Business

Buffett Charity Lunch Fetches Over $1 Million Bid, Down From Last Year’s $3.5 Million

Staff Reporter   | Jun 12, 2013 02:12 PM EDT

According to the RenMinWang report on June 11th 2013, an anonymous winner of an online charity auction will pay $1 million to lunch with Warren Buffett and friends, compared with last year’s top bid, it came at less than three times the amount this year. read more

AmazonFresh Grocery Expands its Service in Los Angeles

Staff Reporter   | Jun 12, 2013 01:55 PM EDT

Amazon confirmed a report on June 10th 2013, it has decided to expand its online grocery delivery service AmazonFresh to Los Angeles, its first market outside Seattle. The company home page was now updated with the newest version of expansion to Los Angeles Area, as well as the AmazonFresh mobile users for iOS and Android have been refreshed. AmazonFresh has launched its grocery delivery service in Seattle since 2007; it is a subsidiary of the Amazon.com that is based in Seattle. read more

China remains the third largest market of US export

Staff Reporter   | Apr 26, 2013 05:18 PM EDT

China is still keeping the position as the United States' third largest export market, totalling nearly 109 billion dollars in 2012, the U.S.-China Business Council (USCBC) said Thursday. read more

China's climate pledges go forward while EU faces carbon crisis

Staff Reporter   | Apr 19, 2013 02:21 PM EDT

The financial crisis facing Europe's Emissions Trading Scheme (ETS) will not deter China from intention to establish its own Sheme and its climate pledges. An official of China said, the efforts to cut greenhouse gas emissions were a "domestic requirement". read more

5 more H7N9 samples found including pigeon

Staff Reporter   | Apr 16, 2013 05:42 PM EDT

Five H7N9-positive samples including one from a wild pigeon have been discovered in China. read more

US Governor concludes 7-day China trip

Staff Reporter   | Apr 15, 2013 08:55 PM EDT

California Governor Jerry Brown has concluded his seven-day business trip to China with the hope that his visit to the mainland will result to billions of investments from the country. read more

China's poultry business suffers US$1 billion loss due to H7N9 scare

M.W. Mosqueda Jr.   | Apr 15, 2013 08:49 AM EDT

The China Animal Agriculture Association announced that China's poultry industry has already lost around 10 billion yuan (US$1.62 billion) due to the growing H7N9 scare in the mainland. And the figure only refers to direct losses. read more

US, China urged to implement agreements

M.W. Mosqueda Jr.   | Apr 15, 2013 08:38 AM EDT

Chinese analysts have praised the fruitful talks between Chinese leaders and United States Secretary of State John Kerry but urged both countries to fully implement what has been agreed during Kerry's two-day visit to China. read more

China's 7.7% growth lower than expected

M.W. Mosqueda Jr.   | Apr 15, 2013 09:02 AM EDT

Analysts who were expecting China's first quarter economic growth to hit at least 8 percent were disappointed when the National Bureau of Statistics (NBS) on Monday announced a 7.7 percent growth in the January to March quarter. read more

Profiling China’s Super Rich Second Generation: HAC Elite Sports Car Club

Staff Reporter   | Apr 12, 2013 04:55 PM EDT

Rich Second Generation is term that has become ubiquitous in China. It refers to the kids of the first generation of self-made Chinese entrepreneurs who first became successful in the 1980s, following China's economic reform under Deng Xiaoping's leadership. read more

Why did China join the credit downgrade club?

Staff Reporter   | Apr 11, 2013 05:05 PM EDT

Fitch Ratings has cut one of its most important ratings on Chinese government debt as concerns that the nation's huge indebtedness, which is burgeoning, in part because of a big influx of foreign currencies, could threaten the stability of the world's second-largest economy. read more

More European countries rule on limited milk powder sale

Staff Reporter   | Apr 09, 2013 05:18 PM EDT

Currently, several milk powder procucers including Sainsbury claimed a new rule that allow one person buy two cans. read more

Obama says China trade practices harm American auto parts workers

Staff Reporter   | Apr 04, 2013 06:33 PM EDT

President Barack Obama threw down the gauntlet against China on Monday, accusing the country of unfair trade practices that "harm working men and women." read more

Apple to launch TV with 'ring' remote control, says analyst

Staff Reporter   | Apr 03, 2013 02:00 PM EDT

Apple's long-awaited television will go on sale this year and feature a remote control "ring" that viewers wear on a finger, according to an analyst. read more

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