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June, 30, 2016

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China > Business
China's local consumer brands gain more market share
The growth rate in the value of fast-moving consumer goods in China reached a five-year low of 3.5 percent in 2015, according to an industry report.
 
The chief executives of China-headquartered companies are prioritising innovation to drive growth and have highlighted it as one of their top strategic priorities, ahead of their global counterparts, a KPMG report reveals.
 
Real estate bubble bursting a big risk: CASS
The economic growth rate in the second quarter stood at 6.7 percent, which is consistent with the first quarter, according to a report by the National Academy of Economic Strategy and the Chinese Academy of Social Sciences (CASS).
 
Haier to be innovation platform for corporate cultures to coexist
Zhang Ruimin, chairman of Haier Group, said China's largest maker of home appliances will continue to be the platform where different cultures could coexist, thrive and contribute creative inputs for innovation in the industry, in line with the government's current emphasis.
 
1st made-in-China jet on maiden commercial flight
The first regional jet produced in China's initiative to compete in the commercial aircraft market made its debut flight Tuesday carrying 70 passengers.
 
China Minsheng Investment's big push into aviation
China Minsheng Investment Group, the country's largest private investment conglomerate, is investing aggressively in China's burgeoning general aviation sector.
 
'Policy tools can meet challenges'
China will continue to push innovation to foster new growth engines and the government has ample policy tools to respond to challenges, Premier Li Keqiang said on Monday.
 
The 4th Industrial Revolution & the Global Internet of Things Innovation Summit of Chinese economic and Trade Cooperation Organization summit was held at Diaoyutai State Guest House in Beijing on June 28.
 
New China Life to reshuffle its business
New China Life Insurance Co Ltd (NCL), the country's third-largest life insurer, is reshuffling its business portfolio to focus on protection-oriented products and boost the proportion of regular premiums, the company's top management said on Tuesday.
 
Xiaomi to open 1,000 experience stores and emerge as 'Muji in tech sector'
Smartphone vendor Xiaomi Corp said on Monday it plans to open 1,000 offline experience stores over the next three to four years and continue to expand its product portfolio.
 
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