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December, 8, 2016

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Business > Asia > China
China's biggest oil producer PetroChina's net profit plunged 97.9 percent in the first half of this year, it said Wednesday, as it struggled with a weak domestic economy and low oil prices.
 
China's biggest property firm Vanke on Monday blamed a takeover it is trying to fight off for worsening business conditions, even as it reported higher profits.
 
Claiming to be the world's largest building by floor space, the 1,760,000 square meters of the New Century Global Center are a monument to growing Chinese consumer power, packed with shoppers -- and beach bathers a thousand kilometers from the coast.
 
China's central government has approved plans to link trading between the Shenzhen stock exchange and the Hong Kong market, it said Tuesday, paving the way for the long-awaited reform.
 
Nepalis flocking to annual haat bazaars in Tibet
Chinese traders have set up annual haat bazaars on the Tibetan side of Hyajimar-Mugu and Kyatochhongra-Dolpa border points.
 
Mainland China retail sales growth slows in July
Mainland China's retail sales growth slowed sharply in July, statistics showed Friday, missing expectations in a disappointing sign for the world's second-largest economy as the mainland China authorities look to consumer demand to push growth.
 
A coalition of 46 business groups from the United States, Europe and Asia has appealed to mainland China to change proposed cybersecurity rules they warn will harm trade and isolate the country.
 
Lessons to be learned from the Uber-Didi saga
The Uber-Didi denouement offers some lessons for Hong Kong technology policy and strategy.
 
China's economy, the world's second largest, struggled in July with a worse-than-expected trade performance as imports plunged 12.5 percent year-on-year, Customs said Monday.
 
China's manufacturing shrank in July, the government said Monday, blaming the deterioration on rainstorms that wreaked havoc across large swathes of the country.
 
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