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May, 5, 2016

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China > Business
College students born in the 1990s have no lack of experience in investing in the financial market, but the group as a whole is in need of better financial education, according to a new survey.
 
Content building to become market entry point in VR industry
Countless virtual reality (VR) headsets have appeared in the country overnight, vying for attention, while China's burgeoning market has not yet to mature when it comes to tech bottlenecks, such as resolution, refresh rate and latency of the display, and more importantly, the content.
 
Space engineers eye industrial robot space
Chinese space engineers are taking advantage of their expertise to develop a large family of industrial robots in the hope of grabbing a share of the huge Chinese market.
 
Mainland China's central bank on Wednesday fixed the yuan currency nearly 0.60 percent weaker against the U.S. dollar, according to the national foreign exchange market, the biggest downward move since devaluing the unit in August last year.
 
Tax fog boggles property developers
In late April, Greenland Group, one of the largest developers in China, forwarded its staff a plan, proposed by a consultancy, to cope with the new 11 percent value-added tax or VAT, which is higher than the 5 percent business tax.
 
LeEco 'to snap up prime real estate from Yahoo'
Tech giant Yahoo Inc has reached a deal to sell a 20-hectare undeveloped site in Santa Clara, California, near the heart of Silicon Valley and 6 kilometers from the company's Sunnyvale headquarters, to Chinese internet company LeEco Holdings Ltd, according to the Silicon Valley Business Journal.
 
Chinese outbound real estate investment continued to grow with the support of policies like the Belt and Road Initiative, reaching nearly $30 billion in 2015 and doubling that of 2014, a report by the global property consultancy Knight Frank said.
 
China's growing appetite for e-commerce and mobile payments is offering an expansion opportunity to Hongda Hi-tech Group Co Ltd, one of the largest domestic firms that develop biometric verification technologies.
 
Global smartphones see smallest growth in first quarter
The shipments of smartphones worldwide in the first quarter marked the smallest year-on-year growth on record, and Chinese smartphone makers Oppo Electronics Corp and Vivo Mobile Communication Technology Co Ltd pushed out previous fourth and fifth place players Lenovo Group Ltd and Xiaomi Corp, a report said.
 
Chinese Internet giant Baidu Inc announced its "DU+ Plan" of supporting domestic mobile Internet developers to make profits overseas, vowing to push Chinese developers to a higher level and expand overseas, said Hu Yong, general manager of Baidu's international product department on Tuesday in Beijing.
 
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