As the Chinese yuan continues its slide in the currency market, the larger public is starting to feel the effects of the slump.
The managing director of Asia-Pacific at Mattel Inc., Peter Broegger, expressed his confidence in the fast growth of the Chinese market, particularly after the government allowed couples to have a second child.
At least five investors from the Chinese mainland and three tycoons from Hong Kong now belong to the list of the world’s 62 wealthiest people, according to a report by the international charity Oxfam.
As global oil prices continue to slide down, Chinese fuel companies have started cutting down on overseas investments to prevent losses.
Chinese firms are expected to upgrade their technology to be able to compete in the global market as free trade agreements (FTAs) with South Korea and Australia have taken effect last month, China Daily reported.
Dongfeng Motor Corp. has appointed Vice President Ouyang Jie as its new president, filling in the post two months after China’s second largest automaker ousted former president Zhu Fushou for suspected graft, Automotive News China posted on Tuesday.
In a bid to strengthen its presence in the global market, China's Haier Group bought U.S.-based General Electric Co.'s appliances manufacturing division for $5.4 billion.
Jin Liqun, the first president of the Asian Infrastructure Investment Bank (AIIB), has assured on Sunday, Jan. 17, that the bank will be a 21st-century multilateral lender with rigorous corporate culture, China Daily reported.
JD Finance, JD.com Inc.’s financial subsidiary, has announced intention to raise 6.65 billion yuan ($1.01 billion) to be used in developing the company’s financial technology ecosystem, Shanghai Daily reported.
Officials with the International Monetary Fund have expressed anticipation to cooperate with the China-initiated Asian Infrastructure Investment Bank (AIIB), according to an article published by CRIENGLISH.com.
The Hong Kong Toys and Games Fair, considered as Asia’s largest toy fair, was held as Chinese toy manufacturers expect a sharp increase in sales for the toy industry in 2016, awaiting the effect of China's two-child policy, CRIENGLISH.com reported.
China’s LGBT community is prompting investors to start tourism enterprises that cater to them. An estimated 50 to 70 million Chinese people are said to identify themselves as LGBT.
General Electric, known for its refrigerators and other kitchen and household appliances, is quitting the appliance business. On Friday, the company announced it would sell its appliance business for $5.4 billion to a Chinese competitor.
Administrations for Industry and Commerce in Shanghai and Shenzhen has suspended the registration of Internet Finance firms.
China is set to take a bigger role as it prepares to host the G20 summit in September, with the aim to contribute more to establishing global economic rules, observers said.
