Thursday, July 30, 2015
General Motors Co.'s US$5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth.
A Beijing court has dismissed a trademark case brought by U.S. basketball superstar Michael Jordan against a company using a similar name and logo to his Nike-produced brand, a report said.
Wednesday, July 29, 2015
Chinese shares sank Tuesday, a day after Shanghai's steepest one-day slide in eight years, defying renewed government vows of support that analysts warned were not enough to soothe nervous investors.
Asian markets mostly fell again Tuesday, with Shanghai seeing another round of wild volatility a day after its heaviest one-day loss in more than eight years.
Saturday, July 25, 2015
A key gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, throwing a pall over growth in the world's second-largest economy.
Wednesday, July 22, 2015
A new US$100 billion international bank dedicated to the emerging BRICS countries opened in China's commercial hub Shanghai on Tuesday, officials said, as an alternative to other multilateral lenders.2 Comments
Chinese budget carrier Spring Airlines said it plans to buy 21 Airbus A320 planes for 12.45 billion yuan (US$2.04 billion), citing growth in both international and domestic air travel.
The Chinese arm of Dutch electronics giant Philips is being sued by an official government villa in Beijing over alleged false advertising of air purifiers, a court said Tuesday.1 Comment
Wednesday, July 15, 2015
China's property market is warming up again in first-tier cities.
China's Communist government has averted a stock market crash -- for now -- but it will take the world's second-largest economy longer to repair tarnished reform credentials and investment sentiment battered by its heavy-handed intervention.