There’s no doubting that the global economy continues to grow from strength to strength, thanks to the continued practice of neoliberal values as the world continues to grow its internationalized character. Nonetheless, the world isn’t spared from dangers posed by its current state of affairs.
China is shrouded in so much mystique, that one may wonder how its growth as the world’s second-largest economy has piqued the interest of many Western businesses. Doing business in China emerges as a challenging feat, considering that both the East and the West share cultural contrasts.
China’s nuclear power industry should be given priority by ensuring that nuclear power plants become the primary source of power in the country while its output should not be adjusted during fluctuations in power demand, according to the country’s top nuclear industry executive, China Daily reported.
In its recent acquisition move, Chinese conglomerate HNA Group has acquired an 80 percent stake in a Beijing-based media company that runs Caijing Magazine, one of the most popular and influential business magazines in the country, China Daily reported.
The American multinational corporation Intel may currently be rejoicing, but the company’s dominance may soon crumble as its leading customer Microsoft is now looking to use a chip from a different microprocessor manufacturer.
The United States is likely to suffer more in case it launches a trade war with China, as it will lose its access to low-priced goods manufactured in China, which will hit American consumers, according to the chairman of China’s largest beverage maker, Hangzhou Wahaha Group.
China and the Philippines have recently reconvened their trade panel, the Joint Commission on Economic and Trade Cooperation, to deepen their economic and trade relations. The meeting was held in Manila and was attended by China's commerce chief Zhong Shan and Philippine counterpart Ramon Lopez.
For two years in a row, billionaire capital Beijing keeps top spot in Hurun Global Rich List.
Chinese smartphone makers are extending their market reach with the aim to expand globally and challenge other players such as Apple and Samsung.
South Korean store chain Lotte Group called as “irrational, fabricated rumors” reports which circulated on Sina Weibo that its chairman Shin Dong-bin was interviewed by Global News Eye, a South Korean news portal.
The Australian economy has survived a record of straight quarters without a recession. In 2016, its economy grew by 1.1 percent in the fourth quarter although it contracted by about 0.5 percent in the third quarter.
New analysis by the Financial Times, a leading business news and information organization, shows that China's banking system has already overtaken the eurozone to become the world's biggest in terms of assets. This reflects the country's increasing global influence as well as reliance on growth driven by debt.
Dan Collins, the chief executive officer of GenesisCare, a cancer and cardiac healthcare group, sizes up the booming Chinese market and already has a plan for its business for the next 30 to 40 years
Many Chinese investors are attracted to invest into Malaysia property sector mainly because of the good ties between the two countries and also as encouraged by China’s “One Belt One Road initiative,” according to Yong Ruobing, managing director of MCC Overseas, a subsidiary of China Metallurgical Group Corporation.
ANZ's chief economist Richard Yetsenga predicted that China's economy will slow down later this year. His remark came after Premier Li Keqiang reported that the government has trimmed down its growth target this 2017 to 6.5 percent.
