Analysts predict that a new set of rules will be implemented by the government as a result of last week's stock market volatility and other related problems, China Daily reported.
As more Chinese become affluent, many of them become international travelers, boosting the bottom line of travel-related businesses.
The number of Chinese individuals having 1 million yuan ($151,700) to 5 million yuan worth of investable assets is estimated to reach 12.3 million this year, up from 11.16 million last year, according to a report released by Forbes China and China Pacific Insurance Group on Jan. 8.
China has overtaken Japan, South Korea and Malaysia in exporting high-tech products, which have now become a key driver of the Chinese economy, according to a Dec. 2015 report from the Asian Development Bank (ADB).
On Friday, Jan. 8, China's securities regulator promised to “appropriately manage” the pace of new share sales as a way of stabilizing investors’ expectation, underscoring its need to contain more fluctuations after the market rebounded.
Premier Li Keqiang recently said that the central government will strengthen efforts this year to reduce overcapacity and overproduction.
Zhou Chengjian, the 65th richest man in China with an estimated wealth of $4 billion (26.5 billion yuan), is reportedly missing. The founder of famous Chinese fashion brand Metersbonwe was picked up by police.
Real estate giant Dalian Wanda Group Co. is setting its sights on China’s healthcare sector with a 15 billion yuan ($2.3 billion) investment in three hospitals in the country.
Google is set to strengthen its presence in China as it has begun looking for new hires to man its office in the country.
The People’s Bank of China (PBOC) has told Shanghai Chang-go Corporate Services Co. Ltd. to stop selling prepaid shopping cards that had become popular in Shanghai and rich provinces, one year after learning that the company was involved in illegal operations.
The World Bank chief economist and former senior vice president, Justin Yifu Lin, said that despite the weak global demand, there are still many opportunities for China to experience economic growth in 2016.
The Internet finance branch of Alibaba Group Holding Ltd., Ant Financial Services Group, announced that it has begun the second round of financing ahead of scheduled initial public offering (IPO).
Fireworks are now banned in the Outer Ring Road of Shanghai in line with new regulations effective on Jan. 1, Friday.
