Monday, February 2, 2015
Famed for his sharp business acumen and knack for perfectly timed investments, Hong Kong billionaire Li Ka-shing is shifting away from a slowing Chinese economy and bargain hunting in Europe.
A pilot program for cross-border foreign exchange payments will be expanded to support the development of cross-border e-commerce and limit the risks associated with online payments involving foreign currencies, the State Administration of Foreign Exchange announced on Thursday.
Sunday, February 1, 2015
China's housing prices rose in January for the first time in nine months, a survey showed Saturday, breaking a decline that has weighed on growth in the world's second-largest economy.
Thursday, January 29, 2015
Chinese regulators accused e-commerce giant Alibaba of permitting sales of fake goods and hurting consumers in a report that was withheld until now to avoid disrupting the company's U.S. stock market debut.1 Comment
China's yuan has become the world's fifth most widely used payment currency, with the value of cross-border deals settled in it more than doubling in 2014, data from transactions organization SWIFT showed Wednesday.
Tuesday, January 27, 2015
Despite declining smartphone shipments by Samsung Electronics Co, which still accounted for the most smartphones running on the Android operating system last year, those using systems developed by Google Inc. are expected to see their market share grow at a double-digit pace in 2015, thanks to the rise of Chinese device makers.
With the proliferation of smartphones in China, the competition in mobile phone security applications has become equally fierce, revealing a growing disparity among many rival products.
Saturday, January 24, 2015
Chinese manufacturing activity picked up marginally in January but still contracted, a closely watched gauge indicated Friday, as growth in the world's number two economy slows down.
Friday, January 23, 2015
China's Premier Li Keqiang sought Wednesday to allay fears over the Asian giant's growth outlook, telling business and government elites gathered in Davos that the economy is not heading for a sharp slowdown.
Thursday, January 22, 2015
China's e-commerce boomed in 2014 with transactions reaching around 13 trillion yuan (US$2.09 trillion), the government said Wednesday, as Beijing looks online for new drivers of growth.