Plenty of Chinese people are struggling to meet monthly mortgage payments as China’s home market continue to bubble, an article by Bloomberg reported.
Chinese carmaker Geely is poised to hit record-breaking earnings for 2016. The increase can be attributed to the sales of its Volvo units.
The National SMEs Fund leads $18 million series round in Tianyancha, a Beijing-based business data and investigation platform.
Hebei’s economic planner has announced approval of the 42.4-billion yuan ($8 billion) project proposed by China’s biggest steelmaker, Hebei Steel Group, which aims to reduce its steel overcapacity by nearly 2 million tons and upgrade old technology.
A group of American businessmen has called on the Chinese government to ease import restrictions on agricultural goods and biotechnology products including genetically modified seeds, the San Francisco Chronicle reported.
China Unicom had a net profit of 630 million yuan, a 94.1 percent year-on-year decrease.
China will publish this year the rules on outbound investments, specifying the sectors where Chinese firms are encouraged to invest and sectors that are restricted, Chinese state media reported on Tuesday, March 21.
Bosch GmbH, the German mobility, industry and software conglomerate, is planning to develop solutions for Internet of Things (IoT) as well as set up new Bosch plants in China this year, Bosch chairman Volkmar Denner announced on Monday, March 20.
Xiao, who just attended the G20 Summit last week, says that policy uncertainties and the rise of protectionism can hinder global economic growth.
According to Linklaters, Chinese acquirers see a collapse of deals due to the scrutiny of outbound investments.
At the three-day China Development Forum in Beijing, global elites came together to discuss U.S. President Donald Trump’s growing protectionist agenda and how future gains will be equally shared between nations, Bloomberg reported.
Standard Chartered Chairman Jose Vinals said the company will increase investments in China this year and participate in the Belt and Road Initiative.
The efforts of Alibaba Group Holding and JD.com when it comes to grocery shopping is now changing the behavior of Chinese consumers who are relying on neighborhood markets to shop.
China and the European Union (EU) are being forced to thaw their decade-long tensions and unite to push for free trade because of U.S. President Donald Trump policies and his "America First" mantra, the Straits Times reported.
Eric Li owns a glass factory in southeast China and business has been tough as high labor costs and stringent regulations put a strangle hold on operations. With President Donald Trump’s latest threat to impose tariffs on goods, the situation could get tougher, according to a report by Yahoo Finance.
