The appointment of Guo Shuqing as chairman of the China Banking Regulatory Commission (CBRC) is seen as a decisive move by Beijing to improve the country’s financial system amid a rapid economic growth.
The growth of the Chinese economy is seen as the key factor in the recent rally of U.S. stocks in the market, an analyst said in a note on Monday, Feb. 27, CNBC reported.
Apple announced that Apple Campus 2 will be opening for employees to move in this April, while officially naming the site "Apple Park." Accommodating more than 12,000 employees to the site will take more than six months, the company said and few smaller building construction and landscaping will proceed into the summer.
Backed by Chinese e-commerce giant Alibaba, PayTM launched its PayTM mall in India, an Android app for smartphones, patterned after Alibaba’s TMall, to compete with rivals Flipkart and Amazon in the country’s online shopping market, Business Standard reported.
The 16-nation Regional Comprehensive Economic Partnership (RCEP) has begun trade negotiations in Kobe, Japan, to form an Asian pact and finalize agreements on tariff cuts and market access in the services sector, Bloomberg reported.
4G LTE is mostly used in developed countries. So what's next? There are already talks of 5G technology - ranging from AT&T's recently announced 5G Evolution network to Verizon partnership with Samsung. Further, Sprint is also joining and will be demonstrating its Gigabit LTE TDD and MWC. While its not technically 5G, that two companies will begin testing later this year, it's a crucial preliminary step towards 5G.
After a period of hiatus, Macau’s largest casinos are up again to a vibrant mood due to the booming Chinese real estate industry and soaring factory business sector.
Apple newly acquired the domain name iCloud.net, one of the final pieces related to iCloud that the company itself did not own. Although its not clear when Apple made the deal, the social network earlier linked to that domain will be winding by the end of this month.
Alibaba Group Holding’s brick-and-mortar move is expected to strengthen its presence in the retail market and give Amazon a direct challenge in the market share.
A startup called DouMi is banking on the job-hop trend among Chinese millennials, who are more interested in taking part-time gigs than the traditional, long-term work.
Walmart will further expand in the country this year by opening up to 40 new branches.
Seattle-based Amazon is still lagging behind China's biggest e-commerce firms. The company reportedly holds only less than 1 percent in the country's lucrative e-commerce market.
In the last 10 years, China lost a total of $3.8 trillion to capital flight and to curb the outflows, a complex system of capital controls was developed by Chinese authorities.
Chinese and Japanese companies are looking at investing as well as partnering with Philippine firms. This is amid the bright prospects brought about by the sustained economic growth of the country.
