Thursday, 19th, 2018 | 8:48PM Updated

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.

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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.

Alibaba's Jack Ma
Alibaba Expansion: Online Store Daraz Seen as Next Choice for Jack Ma’s Acquisition

Daraz, an online store that operates in Pakistan, Bangladesh, Myanmar and Sri Lanka, is seen as a likely target for Jack Ma’s expansion, following the $1 billion deal to acquire Lazada last year.

Founder and CEO of Chinese hotel group Huazhu, Ji Qi (R), French Foreign Minister Laurent Fabius (C) and Accor hotel group CEO Sebastien Bazin (L) give a press conference following their meeting.
China Lodging Group Limited Acquires Crystal Orange for 3.65 Billion Yuan

China Lodging Group Ltd. one of the nation's top hotel companies, agreed in acquiring Crystal Orange, a boutique hotel operator for 3.65 billion yuan. This is the latest sign of consolidation in the fragmented hotel industry.

A passenger uses app on the phone to check mileage of a yellow rental bike at the service points of Zhoujiazui Road.
Ofo Completes Largest Single Deal Investment in Bike-Sharing Industry

Ofo, a bike-sharing startup at China, announced that it has completed a 3.1 billion yuan D-round financing that is led by global investment institution Digital Sky Technology.

In 2016 alone, Chinese firms bought an array of US companies, technology, and property estimated to be worth around $45.6 billion.
China Goes on a US Buying Spree But Avoids Hollywood Firms

Big Chinese companies are on a billion-dollar U.S. buying spree, but avoids Hollywood altogether in order to prove regulators that money is not being transferred to safer assets abroad, CNBC reported.

Manufacturing in China
Expansion of China’s Manufacturing Sector for 7 Straight Months Sign of Stable Economic Growth: Govt

The expansion of manufacturing in China for the seven consecutive months shows that Chinese economy is moving steadily as government data show, the Xinhua News Agency reported.

As a country with a large economic output, China is poised to shine brighter on the world stage.
China Keen to Take Global Economic Leadership Role

Since Donald Trump took over the White House, the United States has pivoted from its role of an economic global leader and turned toward economic nationalism. Meanwhile, China expresses its interest in assuming the role, an article by USA Today reported.

In 2016 alone, Chinese firms bought an array of US companies, technology, and property estimated to be worth around $45.6 billion.
American Businesses Show Optimism in Investing in South China: Surveys

Reports from the American Chamber of Commerce noted that businessmen from the United States show positivity towards investing in South China. Many consider that the business environment in the region as either "good" or "very good."

Australian Infant Formula
China’s Infant Formula Supply to be Affected by Delay in Bellamy's CFDA Registration, Board Troubles

China’s supply of baby formula from Bellamy’s Australia may face delay as trouble in the company’s board has stalled its registration with China Food and Drug Administration (CFDA), the Sydney Morning Herald reported.

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