12/22/2024 07:32:02 am
12/22/2024 07:32:02 am
Steve M.C. | Jan 10, 2017 08:08 PM EST
Producer prices in the Chinese market for coal and raw materials, hit a whole new high in December 2016, the highest record since 2011 thus signaling economic stabilization. read more
Desiree Sison | Jan 10, 2017 03:52 AM EST
Alibaba Group Holdings founder Jack Ma has offered to create an estimated one million jobs for American workers through its e-commerce and online shopping platforms during his meeting with US president-elect Donald Trump on Monday. read more
Ellie Froilan | Jan 10, 2017 02:49 AM EST
Didi Chuxing is expanding its business to South America with $100 million investment into Brazil-based taxi aggregator 99. read more
Ellie Froilan | Jan 09, 2017 10:53 PM EST
Alibaba has announced its offering of privatization to the leading Chinese department store operator Intime Retail to deepen its integration to various stores. read more
Steve M.C. | Jan 09, 2017 08:17 PM EST
Fast food guru McDonald's sold a great number of its market shares in China to two other firms, in a bid to expand its presence in the Chinese market. The deal that was announced on Monday was valued at $2.1 billion and highlighted Hong Kong's CITIC Capital and US Carlyle Group as the main investors. read more
S. Rina | Jan 09, 2017 09:25 AM EST
Bitcoin showed a deep plunge in its value as Chinese central bank raised concerns about the use of cryptocurrency. The drop in the value succeeded the meteoric increase in the value of the currency in the past two weeks. read more
S. Rina | Jan 09, 2017 07:38 AM EST
Chinese vice finance minister Zhu Guangyao expressed his belief that China is confident of having reached Its set target of 6.7 percent economic growth rate in 2016. During the first three quarters of the year, the domestic economy grew at a steady 6.7 percent pace. read more
Ellie Froilan | Jan 09, 2017 12:55 AM EST
Baidu Inc.'s Intelligent Vehicle division and state-owned BAIC Motor Corporation Ltd. have announced a two-fold strategic partnership at CES 2017 in order to develop self-driving technology and expand the smart vehicle sector. read more
Charissa Echavez | Jan 08, 2017 01:44 AM EST
Volkswagen will call back 49,480 vehicles in China starting Feb. 6 due to brake design defects, the country's quality watchdog announced on Tuesday. read more
Girish Shetti | Jan 07, 2017 11:29 AM EST
China's foreign exchange reserves continued its downslide in December as it declined for straight six months to hit a five year low. However, the Chinese government can take respite in the fact that the decline was less than what most analysts had expected. read more
Desiree Sison | Jan 07, 2017 03:58 AM EST
In anticipation of the upcoming inauguration of US President-elect Donald Trump on January 20, China has been working on strategies that will help deal with any potential trade disputes with the US that could possibly arise after Trump is sworn it as the US' 45th president. read more
Girish Shetti | Jan 07, 2017 02:41 AM EST
SAIC HK - a subsidiary of China's largest auto maker Shanghai Automotive Industry Corporation (SAIC) - has submitted a proposal to acquire assets of General Motors' (GM) manufacturing unit in Indian state of Gujarat. read more
Theena Ocay | Jan 07, 2017 02:36 AM EST
Two of the largest credit bureaus in the US have agreed to settle more than $23 million of fines and reimbursements without admitting or denying the Consumer Financial Protection Bureau's findings. read more
Charissa Echavez | Jan 06, 2017 07:48 AM EST
Chinese telecommunication firm ZTE will reportedly be shedding about 3,000 jobs, including a fifth of positions on its grappling smartphone business in China, company insiders with knowledge about the matter told Reuters. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
