Business

China, France Seal 18 Billion Euro Deal

Dean M. Bernardo   | Mar 29, 2014 07:40 AM EDT

The three day visit of Chinese President Xi Jinping to France yielded business deals amounting to US$ 25 Billion (155.5 Billion yuan), primarily in the aviation and automotive industries. read more

China’s Central Bank Blocks Bitcoin Trade

Hao Ren   | Mar 29, 2014 07:38 AM EDT

The People's Bank of China (PBoC) has issued a new guideline to all banking and financial institutions to cease and desist from using and engaging in the trade of bitcoins. read more

GM to Stop Selling Opel Cars in China

Marcel Woo   | Mar 29, 2014 07:39 AM EDT

American car manufacturer General Motors Co announced that it has decided to pull out its Opel unit from the Chinese market starting next January. read more

Alibaba Introduces New Investment Program Amid Battle with Traditional Banks

Dean M. Bernardo   | Mar 28, 2014 12:06 AM EDT

China's leading e-commerce company Alibaba has introduced yet another new fund management program amid the seemingly endless round of obstacles being thrown its way by state-owned financial institutions. read more

To Calm Depositors, Banks in Yancheng Display Cash Piles

Marcel Woo   | Mar 27, 2014 11:04 AM EDT

If only to assure depositors that their deposits are still intact and the banks are not running out of cash, rural banks in Yancheng city displayed stacked piles of cash in plain view. read more

China, Airbus Ink US$10-Billion Jets Purchase Deal

Marcel Woo   | Mar 27, 2014 06:25 AM EDT

China has officially signed a deal with Airbus for the purchase of 70 jets valued at more than US$10 billion, further strengthening the relationship between the Chinese government and the French aircraft manufacturer. read more

China Regrets WTO Ruling on Rare-Earth Exports

Dean M. Bernardo   | Mar 26, 2014 10:55 PM EDT

China's measures to conserve and preserve its rare-earth resources from excessive export and potential environmental abuse was thumbed down by the World Trade Organization (WTO), calling it a violation of international trade law. read more

Chinese Demand for Persian Carpets and Tapestry hits US$ 3 Billion

Hao Ren   | Mar 26, 2014 10:46 PM EDT

The rise in affluence and purchasing power of Chinese consumers is opening a premium market for various Persian tapestries and carpets. read more

China Tightens Control on Direct Selling

Ying Zhin   | Mar 26, 2014 09:18 AM EDT

China's Ministry of Commerce is stepping up its supervision and regulation of the direct selling market and said it will be stricter on the entry of new companies that engage in direct selling. read more

New Energy Cars Take a Stab at China’s Automobile Market

Ying Zhin   | Mar 25, 2014 12:36 PM EDT

As China battles another round of smog this week, people are getting more receptive to eco-friendly solutions to the recurring haze, like the new energy automobiles. read more

China's Little Sheep Launches Remodeled Restaurant in Guangdong

Marcel Woo   | Mar 25, 2014 11:32 AM EDT

Little Sheep Group, the Chinese operator of hot pot restaurants that was acquired by US-based Yum Group, has launched its first remodeled restaurant in China's Dongguan, Guangdong Province. read more

Top China Banks Set to Report Slowest Profit Since 2008

Marcel Woo   | Mar 25, 2014 10:42 AM EDT

China's top banks, also called the Big Four, are expected to report the slowest profit growth since the financial crisis of 2008 due to bad loans and stiff competitions, a Bloomberg survey predicted. read more

Walmart Closes Five Stores in China

Ying Zhin   | Mar 25, 2014 09:43 AM EDT

Five Walmart Stores in China will be closing this month due to poor performance. read more

Chinese and Dutch Governments Forge Stronger Bilateral Cooperation

Ying Zhin   | Mar 24, 2014 09:15 AM EDT

China and the Netherlands have agreed to work more closely on expanding their trade and cultural ties under a partnership grounded on pragmatism, openness and mutual trust. read more

Alibaba Leads China's Internet Finance Market

Marcel Woo   | Mar 22, 2014 11:54 AM EDT

Global research consultancy firm TNS said Alibaba, through its Yu'ebao fund, now dominates China's Internet finance market, closely followed by Chinese Internet giant Tencent. read more

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