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September, 27, 2016

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China > Business
Renminbi use surges in London in spite of Brexit
London's offshore yuan activities continue to surge despite Brexit uncertainties, according to the latest figures from China's central bank.
 
Fitness, driver of consumer market
Saturday mornings appear to be ideal for fitness-crazy Shanghai groups to have fun in the form of dance-like workouts outdoors.
 
The appetite of China's wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare for the next financial crisis. Global fund managers are urging caution.
 
China to build first homemade luxury cruise in Shanghai
The first batch of homemade luxury cruise vessels will be built at the shipyard of Shanghai Waigaoqiao Shipbuilding and the first delivery is expected in 2022, the China News Service reports.
 
Top 10 iOS game publishers in Q2
Chinese web behemoths Tencent Holdings Ltd and NetEase Inc are among the most profitable mobile gaming vendors in the country, said a survey released by iResearch Consulting Group.
 
China's private companies have taken the lead over State-owned enterprises in the country's surging outbound investment for the first time, a government report said on Thursday.
 
First national gene bank opens
National GeneBank, the country's first national gene bank, was officially put into use on Thursday. The complex is expected to offer strong support to the development of the genetics industry.
 
State Administration of Foreign Exchange (SAFE)supports Chinese enterprises' "real and reasonable" overseas mergers and acquisitions, said a senior official of SAFE during the administration's news briefing on Thursday.
 
Chinese authorities on Thursday announced the conditional lifting of a 13-year import ban on some US boneless beef and beef on the bone.
 
Baidu set to lose leading role in digital advertising
Online search giant Baidu Inc is set to lose its top spot in the nation's booming digital advertising market this year to its rival Alibaba Group Holding Ltd, according to a report from London-based market research firm eMarketer.
 
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