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August, 27, 2016

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China
Radical model to escape negative woes
When the Tokyo-headquartered Fujifilm Corp elevated Shigetaka Komori, 77, its CEO since June 2003 and group president since 2000, to chair-man in 2012, photographic products, the company's mainstay, were reeling from the digital onslaught.
 
A total of 23 provincial regions posted their GDP growth rates well above the national average of 6.7 percent in the first half of 2016, China Economic Net reports citing data from the National Bureau of Statistics.
 
UIBE in innovation push
China's focus on entrepreneurship is gaining momentum at universities, with students now founding an innovative food-and-beverage startup that is multipurpose in its scope.
 
Xiaomi eyes offline expansion
Chinese smartphone vendor Xiaomi Corp unveiled a new smartphone with China Mobile Communications Corp on Thursday, as the company steps up efforts to expand offline retailing channels.
 
Investment raid on soccer gathers pace
China's investment assault on European football has gathered further momentum as a Chinese takeover of Premier League club Hull City appears imminent and multiple investors have lodged inquiries over taking a stake in Liverpool FC.
 
As an important forum for cooperation among developed countries, emerging economies and developing countries, the G20 plays a key role in leading and advancing international economic cooperation, Xie Feng, the Chinese Ambassador to Indonesia, said in an article published on The Jakarta Post Wednesday.
 
China issued a regulation on Wednesday to toughen its control of peer-to-peer lending companies, thus cracking down on illegal fundraising activities through such platforms and preventing financial risks.
 
Despite the mainland's economic slowdown and increasing competition from local companies, most US businesses in China remain profitable and are optimistic about the market, according to the latest survey by the US-China Business Council.
 
China's private health insurance market will grow fivefold to 1.1 trillion yuan ($167 billion) by 2020, fueled by fast-growing demand from the emerging middle class, a report showed on Wednesday.
 
Social network Facebook would love
Alibaba Group Holding Ltd has tried to shake the perception that it's just the eBay Inc or Amazon.com Inc of China, by pushing into social media and entertainment and actively investing in startups like Snapchat Inc.
 
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