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July, 28, 2016

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China > Business
Mainland China's imports and exports both fell at a faster rate in June, official data showed Wednesday, in the latest poor indicator for the world's second-largest economy.
 
Vanke planning big purchase from Blackstone, triggering new speculation
China Vanke Co Ltd, the country's largest residential developer, and its partners are planning to acquire a commercial property unit from US firm Blackstone Group LP, triggering speculation about whether the move is linked with the current power struggle within the developer.
 
Li says he's confident of steady growth
Stable macroeconomic policies will boost the structural transformations and domestic demands that are now pillars of China's economy, Premier Li Keqiang said at a State Council meeting on Monday.
 
G20 trade ministers agree to tackle global steel overcapacity
G20 trade ministers reached an agreement on Sunday to tackle steel overcapacity, according to Gao Hucheng, China's commerce minister.
 
Kobe Bryant to star in Ele.me's ad
A video advertisement featuring retired NBA star Kobe Bryant as a ping-pong player and his coach using food ordered on Ele.me to encourage him to beat his competition is expected to go live across China from today.
 
A gray robot with a strange shape attracts the attention of insiders from the robotics industry.
 
China's economic growth rate decreased to 6.7 percent in the first three months this year, which would lead to an expected further fall in the second quarter of this year, Jia Kang, director of the China Academy of New Supply-side Economics said on Sunday.
 
The 2016 World Robot Conference will be held in Beijing from October 21 - 25.
 
G20 trade ministers agree to tackle global steel overcapacity
G20 trade ministers reached an agreement on Sunday to tackle steel overcapacity, according to Gao Hucheng, China's commerce minister.
 
Beijing bus commuters to enjoy free Wi-Fi service by September
Beijing's phubbers who are addicted to using smartphones on public transport will welcome the addition of free onboard Wi-Fi service coming to most of the capital's buses this fall.
 
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