Shiseido Co. Ltd., a leading Japanese personal care brand, reported strong demand for its products among Chinese customers in Japan despite its weak performance in the actual Chinese market, China Daily reported.
For the first time in more than 50 years in the history of China Petroleum & Chemical Corp. (Sinopec), the oil and gas giant in China will be forced to shutter four oilfields in Shandong Province. The reason behind the closure is low prices of oil in the global market as well as glut in supply.
Experts believed that the main factor that led to Monday's substantial gains by the yuan against the dollar may be credited to the comments made by the head of China’s central bank on the need to stabilize the yuan's exchange rate and U.S. Federal Reserve uncertainty on its rate policy, the Global Times reported.
The General Administration of Customs (GAC) predicted that the downward pressures on China’s exports are expected to ease in the second quarter this year despite the weak January trade data released on Monday, Feb. 15, the seventh straight month of decline for exports, the Global Times reported.
Carrying dozens of cargo containers, the first cargo train from China arrived in Tehran on Monday, representing the revival of the Silk Road. The Silk Road train left China’s Zhejiang Province on Jan. 28 and traveled 10,399 kilometers, passing through Kazakhstan and Turkmenistan.
A group of Chinese investors announced on Wednesday that it had offered $1.2 billion to acquire the Norwegian company behind the Opera Web browser.
Outbound mergers and acquisitions are expected to hit record high this year, industry analysts and experts say, according to a report by China Daily. The prediction is based on the high-profile investments that took place in the first two months of 2016.
Shopping during the Spring Festival season is an annual tradition among Chinese, and a practice that has taken the world by storm thanks to e-commerce, according to an article by China Daily.
YouTube has gained possession of the online music startup BandPage with a view to increase bands as well as attract more viewers to the online streaming giant's recently launched Red subscription service.
The European Union (EU) has launched on Wednesday, Feb. 10, a public consultation to seek inputs for its in-depth assessment of China’s status-changing and decide on whether to grant China the market economy status (MES) on the bloc's economy, the Xinhua News Agency reported.
Auto financing companies in China that offer car loans to individual consumers and car dealers saw robust growth last year despite slow car sales, the Xinhua News Agency reported.
A study by the State Administration for Industry and Commerce revealed that a third of jobs in China are created by self-employed and private firms. In 2015, self-employed jobs reached 116.8 million, while 163.9 million jobs were offered by private firms.
Qihoo 360 is delisting from the New York Stock Exchange, while Opera Software suspended trading of its stocks on the Oslo Stock Exchange since Friday as the two companies negotiate Qihoo’s offer of $1.2 billion to purchase the Norwegian browser maker.
The rise of the U.S. dollar is the root cause of the slowing economy, contrary to what the United States has been saying about foreigners, according to a recent article published by Forbes.
