12/23/2024 07:48:18 pm
12/23/2024 07:48:18 pm
Kat De Guzman | Jun 15, 2016 04:14 AM EDT
China's Industrial and Commercial Banking Corporation (ICBC) has given Emirates National Oil Company (ENOC) a total of $230 million as an unsecured loan that is payable in a span of five years. read more
Jenia Cane | Jun 14, 2016 08:11 PM EDT
President Xi Jinping's scheduled visits to Serbia, Poland and Uzbekistan are expected to foster greater economic cooperation among countries involved in China's Silk Road Economic Belt initiative. read more
Girish Shetti | Jun 15, 2016 04:42 AM EDT
China's Midea Group Co Ltd wants to buy a 49 percent stake in German industrial robot maker Kuka, sources familiar with the matter revealed on Tuesday. read more
Girish Shetti | Jun 14, 2016 06:40 AM EDT
Airbus Helicopters, part of aviation giant Airbus Group and world's largest supplier of commercial helicopters, finalized an agreement on Monday to construct a state-of-the-art assembly plant in China. read more
Jenia Cane | Jun 13, 2016 04:04 AM EDT
A recent survey conducted by a leading data firm revealed that the employment rate of China's college graduates has remained stable. read more
Rina S. | Jun 13, 2016 06:40 AM EDT
Chinese ride-sharing and ride-hailing app Didi Chuxing announced an infusion of $600 million from China Life Insurance Co Ltd, which also holds a stake in Didi Chuxing's rival and American multinational Uber. read more
Rina S. | Jun 13, 2016 06:06 AM EDT
China matched expectations for its industrial growth rate in May. However, the country saw the lowest increase for fixed-asset investment since 2000. read more
Alexis Villarias | Jun 13, 2016 12:38 AM EDT
Speaking at the Shanghai International Film Festival on Sunday, CEO of Alibaba Pictures Production, Zhang Qiang, announced that the company is planning more acquisitions to develop the Chinese film industry. read more
Marcel Woo | Jun 11, 2016 09:16 AM EDT
After nearly four years of a failed attempt to sell the business, owners of Hong Kong Life Insurance (HKLI) are once again considering selling the insurance firm, this time for US$600 million. read more
Rina S. | Jun 11, 2016 07:57 PM EDT
The International Monetary Fund (IMF) has raised concerns about China's spiraling corporate debt and the associated potential risks. China is currently struggling to reverse a declining growth rate while its total debt and corporate debt is increasing. Banks are also being forced to carry high non-performing loans as companies are struggling to turn profits. read more
Rina S. | Jun 11, 2016 05:04 AM EDT
U.S. company XpressWest has decided to end its joint venture with China Railway International (CRI) due to performance and regulatory issues. read more
Girish Shetti | Jun 10, 2016 08:06 AM EDT
The People's Bank of China is sticking to its earlier predicted growth rate of 6.8 percent despite a host of challenges confronting the Chinese economy. The central bank's growth rate is higher than the 6.5 percent projected by International Monetary Fund (IMF) and the Asian Development Bank (ADB). 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
