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August, 25, 2016

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China
Guangdong has overtaken Beijing in the number of ultra-rich individuals, according to a latest report released on August 15.
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Artworks get a dose of reality
The ongoing supply-side reform has injected a much-needed dose of reality into China's hyped-up artwork market, experts said.
 
Sony China seeks local synergy
Led by Hiroshi Takahashi, it is rolling up its digital sleeves to vie with LeTV and Xiaomi
 
China will propose a joint initiative to revive weak global growth at next month's meeting of leaders of Group of 20 major economies amid rising protectionist sentiment in the United States and Europe, officials said Monday.
 
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.
 
Land prices going higher in 2nd half
Surging land prices in major cities will probably squeeze real estate developers' profit margins in the second half of the year, said industry analysts on Wednesday.
 
China's central bank is expected to choose a Chinese lender to clear yuan transactions in the United Arab Emirates by the end of this year, which would strengthen the growing economic ties between China and the Middle East, Reuters reports.
 
British banker back in court over Hong Kong double murder
A British banker accused of murdering two Indonesian women who were found mutilated in his upscale Hong Kong apartment appeared at the High Court Thursday, ahead of his October trial.
 
A way to help develop a multilateral trading system, promote green financing and build a global e-commerce platform-a proposed electronic world trade platform, or eWTP-is the main initiative of a policy advice report going to the G20 summit to be held in Hangzhou next month, said China's B20's chief representative on Wednesday.
 
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