Wednesday, 27th, 2024 | 9:26PM Updated

Prospective buyers look at an estate plan by a local developer at a property exhibition in Shanghai.
New Restrictions on Property Purchases in Four Chinese Cities Imposed

New restrictions on property purchases were imposed by four Chinese cities as the government tries to curb the rising home prices caused by property speculators in second- and third-tier cities in the country, Reuters reported.

An employee counts Chinese one-hundred yuan banknotes at a currency exchange store in Hong Kong.
IMF Officially Includes Chinese Renminbi in SDR Basket of Currencies

The International Monetary Fund (IMF) has officially accepted the Chinese renminbi to be included in the bank’s group of Special Drawing Rights (SDR) currencies, the bank announced on Saturday, Oct. 1, according to an article published by foreignpolicy.com.

Simon Hu, president of Alibaba Cloud, speaks at the Computing Conference at National Convention Center on Aug. 9, 2016 in Beijing.
Alibaba Group Partnerships Highlighted at This Year's IBC Expo in Amsterdam

Alibaba Group’s partnerships with several well-known companies in the streaming sector were highlighted in the International Broadcasting Convention Expo (IBC Expo) held in Amsterdam last month, an article published in the streamingmedia.com said.

Indonesian President Joko Widodo shakes hands with Chinese President Xi Jinping during a visit.
Indonesian President Widodo Seeks Advice of Alibaba’s Jack Ma

President Joko Widodo seeks advice from e-commerce genius Jack Ma.

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Chinese boys look at their smartphone in front of their house next to a coal-fired power plant on Nov. 27, 2015, on the outskirts of Beijing, China.
China Seeks Stable Coal Prices with Increased Supply

China’s top economic planner said on Friday that the country’s coal price will stabilize and coal production increase soon.

Howard Schultz is Starbucks's CEO.
Starbucks to Recreate China’s Lost Tea Culture with Hip and Modern Flavors

Starbucks is seen to make profits in China by reintroducing the tea drinking tradition to the younger generation.

Corn harvested in Liaocheng.
China Is Ready for a Comeback in Corn Export: Sources

China approves the export of around 2 million tons of corn, trading sources, who are unauthorized to speak to the media, said on Friday.

The real estate market anticipates the increase of more property buyers from China.
China’s Real Estate Buyers Going Global; International Developers Anticipate Growth

More affluent Chinese are getting into the international real estate market.

An investor uses a mobile phone to look at stock information in a stock market in Huaibei, Anhui Province.
Investments by PE, VC in China’s Telecom, Media, Tech Hit New Record High in First Half

Investments made by private equity (PE) and venture capitalists (VC) in the telecommunications, media and technology (TMT) sectors have reached a new record high in the first half of the year and it is expected to continue in the second half, a report by PricewaterhouseCoopers (PwC) showed on Wednesday, Sept. 28.

Alibaba Group Holding Ltd.'s stock performance is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Alibaba Poised to Be the Next Facebook in Stock Market

Chinese e-commerce company Alibaba is poised to become the "next Facebook" in the stock market, according to financial news site Investor Place.

Wang Jianlin is concerned over the bubble problem in China's real estate market.
China’s Richest Man Fears Bursting of Real Estate Bubble

The richest man in China is afraid that the real estate bubble will soon burst.

Tencent's WeChat has more than 800 million users.
Businessmen in Shanghai to Take Advantage of E-commerce Boom in China

The American Chamber of Commerce and Industry in Shanghai discuss ways on how to make more money from China’s expanding online market.

Camel milk, which has a therapeutic value, poses a potential in the milk industry.
Camel Milk Brings a Young Businesswoman Huge Humps of Money

Six years after her bold venture into a fresh business, a young woman from Hebei is making huge humps of money out of camels.

Alipay is widening its global reach.
Alibaba’s Single's Day to Be a Great Success; Ant Financial Anticipates Bigger Sales

Jack Ma, Alibaba CEO, announced that Alibaba’s event, Single's Day, will be a record-breaking success.

Deputy Governor of the PBOC Hu Xiaolian and Deputy Governor of the Bank of England John Cunliffe shake hands after signing the MoU on renminbi clearing and settlement in London in March 2014.
Offshore Renminbi Continues Surge in London Amid Brexit Concerns

Despite concerns over Brexit, the activities of offshore yuan in London remain strong and active as latest figures from China’s Central Bank showed.

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