Business

Shanghai Stocks Hit Seven-Year High; Japan Passes China as Largest Foreign T-Bill Owner

Michael A. Katz   | Apr 17, 2015 07:33 PM EDT

The benchmark Shanghai Composite Index rose 2.2 percent to close at 4,287.3 points today, as stocks climbed to their highest levels in seven years. read more

Shanghai Proposes Tax Refund for Foreign Shoppers

Michael A. Katz   | Apr 16, 2015 02:32 PM EDT

Shanghai has proposed offering a tax refund to foreign tourists who spend more than 500 yuan, or $80, at designated shops in the city starting later this year. read more

China’s Ninebot Buys Segway with Help From Xiaomi

Michael A. Katz   | Apr 15, 2015 11:34 PM EDT

China-based Ninebot Inc. has bought out Segway Inc., the maker of the eponymous two-wheeled, electric-powered vehicle for one. read more

China’s Economy Slows Down in First Quarter

Michael A. Katz   | Apr 15, 2015 09:47 PM EDT

China's economy slowed to 7 percent growth in the first quarter of 2015, from 7.3 percent in the fourth quarter, according to the country's National Bureau of Statistics (NBS). read more

KFC To Compete With Starbucks In China

Geann Pineda   | Apr 15, 2015 11:54 PM EDT

KFC will be selling premium coffee this year in some 2,500 stores in China in a bid to become a cheaper alternative to Starbucks. read more

CEO Dan Price Decreases Own Pay From US$1Million To US$70K To Benefit Company

Dino Lirios   | Apr 15, 2015 03:18 AM EDT

Dan Price, CEO of credit card payments company Gravity Payments, thinks that what passes for executive pay today is way too much. He has opted to reduce his salary and create a minimum salary for workers. And he is fine with it. read more

Tencent Surpasses Mighty Amazon in Size

Michael A. Katz   | Apr 14, 2015 07:57 PM EDT

Chinese Internet giant Tencent has topped $200 billion in market capitalization for the first time, surpassing entrenched U.S. tech companies Amazon, IBM and Oracle in size. read more

China's Foreign Trade Falls 6% During First Quarter

Michael A. Katz   | Apr 13, 2015 03:55 PM EDT

China's foreign trade volume fell by 6 percent during the first quarter of 2015, according to official data from the Chinese government. read more

China Moves Toward Robotic Workforce Displacing Thousands of Workers

Dino Lirios   | Apr 11, 2015 08:16 AM EDT

In the foreseeable future, China looks to fill out its workforce with robots, displacing Chinese workers. read more

Alibaba Launches Automotive, 'Smart Living' Units

Michael A. Katz   | Apr 10, 2015 03:35 PM EDT

China's Alibaba Group has launched an automotive unit and a "smart living" division in the past week. read more

China’s Blood Market Gives Warburg Pincus US$1B Windfall

Vittorio Hernandez   | Apr 09, 2015 11:52 PM EDT

As China continues its national efforts to be known for manufacturer and provider of high-quality products and services, Beijing introduced stricter standards across various industries including the blood market. read more

McDonald's To Serve Bigger, Better $5 Burger To Ramp Up Sales

Geann Pineda   | Apr 09, 2015 07:11 AM EDT

A bigger, one-third pound burger is about to join McDonald's menu, in the company's non-stop bid to attract more customers amid sagging sales. read more

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