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.
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.
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
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.
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.
China has set a lower economic target this year to enable government to focus more on resolving the country’s economic problems, economists said.
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.
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.
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.
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 wwd.com.
A new online finance company is set to challenge Alibaba’s Ant Finance as JD.com 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.
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.
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.
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.
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.
Ancient Taiyuan County, which dates back to Ming Dynasty (A.D. 1368-1644), begins to take shape with efforts to restore relics to what they were like around 600 years ago.