A gambling tycoon wants to transform the Philippines into a country of leisure and entertainment resort for wealthy citizens of nearby nations.
China has continued to produce steel, as its steelmaking capacity rose to 36.5 tons in 2016, or twice Britain’s total annual production capacity despite pledges to cut down on production, according to a report by Custeel, a steel consultancy, and Greenpeace East Asia.
Home to approximately 1.4 billion consumers, China is riding a wave of increased spending household spending despite an economic slowdown.
China’s development banks have $3 billion worth of projects available in several countries but it remains a question if the banks will show the same support for the country’s One Belt, One Road initiative, a program aimed at expanding trade between Asia and Europe using the ancient Silk Road that linked China to the West.
Lotte Group closed its flagship store at China's leading online marketplace Alibaba's Tmall.
Chinese state-owned oil and chemical producer Sinochem is reportedly in early talks to acquire Noble Group, sources familiar with the matter told Reuters on Tuesday, in a move that would help it gain access to the embattled commodity trader’s global supply chain.
The prices of iron ore are not expected to drop despite a predicted price collapse as demand is likely to surge with China’s shift to better quality raw materials, according to Rio Tinto Group, the world’s second-largest exporter of iron ore.
Imagine a restaurant chain suddenly jumping ship to cloud computing technologies, or a fireworks manufacturer venturing into peer-to-peer lending. Those scenarios may come off as bizarre from the onset, but such has become a trend among Chinese companies veering towards rapid growth.
Yum China Holdings Inc. plans to add 600 stores in the country annually. It is reported that it has more than 7,500 outlets in China at the end of last year.
Yum China Holdings Inc. reported flat same-store sales growth for the full year with an increase of 3 percent at KFC.
The People’s Bank of China (PBOC) is using seven liquidity tools, aside from benchmark rates, to tackle various monetary and economic challenges, which analysts said is causing volatility and uncertainty in the markets.
Gfresh, a fast-rising seafood e-commerce firm, is eyeing to secure products from bigger suppliers. This comes as the company continues to see rapid growth on the heels of getting investments and obtaining impressive sales performance during the Chinese New Year.
China is now the biggest holder of Japanese bonds after buying 11.2 trillion yen worth of it.
Chinese wind power equipment manufacturer Sinovel Wind Group is seeking more than 43.65 million euros ($46.43 million) in total in compensation from Sinovel for breach of contract.
Liaoning Province, once an industrial hub fought over by Russia and Japan, is now a place with zombie companies, mired in recession and debt.
