Chinese shipping giant Cosco is a step closer to consolidating its hold over the key Greek port of Piraeus this week after being named as the sole candidate to acquire a majority stake in Greece’s biggest harbor.
The 46th World Economic Forum (WEF) is set to convene from Jan. 20 to 23 in Davos-Klosters, Switzerland, to tackle the theme of this year’s annual meeting, "Mastering the Fourth Industrial Revolution," the Xinhua News Agency reported.
Top Italian fabric brand Reda is trying to tap into the Chinese market, which holds great potential for business, according to a report by China Daily.
Chinese authorities have launched a new set of fuel pricing rules in the hopes of maintaining the stability and flexibility of domestic oil prices.
China Securities Regulatory Commission (CSRC) fined Liu Qintao 150,000 yuan ($22,800) for a stock market advice based on speculations. He advised the public on June 2, 2015, to take a short position on shares of a rail company.
Yang Shaolin was recently appointed as the new Chief Administrative Officer and Managing Director of the World Bank. Yang is the director-general of the country's finance ministry.
The offshore yuan-based overnight Hong Kong interbank offered rate (HIBOR) has posted a record high of 66.8 percent on Tuesday, Jan. 12, up from 13.4 percent on Jan. 11 and 4.0 percent on Jan. 8, the Global Times reported.
The country’s farmers and small firms can now receive support through loans as the People’s Bank of China (PBOC) announced that it will expand and promote its relending pilot scheme to include the most vulnerable sectors of the country’s economy, Shanghai Daily reported.
Although China is in the middle of a transition, the Seattle-based company Starbucks will continue with its planned expansion in China. Starbucks CEO Howard Schultz shares that the company plans to open 500 more outlets in the Asian giant over the next five years.
Chinese car manufacturer Great Wall Motor Co. has unveiled its plans to penetrate the world market with the opening of its new overseas research and development base.
Hospital consulting firms are relying on social media to trick men into paying dearly for, often unnecessary, treatment at private hospitals that specialize in male health, particularly sexual health.
The latest research released by UBS Investment Research on Tuesday, Jan. 12, indicates that consolidation will be central for Chinese Internet giants, including Alibaba, Baidu and Tencent.
If how unmarried Chinese spent money during the Nov. 11 Singles' Day in 2015 is an indicator, online shopping is expected to further boom in China in the coming years. Easily putting the sales figure of Amazon and eBay to shame, Double 11 sales in the county hit $19 billion (or 123 billion yuan).
Auto sales in the world’s biggest car market, China, surged to a record of 24.6 million units in 2015, but at a much reduced growth rate, as demand declined because of economic uncertainty.
At least 10 kinds of consumer products are lined up for quality improvement, as China’s quality watchdog pledged to undertake the upgrade this year.
