Wednesday, 21st, 2018 | 10:51AM Updated

Zhou Qiang, president of China's Supreme People's Court, welcomes foreign ambassadors during the opening day of China's Supreme People's Court on Aug. 27, 2014 in Beijing, China.
Travel Ban? Not in US But in China: 6.7 Million Chinese Penalized for Not Repaying Debts

Almost 7 million Chinese debtors were banned from taking flights and high-speed trains in the past four years as a penalty for not repaying their debts, China’s Supreme Court announced.

A man holding an umbrella walks past a welcome sign for Yuhuang Shannan Fund Town in Hangzhou, China.
China’s Greenwich’s Village: Yuhuang Shannan a Big Hit for China’s Hedge Fund Managers

China has turned an ancient Song dynasty site into an exclusive enclave for its hedge fund managers, patterned after the famous Greenwich Village in Connecticut where Wall Street professionals, money managers and financial experts reside.

A French ski company estimated five to six million skiers in China which is still projected to go higher as the 2022 Winter Olympics approaches.
Chinese and French Companies Tie Up to Build Ski Resorts in China

European ski companies have seen an opportunity for expansion in China where winter sports are gaining popularity as anticipation to the 2022 Winter Olympics to be held in Beijing. On Thursday, two French firms who headed to China confirmed securing deals with Chinese companies to build ski resorts in the country, Reuters reported.

Chinese President Xi Jinping's Visit to Australia
Chinese Investors in Australia Play Down 'Chinese' Element to Ease Acquisition Concerns

Chinese companies keen to invest in Australia have taken on a new stance by playing down the "Chinese" element to assuage the concerns of people on Chinese acquisitions.

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According to the government body that acts as China’s quality watchdog, over 40 percent of consumer goods available on e-commerce platforms last year were of subpar quality.
Along with China’s Thriving E-Commerce and Courier Industries Come the Persisting Problem of Packaging Wastes

The world has witnessed the booming of China’s e-commerce industry in the past years, and tagged along with it is the promising growth of the courier service sector. But with their major contributions in the Chinese economy also comes the inevitable problem in handling the packaging waste these industries have been generating.

Banner shows Xiaohongshu as a company that focuses on online community discussions.
Red Sets Itself Apart in E-commerce Market as It Focuses on Community Through User Sharing

While e-commerce giants Alibaba Group Holding Ltd., and Inc., have pushed hard on imported goods, Red plans to set itself apart with a special focus on the community through user sharing.

The global mobile entertainment market is currently valued at $58.44 billion.
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.

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.

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