The International Monetary Fund (IMF) Executive Board has decided to include the Chinese currency renminbi (RMB) in its Special Drawing Rights (SDR) basket, as announced by IMF Managing Director Christine Lagarde on Monday noon, Nov. 30, after the vote by its executive board, China Daily USA reported.
Shanghai YTO Express (Logistics) Co. Ltd. is now the largest express delivery business by market share in China after taking advantage of the booming e-commerce industry, China Daily reported.
LG announced its commitment to OLED technology over the next few years, starting with plans for a large panel plant in South Korea.
Chinese online food delivery service provider ele.me has sold an undisclosed stake to China’s largest car-hailing app Didi Chuxing, the company announced on Thursday.
Chinese ride-hailing app Didi Kuaidi has proposed a new alternative to conventional transportation for the tens of millions of Chinese who are planning to travel back to their hometowns during the Chinese New Year for family reunions.
More people in China are buying sex toys now than ever. However, experts point out that there is a clear lack of government oversight and regulations, which could lead to unsafe products.
By the end of 2020, the yuan will be convertible and freely traded, according to the head of the central bank. China plans to achieve this goal by pushing the Belt and Road initiative.
The country's plastic surgery industry is poised to be the world's third largest after the U.S. and Brazil by 2019 should it continue to grow as expected.
Uber is now ready to take the challenge of its competitors after Liu Zhen, the "strategic officer" who oversees the company's China operation, said that the San Francisco-based company is transforming into a localized firm with many Chinese investors, as well as China-specific products and a local management team.
Automakers have expressed that they are predicting slower growth next year, as compared to the exponential growth in previous years. Their views were publicized at the Guangzhou Auto Show.
As expected, tourism in Paris is on a downhill after the Nov. 13 terror attacks. Fewer people are travelling to the City of Lights despite the attraction of the Eiffel Tower and French cuisine over fears for their safety.
Some of the popular retailers are closed during Thanksgiving, which retail experts call it a reverse trend.
Chinese property conglomerate Dalian Wanda Group Co. Ltd. is planning on listing its film production and distribution arm within a year, according to the company’s founder, Wang Jianlin.
Macy's will be holding it 89 Annual Macy's Thanksgiving Day Parade on this Thursday, Nov. 26, in which thousands of New Yorkers are expected to participate.
