Wednesday, 19th, 2018 | 12:30AM Updated

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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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.

Pedestrians walk in front of the People's Bank of China headquarters in Beijing.
China’s 7 Liquidity Tools Causing Volatility, Uncertainty in Money Markets

The People’s Bank of China (PBOC) is using seven liquidity tools, aside from benchmark rates, to tackle various monetary and economic challenges, which analysts said is causing volatility and uncertainty in the markets.

Seafood dishes are staples during Chinese New Year festivities.
Seafood E-commerce Firm Gfresh Is on Lookout for Bigger Suppliers

Gfresh, a fast-rising seafood e-commerce firm, is eyeing to secure products from bigger suppliers. This comes as the company continues to see rapid growth on the heels of getting investments and obtaining impressive sales performance during the Chinese New Year.

Employees working at the Tokyo Stock Exchange
China Turns to Japanese Bonds After Dumping US Treasuries

China is now the biggest holder of Japanese bonds after buying 11.2 trillion yen worth of it.

A Sinovel Wind Turbine
China's Sinovel Sued in Italy Due to Substandard Wind Power Equipment

Chinese wind power equipment manufacturer Sinovel Wind Group is seeking more than 43.65 million euros ($46.43 million) in total in compensation from Sinovel for breach of contract.

Investigators check the damaged steel casting workshop owned by state-run Angang Heavy Machinery in the city of Anshan in Liaoning Province.
China’s Zombie Province Reveals Flaws in Country’s Bond Market

Liaoning Province, once an industrial hub fought over by Russia and Japan, is now a place with zombie companies, mired in recession and debt.

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