Reproductive services are a big hit in China nowadays, a trend that was aptly predicted by one startup, Beijing Albeike Technology Co. Ltd., according to an article by China Daily.
More than 1,000 coal mines in China with a total annual capacity of 60 million metric tons are being eyed for closure this year, as the government plans to address a price-sapping oversupply in the sector, the country’s energy regulatory body announced on Monday.
Younger migrant workers pack smaller suitcases on their return trip home for the Spring Festival, according to a report by China Daily. The trend nowadays is to give out expensive digital gadgets as New Year presents, instead of the usual gifts like snacks and winter clothes.
For Michie, the portrayal of Chinese firms buying up the world is not true or even remotely feasible. "It creates a false impression," he says. "Chinese money in terms of the country's GDP, or its government reserves, is only a tiny portion of the wealth in North America or Europe."
A growing number of Chinese mainland residents are going to Hong Kong to buy insurance products and services, as latest statistics show that mainlanders have paid more than one-fifth of new office premiums in the first three quarters of 2015, according to a report by CRIENGLISH.com.
A court in Madrid on Saturday has ruled that six executives of the local branch of China’s largest state-owned bank, the Industrial and Commercial Bank of China (ICBC), should be detained pending a judicial probe into suspected money laundering and tax fraud.
Lyft Inc., an online ride-hailing and sharing service provider, is aiming to become a dominant force in the United States within two years by leveraging on its alliance with Didi Kuaidi, China's largest player in the fast expanding sector, China Daily reported.
The central government, through the National Development and Reform Commission (NDRC), has pledged to increase its investment in major facilities in industry and public service, following reports of lower growth in fixed-asset investments last year, China Daily reported.
Volkswagen AG believes that its sales in China could rise in line with the country's auto market this year, as it considers a partnership with JAC Motors, which would be its third partnership with Chinese automakers, as reported by the Global Times.
The decision by banking giant HSBC to remain in the United Kingdom instead of returning to Hong Kong did not surprise industry observers. The Special Administrative Region’s (SAR) political system of being part of two systems but one country has been cited by analysts as the apparent reason for the global lender’s decision.
China's struggling industrial sectors are set to receive renewed support from the government, according to an official statement. The batch of new measures also outlines proposals to help the companies in the said sectors.
The chief executive of ride-sharing app Uber revealed that the company is burning more than $1 billion each year in China, where it faces fierce competition with local rival Didi Kuaidi in luring consumers.
Spanish authorities have raided the Madrid branch of Industrial & Commercial Bank of China Ltd. (ICBC) on Wednesday and detained five of its directors over allegations of money laundering.
