Wednesday, July 29, 2015
Asian markets mostly fell again Tuesday, with Shanghai seeing another round of wild volatility a day after its heaviest one-day loss in more than eight years.
Tuesday, July 28, 2015
Shanghai stocks plummeted 8.48 percent on Monday, their biggest fall for more than eight years and defying government efforts to prop up the market as investors worry such support may not last and prospects for the broader economy dim.
Mainland China is lifting its ban on sales of video game consoles to promote the industry and a new manufacturing zone in Shanghai.
Wednesday, July 22, 2015
A new US$100 billion international bank dedicated to the emerging BRICS countries opened in China's commercial hub Shanghai on Tuesday, officials said, as an alternative to other multilateral lenders.2 Comments
Foreign investment into China rose 8.0 percent in the first half of this year as mergers and acquisitions by overseas companies more than quadrupled in value, the commerce ministry said Tuesday.
Chinese budget carrier Spring Airlines said it plans to buy 21 Airbus A320 planes for 12.45 billion yuan (US$2.04 billion), citing growth in both international and domestic air travel.
The Chinese arm of Dutch electronics giant Philips is being sued by an official government villa in Beijing over alleged false advertising of air purifiers, a court said Tuesday.1 Comment
Saturday, July 18, 2015
World Bank president Jim Yong Kim denied Friday that his organization had been pressured by China to remove criticism of the country's financial system from a report.
The Chinese joint venture between Fiat Chrysler Automobiles and the Guangzhou Automobile Group has announced plans to create a news sales company as it expands its SUV production in China.
Thursday, July 16, 2015
China's GDP expanded 7.0 percent year-on-year in the second quarter, official data showed Wednesday, beating expectations as months of central bank policy stimulus helped support the world's second-largest economy.