The World Bank has recently funded the budget reform programs of two local Chinese governments. The loan, amounting to $200 million each, will be used to develop a strong and sustainable foundation for the finances of Hunan and Chongqing.
If you have wondered how the millionaires have made their millions and become successful in business, it is a combination of clever business decisions, taking on greater risks when it comes to investments, and basic values and discipline when it comes to financial management.
As business leaders, it is not only important that you make a good and effective decision for the good of your company or business. It is also important that you know how to make fast decisions when the situation calls for it.
Alibaba founder and executive chairman Jack Ma met with President-elect Donald Trump on Monday, Jan. 9, which both sides described as a positive meeting.
The Chinese government has lifted restrictions on foreign investment in sectors such as services, manufacturing and mining, to enhance the country’s competitiveness in the global market as well as attract foreign capital into the country.
The efforts of the People’s Bank of China (PBOC) to keep the yuan’s decline may further lead U.S. President-elect Donald Trump to punish China, which it had earlier accused of manipulating its currency, analysts said.
Xi Jinping will be the first sitting Chinese leader at the World Economic Forum’s annual event this month. The Chinese president plans to promote "inclusive globalization" in Davos.
With the recent issue on Trump’s handling of diplomatic relations with China, paired with the current economic situation, analysts say that a trade war will only result to both countries suffering in the end.
Cross-border online shopping is where individuals can buy goods abroad with lower taxes. This also allows consumers to have their purchases delivered right at their own doorstep.
Zhao Di, a human resources employee in Suzhou, was interviewed by the Global Times on a topic that concerns many Chinese: what makes employees stay in their jobs?
Global car manufacturers have recently posted their sales records, revealing an increase in the world’s largest markets. However, manufacturers and analysts alike warn about a possible slowdown in sales this year.
China’s burgeoning pension market, which has yet to undergo massive development, is currently facing problems over hitches in merging it with the Chinese medical system, as well as thinning government pension funds. Such looms amid the country’s increasingly aging society.
American Morgan Stanley and Swiss UBS are planning expansions in China, raising their stakes to 49 percent in separate joint venture deals. The two foreign banks committed to expanding their operations in the country.
There is no shortcut to achieving success, unless you are lucky enough to be born to take over an existing flourishing family business.
Nearly 50,000 vehicles made by German auto giant Volkswagen in China will be recalled starting next month due to brake design defects, the Economic Times said in a report.
