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December, 4, 2016

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China > Business
A chance to relive simpler time
When visitors flock to the tourism hot spot Wuzhen and ask locals for their "best-kept secret", the answer they may hear is "Hongshancun", a leisure getaway about 20 minutes outside town.
 
The top economic planner has approved five railway projects with a total investment of close to 200 billion yuan ($29.23 billion) so far this month, China Business News reported.
 
Steel industry to focus on high quality products
Foreign companies will be encouraged to participate in the reorganization of Chinese steel companies, under a plan to cut crude steel production released by the Ministry of Industry and Information Technology.
 
Local firms use M&A route in German move
More Chinese companies are using mergers and acquisitions of German ventures to grow their markets in Europe, while the German groups for their part are attracted by the prospect of making moves into the booming Chinese market.
 
With advancement in technology, drones are likely to be used in greater numbers in mineral exploration, traffic administration, disaster surveillance and agriculture. This means that a license has become a necessity to operate them.
 
Chinese hackers clean up at PwnFest contest
Chinese cyber security contestants from Qihoo 360 were crowned "Lords of Pwn" at last week's PwnFest in South Korea.
 
Mainland Chinese online shoppers spend billions on Singles' Day
In a bright spot for China's cooling economy, online shoppers spent billions of dollars Friday on "Singles' Day," a quirky holiday that has grown into the world's busiest day for e-commerce.
 
China weakened the yuan's reference rate to beyond 6.8 to the dollar for the first time in more than six years Friday as the greenback rebounded strongly, with analysts warning the unit could drop further.
 
All eyes on HK as Alibaba offers big promotions
Mainland e-commerce giant Alibaba Group Holding Ltd said it is attaching great importance to the Hong Kong market this year.
 
Chinese internet companies face a new reality after Donald Trump's surprise victory as US president-elect´╝Źand Alibaba Group Holding Ltd has the most to lose.
 
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