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June, 26, 2016

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China > Business
Soil pollution would be under control in no more than 15 years under a bold new plan tipped to inject trillions of yuan into the Chinese economy.
 
Lenovo Group Ltd unveiled its latest smartphone on Tuesday, the ZUK Z2, which it hopes will rejuvenate sluggish sales and return it to the top tier of phone makers within two years.
 
US retailer Wal-Mart seeks to lure Chinese through localization
Zhong Guoyan sifted through piles of fish at a Wal-Mart in Shenzhen, one of China's largest cities. She studied the fins, to make sure they were bright red and firm. She peered at the eyeballs -- were they bulging?
 
AIIB will have 100 countries as members by year-end: Jin Liqun
The Asian Infrastructure Investment Bank (AIIB) will grow its membership to nearly 100 countries and regions by the end of the year, making it a truly international financial institution with the mission of promoting multilateral benefits for all members, AIIB President Jin Liqun said on Tuesday.
 
Chinese stocks surge on back of MSCI rumors
China's stocks jumped the most in two months on Tuesday as investors bet that MSCI will add mainland shares to its index for the first time next month and Chinese top leaders' speech on Monday boosted their confidence.
 
Big cities in China remain hugely magnetic to big companies, but analysts worry they may gradually lose luster as "urban diseases" surface, the National Business Daily reported on Tuesday.
 
Major tech companies to 'stay based in Shenzhen', mayor says
Shenzhen's top government official has challenged claims that a number of top technology firms were ready to move their headquarters out of the booming southern metropolis.
 
Transformation of steel industry turns tricky
Wang Zhengqiang, 52, retired eight years early during a layoff at a steel mill in Tangshan, North China's Hebei province.
 
When investors place their bets in the A-share market this week, one of the key factors they would weigh is the progress of the reform and restructuring of the country's loss-making State-owned enterprises, analysts said.
 
Leading European economists have urged the European Union not to go overboard on protectionist measures against China's competitive steel exports, warning that escalated anti-dumping moves may lead to retaliation from Beijing and damage the bilateral relationship.
 
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