Marcel Woo | Apr 03, 2014 06:33 AM EDT
Alibaba founder Jack Ma is paying up to 3.29 billion Yuan (US$530million) for a controlling stake in a Shanghai-listed major financial software company, Hundsun Technologies. read more
Marcel Woo | Apr 03, 2014 04:21 AM EDT
Intel Capital, the global investment and merger & acquisitions arm of Intel Corp, said it has started US $100 million fund that it will use to invest in various gadgets and devices in China. read more
Marcel Woo | Apr 02, 2014 09:45 AM EDT
China's quality watchdog announced today that BMW, the world's luxury car maker, will recall a total of 232,097 cars in China through its China units BMW Brilliance Automotive and BMW China. read more
Hao Ren | Apr 01, 2014 11:59 PM EDT
A very slight increase of 0.10 to China's Purchasing manager's Index (PMI) from February to March is seen as a positive indicator on attaining the projected annual growth target of 7.5% for this year. read more
Hao Ren | Apr 01, 2014 11:58 PM EDT
The municipal government of Maoming in the southern region of Guangdong province is inclined not to approve the construction of a petrochemical plant if majority of the residents do not approve. read more
Dean M. Bernardo | Mar 31, 2014 11:16 PM EDT
Chinese President Xi Jinping called on the European Union through its council President, Herman Van Rompuy, to have the two become "partners for growth," through the offering of opportunities via the establishment of an investment treaty and a free trade pact. read more
Hao Ren | Mar 31, 2014 10:51 PM EDT
China's largest telecommunications equipment supplier and services firm, Shenzhen-based Huawei Technologies, reports a whooping 34 percent increase in profits last year with goals to double the profits by 2018. read more
Marcel Woo | Mar 31, 2014 09:57 PM EDT
Minimum wage for workers in Shanghai will be raised to 1,820 yuan or US$293 per month, the highest in mainland China, starting April, state media reported. read more
Marcel Woo | Mar 31, 2014 08:05 AM EDT
Chinese e-commerce giant Alibaba said it hopes to continue working with commercial banks in China even as the Industrial Commercial Bank of China (ICBC) restricted trade with Alipay last week. read more
Marcel Woo | Mar 31, 2014 08:03 AM EDT
The State Administration of Foreign Exchange (SAFE) said China's outstanding external debt, or foreign debt, reached US$863.2 billion at the end of 2013. read more
Hao Ren | Mar 30, 2014 10:09 PM EDT
China's real estate sector is showing signs of a major slowdown as several completed and on-going projects are slashing down prices. read more
Hao Ren | Mar 30, 2014 05:25 AM EDT
China and Germany on Saturday demonstrated how their growing economic ties can be pushed into a yet more dynamic era in the next five to ten years through the new Silk Road train line connecting Chongqing and Duisburg. read more
Hao Ren | Mar 29, 2014 11:41 PM EDT
The People's Bank of China (PBoC) has issued a guideline that will establish the process of creating a credit system to help small to micro-sized businesses and farming households gain access to needed capital. read more
Hao Ren | Mar 29, 2014 11:27 PM EDT
China launched its first ever commodities exchange center for rare-earth elements in Inner Mongolia in a bid to diffuse global perception on alleged monopoly on the elements. read more
Marcel Woo | Mar 29, 2014 11:49 AM EDT
The Industrial and Commercial Bank of China (ICBC), the largest bank by total assets and one of China's four major banks, beat a lower growth prediction by announcing a net profit of 263 billion yuan (US$42.3 billion) in 2013. 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