China will raise its defense budget by about 7 percent this year, a government spokeswoman said Saturday, continuing a trend of lowered growth amid a slowing economy despite regional tensions over the South China Sea and other issues.
Disrupted by the wave of digital transformation coursing through industry, gone are the days when public relations professionals could solely focus on helping a client navigate a steady course within a predictable set of known business challenges.
Hershey Co, the biggest chocolate maker in North America, will cut about 2,700 jobs from its global work force because of declining overseas sales, especially in China where its 2013 purchase of Shanghai Golden Monkey (SGM) has turned out to be more of a problem than a business builder.
Strengthening relations with Beijing is vital for the British capital, amid the uncertainty of Brexit, said the Lord Mayor of the City of London following his visit to China.
A growing taste for meat, dairy, beer and "afternoon tea" products among Chinese consumers contributed to a 51 percent increase in British food and drink exports to China in 2016, making it the United Kingdom's fastest growing market.
Philippine President Rodrigo Duterte's campaign to bring back the death penalty for drug-related crimes has cleared a major hurdle, with supporters backing it in congress but critics denouncing the planned killings as "inhumane".
In a quiet street in western Beijing stands a building, not new, not tall, not clad in fancy glass common to modern high-rise office towers. In fact, the building is so ordinary looking that you would barely notice it when passing by.
Lawyer Cheng Hai has a list of compensation demands from Beijing authorities over the city's smog: 65 yuan (US$9) for having to buy face masks, 100 yuan (US$15) for seeing a doctor for a sore throat and 9,999 yuan (US$1,500) for emotional distress.
China's outbound mergers and acquisitions are likely to decline slightly this year, due to the changing global environment, experts said.
China does not intend to introduce a "flood irrigation" type of strong stimulus plan and should avoid new excessive capacities and redundant construction projects, said a senior official of the country's top economic planner.