps Top Spot for 2017

For two years in a row, billionaire capital Beijing keeps top spot in Hurun Global Rich List.

Chinese Smartphone Oppo
China’s Smartphone Makers Aim to Extend Global Reach to Rival Apple, Samsung

Chinese smartphone makers are extending their market reach with the aim to expand globally and challenge other players such as Apple and Samsung.

Lotte Stores in China
Lotte Denies Chairman Belittled Chinese, Calls Report 'Irrational, Fabricated Rumors'

South Korean store chain Lotte Group called as “irrational, fabricated rumors” reports which circulated on Sina Weibo that its chairman Shin Dong-bin was interviewed by Global News Eye, a South Korean news portal.

China's Imports from Australia
Australia’s Economy Linked to China’s Growth Demand, Sustainability

The Australian economy has survived a record of straight quarters without a recession. In 2016, its economy grew by 1.1 percent in the fourth quarter although it contracted by about 0.5 percent in the third quarter.

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Bank of China
China Now World's Biggest Banking System, Unseats Eurozone

New analysis by the Financial Times, a leading business news and information organization, shows that China's banking system has already overtaken the eurozone to become the world's biggest in terms of assets. This reflects the country's increasing global influence as well as reliance on growth driven by debt.

Photo shows the GenesisCare National Office located at New South Wales, Australia.
Healthcare Group GenesisCare Pushes to Expand in China, Views Long Term

Dan Collins, the chief executive officer of GenesisCare, a cancer and cardiac healthcare group, sizes up the booming Chinese market and already has a plan for its business for the next 30 to 40 years

Investment in Malaysia Property Sector
7 Key Reasons Why Chinese Firms Invest in Malaysia Property Sector

Many Chinese investors are attracted to invest into Malaysia property sector mainly because of the good ties between the two countries and also as encouraged by China’s “One Belt One Road initiative,” according to Yong Ruobing, managing director of MCC Overseas, a subsidiary of China Metallurgical Group Corporation.

Premier Li Keqiang reported that the government has trimmed down its growth target this year to 6.5 percent.
China's Economy Slowing Down Later in 2017: ANZ's Chief Economist Yetsenga

ANZ's chief economist Richard Yetsenga predicted that China's economy will slow down later this year. His remark came after Premier Li Keqiang reported that the government has trimmed down its growth target this 2017 to 6.5 percent.

Improvement in Chinese Economy
China Growth Target Lowered to Allow More Room for Govt to Address Economic Risks: Analysts

China has set a lower economic target this year to enable government to focus more on resolving the country’s economic problems, economists said.

Guangzhou Province is home to a large population of elderly Chinese, making the demand for senior care services high.
France’s Colisee Group Joins China’s Elderly Care Industry

Colisee Group, a French nursing home operator, ventures into China’s elderly care industry by opening its first complex in the country. The nursing home, located in Guangdong Province, is slated to open its doors to the public January next year.

Picture shows the logo of German discount supermarket giant Aldi.
German Discount Supermarket Chain Starts Online Sales Through Alibaba's Tmall

Aldi, a German discount supermarket chain, is planning to start online sales in China this March. The company is hoping to appeal to Chinese consumers with their selection of wine, snack and breakfast products.

ZTE Corp Manufacturing
China’s ZTE Closer to Settlement with US over Charges of Selling Technology to Iran

A settlement deal is about to be signed by Chinese telecom maker ZTE Corp with the U.S. Department of Commerce, the U.S. Department of Justice and the U.S. Treasury, over charges that the Chinese firm sold technology to Iran, which is restricted by U.S. laws.

China's Electronics Retailer Suning
Online and Offline Retail Linking Key to Future Growth in Retail, Alibaba Exec Says

Merging both online and offline retail, not dividing retail into smaller channels, could be the key to the future growth in retail business, an Alibaba executive said, according to an article by

Employees at work in's headquarters in Beijing.’s New Spinoff Finance Unit to Rival Alibaba’s Ant Financial in China's Online Finance Market

A new online finance company is set to challenge Alibaba’s Ant Finance as announced plans on Thursday, March 2, that it would spin off its finance business for $2.1 billion, as part of its expansion efforts into the online finance market.

The 200 wealthiest members of the National People's Congress and Chinese People's Political Consultative Congress (CPPCC) have an accumulated wealth of around $507 billion.
Richest Lawmakers in China Valued at $500 Billion: Hurun Report 2017

According to a report from Hurun, China's 200 richest lawmakers have a combined fortunes worth over $500 billion. The list includes first-generation Chinese billionaires.

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