01/10/2025 04:23:53 am
01/10/2025 04:23:53 am
Jaccqueline Bargas | Jul 17, 2013 09:28 AM EDT
Google Inc recently announced the resignation of Liu Yun, the company's vice president and Greater China president. Leaving to pursue other opportunities, he will be replaced by Scott Beaumont, who works with Google's European partners, the company said. read more
Chinatopixstaffwriter | Jul 16, 2013 08:00 PM EDT
National Bureau of Statistics of China published the economic data for the first half a year on 15th July. The GDP for the first half a year is 24800.9 billion. read more
Angie Zhao | Jul 16, 2013 06:51 PM EDT
Recently, Chinese construction machinery giant Zoomlion goes through troubled times. After the company was accused of financial fraud for the fifth time, Zoomlion expresses the willing to sue "the men standing backstage". Yesterday, Sun Changjun, Vice President of Zoomlion said: "This time we can not bear it any more. We must protect the rights of Zoomlion with legal weapons, so as to return the standards to construction machinery industry." read more
Jaccqueline Bargas | Jul 16, 2013 09:40 AM EDT
The Chinese police is accusing pharmaceutical giant Glaxosmithkline (GSK) of spending 3 billion yuan (4.8 million USD) on financial and sexual kickbacks going back as far as 2007. read more
Jaccqueline Bargas | Jul 16, 2013 09:18 AM EDT
The Republic of China has been known for many years as one of the nations booming in business and industry. As of 2013, China holds the rank of the second largest economy with a GDP totaling approximately US$ 8.227 trillion. read more
Angie Zhao | Jul 16, 2013 08:33 AM EDT
July 16th, Baidu announces the company has signed a memorandum of understanding to acquire 100% shares of 91 Wireless Websoft, a mobile app distribution company, from Netdragon Websoft Inc. The total valuation is $1.9 billion. read more
Angie Zhao | Jul 15, 2013 07:17 PM EDT
So far this year, the most remarkable change in international financial market is that U.S. dollar shows a clear trend to become stronger, but Japanese Yen exchange rate keeps declining driven by Abenomics, which refers to the economic policies advocated by Shinzō Abe, the current Prime Minister of Japan. read more
Angie Zhao | Jul 15, 2013 04:03 PM EDT
July 11th, Ministry of Public Security of China announced they organized public security units from Changsha, Shanghai and Zhengzhou to detain four senior GlaxoSmithKline Plc executives on suspicion of economic crimes involving 3 billion yuan ($489 million) of spurious travel and meeting expenses, and receiving sexual favors. The four senior executives are Zhao Hongyan, Liang Hong, Huang Hong and Zhang Guowei. read more
Emyle Mae Ofilanda | Jul 15, 2013 03:05 PM EDT
The gross domestic product of Chine has expanded 7.5 percent in the second quarter according to the official date released last Monday. This is the second successive slowdown in the economic growth of the world's second highest economy. read more
Emyle Mae Ofilanda | Jul 15, 2013 02:56 PM EDT
The Chinese government has officially called off the $6 Billion Uranium Plant contract following major protests from thousands of locales. The uranium-processing facility was supposed to be built in the southern Guangdong province in China. read more
Angie Zhao | Jul 12, 2013 01:32 PM EDT
Since the world's largest pig meat processing company Smithfield Foods, Inc announced in May 2013 that the company would be sold to Shuanghui International Holdings, owner of China's largest meat processing business, for $7.1 billion. The merger of the two giant companies has attracted significant attention. This will be a deal that represents China's largest purchase of a U.S. company. read more
Angie Zhao | Jul 11, 2013 07:13 PM EDT
According to Voice of China on July 11th, British Economist Intelligence Unit just issued the 2013 Global Food Security Index. This is an annual report that consists of a set of indices from 107 countries. It measures food security across most of the countries of the world. What position will China be in the index? There are a thousand hamlets in a thousand people's eyes. Everyone has his or her own answer to the question. read more
Angie Zhao | Jul 10, 2013 09:08 PM EDT
Recently, Uichiro Niwa, the former Japanese ambassador to China published an article on "Japanese economic news". In the article, Uichiro Niwa said the People's Bank of China broke its silence on shadow banking. It indicated that Chinese government is ready to tighten monetary policy if necessary, in order to keep economic bubble within limits. But in Uichiro Niwa's view, he said the arrival of Chinese bubble economy was unavoidable, and shadow banking problems was just a beginning of Chinese bubble economy. read more
Angie Zhao | Jul 09, 2013 06:03 PM EDT
According to National Association of Realtors 2013 Profile of International Home Buying Activity, in the last year, Chinese buyers spent up to $12.3 billion on U.S. real estate. Chinese buyers are only after Canadian in purchasing house in the United Stated. However, Chinese buyers tended to purchase property in the upper price ranges with a median price of $425,000. And this number ranks the first among all the foreign buyers. In addition, nearly 70 percent of those pricey Chinese deals were made in all cash. read more
Angie | Jul 08, 2013 11:17 AM EDT
July 5th, the National Development and Reform Commission of China (NDRC) released a notification about cutting retail fuel prices for the fourth time in 2013. An analyst Liu Yun points out, it will reduce the costs of Chinese logistics industry, taxis and private cars by cutting retail gasoline and diesel prices. However, as the reduction is small, the practical effects will be limited. 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
