Business

China Can Sustain More Growth in the Next Five Years

Hao Ren   | Apr 10, 2014 10:49 AM EDT

The Vice Chair of this year's Boao Forum for Asia, Zeng Paiyan, assured delegates that China's economy is resilient and its economic growth can be sustained in the next five years. read more

China Exports Slower by 6.5% in March

Dean M. Bernardo   | Apr 10, 2014 09:38 AM EDT

China's General Administration for Customs (GAC) released the March 2014 export and import performance indicating a slow down and trade surplus for China. read more

China's Premier Li Prods Australia to Hasten Free Trade

Dean M. Bernardo   | Apr 09, 2014 12:07 PM EDT

Chinese Premier Li Keqiang called on Australia to become practical and pursue mutually agreed concessions in breaking the deadlock over free trade negotiations. read more

Baidu’s Qunar Reportedly in Talks with Ctrip for Merger

Qi Qin   | Apr 09, 2014 10:02 AM EDT

Two online travel agencies, Qunar.com of Baidu and Ctrip.com International, Ltd., are discussing a possible merger, according to Bloomberg News which quoted informed sources on Tuesday. read more

China's Automobile Sales up by 9% at End of First Quarter

Hao Ren   | Apr 09, 2014 07:54 AM EDT

Automobile sales in China increased by 9.5% at the close of the January to March sales period when consumers took advantage of the lower prices of current stocks ahead of the release of new models during the annual car show in Beijing. read more

China and Timor Leste Ink Economic & Tourism Deals

Hao Ren   | Apr 09, 2014 07:40 AM EDT

Chinese Premier Li Keqiang formally welcomed Timor Leste's Premier, Jose Alexandre Xanana Gusmao, in the city of Sanya in Hainan province early Wednesday morning, marking the opening of closer ties between China and Asia's youngest independent nation. read more

Small Chinese Firms to Get Tax Discounts

Marcel Woo   | Apr 09, 2014 05:49 AM EDT

The Ministry of Finance (MOF) said the Chinese government feels the burden of the country's small firms, prompting it to lower taxes for businesses with an annual taxable income of not more than 100,000 yuan (US$16,100). read more

Bacon Prices Rise as US Pork Production Threatened by Deadly Virus

Dean M. Bernardo   | Apr 09, 2014 03:41 AM EDT

An unknown deadly virus that has been claiming the lives of close to millions of piglet stocks in the United States without means to prevent its spread is threatening to raise the prices of bacon across the continent. read more

China to Import More US Farm Goods in 2014

Dean M. Bernardo   | Apr 09, 2014 02:06 AM EDT

China's demand for agricultural products like meat, corn and soybeans is expected to grow in 2014 and it intends to import more of these farms products from the United States. read more

US Prods China on Currency Policies

Hao Ren   | Apr 08, 2014 04:59 AM EDT

The United States has issued a warning to Beijing on rising "serious concerns" that the recent depreciation of the Chinese yuan may signal a shift away from an exchange rate determined by market forces. read more

China Issues New Stocks Information Plan

Hao Ren   | Apr 07, 2014 08:45 PM EDT

In an anticipated bid to introduce a new type of stocks in the market, the China Securities Regulatory Commission (CSRC) released a new guideline in the disclosure of information for 'preferred stocks.' read more

World Bank Cuts China Growth Forecast

Marcel Woo   | Apr 07, 2014 09:09 AM EDT

Washington-based development bank, World Bank, has lowered its growth forecast for China as it noticed a slowdown in production and exports during the first two months of this year. read more

Swiss Firm ABB to Invest US $300 Million in Xiamen

Marcel Woo   | Apr 07, 2014 09:06 AM EDT

Swiss engineering group ABB, one of the largest in the world, has announced plans to invest up to US$300 million in Xiamen over the next five years. read more

GSK Continues Probing China Employees

Marcel Woo   | Apr 04, 2014 10:29 AM EDT

GlaxoSmithKline (GSK), the British pharmaceutical giant, said that it continues to investigate employees in China in relation to allegations of bribery, and vows to impose penalties to those who will be found breaking company rules. read more

China Unveils Economic Stimulus Package

Desiree Q. Sison   | Apr 03, 2014 03:00 AM EDT

China has unveiled a fresh round of measures to prop up the slowing economy and at the same time create more jobs for the Chinese people. read more

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