Thursday, 28th, 2024 | 12:34AM Updated

Toyota Motor Corp.'s new Prius hybrid car is displayed during its Japan launch event in Tokyo.
Environment-friendly Vehicle Sales Dip in 2016

Nielsen Holdings released a report indicating that the sales of new-energy vehicles (NEV) went down in the first half of 2016.

Aerial view of houses being flooded in Dongyun Village of Liqiao Town on July 7, 2016 in Xuancheng, Anhui Province of China.
Apple first U.S. company to lend helping hand to China flood victims, donates $1 million

Apple Inc. has donated $1 million to help millions in China overcome the distresses caused by the heavy flooding, following torrential rains in the Yangtze River region.

Employees work at the production line inside the Chery Jaguar Land Rover plant before the plant's opening ceremony in Changshu, Jiangsu Province.
Survey: Chinese Companies Most Corrupt Globally

Transparency International released survey results on Chinese corporations’ poor performance.

Boris Johnson, British politicia, journalist and historian, campaigned heavily for Britain's withdrawal from the EU.
Sino-EU Talks: High Level Leaders Discuss Market Access and Brexit

High ranking ministers and ambassadors talk about gaining market access and trade plans after Brexit.

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Tang Renjian's appointment comes as the urbanization in the country rapidly transforms agricultural land into industrial and residential areas.
Tang Renjian Now Part of China's Economic Inner Circle

Former Guangxi vice-chairman Tang Renjian is the latest to join the country's economic inner circle after he was named the deputy director of the General Office of the Central Leading Group for Financial and Economic Affairs, helmed by Chinese President Xi Jinping's right-hand man, Liu He.

Airbnb appears to be having a rough time in China.
Three Reasons Why Airbnb Is Struggling in China

Airbnb is struggling to exhaust the market potential of China due to its inability to adapt to the local culture, slow pace of expansion and regulatory issues.

Zhang will step in as the IMF's new deputy managing director on Aug. 22.
PBoC's Zhang Tao Named as IMF's Next Deputy Managing Director

Zhang Tao, the current deputy governor of the People's Bank of China (PBOC), has been selected to become the next deputy managing director of the International Monetary Fund (IMF), effective Aug. 22.

G20 ministers pledged to loosen trade globally.
G20 Deal: Ministers Agree to Cut Global Trade Costs

Trade ministers and bank governors of the Group of Twenty convened in Shanghai recently to discuss global trade policies.

AirAsia expands to North Asia.
AirAsia Eyes Dual Listing, Joint Venture to Expand in North Asia

Tony Fernandes, CEO of the budget carrier AirAsia, revealed on his Twitter account recently that the Malaysian airline is planning on making another listing in the Hong Kong Stock Exchange.

Red wine generally finds a place on the dining table during parties and other forms of celebrations, even on a regular dinnertime.
Affluent Millennials of China: New Generation of Wine Connoisseurs

Chinese millennials recently developed an interest on French and Chilean wine, based on the observation of Yin Yanling, an instructor of wine appreciation in Shenzen and Hong Kong.

Wal-Mart China introduces a new work hour scheduling system.
Workers Protesting Against Wal-Mart's New Work Scheduling System in China Return to Work

According to a Reuters report, workers protesting against Wal-Mart's new work scheduling system in China--believed to be devised to cut overtime pay--have recently returned to work.

Alibaba is China's leading e-commerce firm.
Investors Are Misunderstanding Alibaba's Additional Businesses: Oppenheimer

After attending Alibaba's investor day conference, Oppenheimer analysts have increased their confidence over the leading Chinese e-commerce firm, noting that other investors have been getting the company wrong, Yahoo Finance reported.

Retail sales of consumer goods in Beijing have exceeded 1 trillion yuan ($152 billion) in 2015, up 7.3 percent year on year, making Beijing China's biggest shopping city.
Chinese Brands Dominate the Consumer Market

More locally made fast moving consumer products (FMCP) are dominating the Chinese consumer market, according to a joint report submitted by Bain and Company and Kantar Worldpanel.

Customers leave a branch of Postal Savings Bank of China in Wuhan, Hebei Province.
China’s PSBC Plans $10B IPO as It Aims for Online Financial Services Boom

State-owned Postal Savings Bank of China (PSBC) is planning to make an up-to $10-billion initial public offering (IPO) as part of its effort to join and compete in the digital world, with assistance from its investors Ant Financial and Tencent Holdings.

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