E-commerce giant Alibaba has to acquire large overseas targets if it wants to emerge as a genuine global company, an analyst said in an article published on China Daily.
Renault-Nissan will be developing an affordable electric vehicle (EV) for China as the Franco-Japanese alliance’s current offering, the Nissan Leaf, is proving to be too expensive for Chinese buyers, according to a Tuesday report from Automotive News China.
The People’s Bank of China (PBOC) has injected on Saturday, Feb. 6, another 110 billion yuan ($16.7 billion) into the financial system through open market operations to ease the anticipated liquidity strain that often occurs during the Spring Festival, the Xinhua News Agency reported.
China’s Ministry of Commerce (MOC) said on Tuesday that the government is taking concrete steps to cut down the country’s steel capacity, in response to concerns from the European Union (EU) that overcapacity of Chinese steel may hurt markets in the region.
General Motors has launched Cadillac CT6 sedan on the Chinese car market ahead of it going on sale in the United States, underscoring the significance of China for GM’s flagship Cadillac brand.
Data from the China Insurance Regulatory Commission (CIRC) showed that China has become the world's third largest insurance market in 2015, as insurance premiums continue to grow in the past five years, the Xinhua News Agency reported.
More and more Chinese companies are buying foreign firms at a record rate, according to an article by Business Insider. Experts predict that this trend is likely to continue for the most part of 2016.
The Asian Infrastructure Investment Bank (AIIB) has announced on Friday, Feb. 5, the appointment of five vice presidents with work experience in both developed and emerging economies as well as multilateral institutions, the Xinhua News Agency reported.
An investor group led by Chongqing Casin Enterprise Group (Casin Group) is set to acquire the Chicago Stock Exchange after reaching an agreement, as announced on Casin's website Friday, Feb. 5, the Xinhua News Agency reported.
State Grid Corp., one of the world's biggest utility companies, is striving to build a global energy network through a new unit, which is expected to attract $50 trillion worth of investment by 2050, sources said on Tuesday, Feb. 2.
Chinese authorities are contemplating on imposing restrictions on the use of mainland-issued UnionPay cards to pay premiums on Hong Kong-based insurance policies, Reuters reported.
A Forex administrator said on Thursday, Feb. 4, that China’s money outflow in 2015 should not be equated to foreign investment withdrawal.
Amid concerns about China's current economic downturn, foreign investors have expressed confidence in the country's growing market.
China has expressed confidence that it can maintain last year's economic growth momentum based on data from its service and technology industries, a top planning official said on Wednesday, Feb. 3, as reported by China Daily.
Public Chinese auto conglomerate Ningbo Joyson Electronics Corp. will acquire Key Safety Systems Inc., based in Sterling Heights, in a $920-million deal.
