Business

New Regulations Issued in Shanghai and Shenzhen to Tame Down Property Prices

Girish Shetti   | Mar 27, 2016 03:39 PM EDT

The municipal governments of Shanghai and Shenzhen on Friday introduced a new slew of policies to clamp down on rising real estate prices. These policies took effect from Friday. read more

China, India Surpass Developed Nations in Renewable Energy Investment in 2015

Girish Shetti   | Mar 27, 2016 03:30 PM EDT

India and China made more into renewable energy in 2015 than developed countries, according to a United Nations (UN) report. read more

China Securities Regulator Approves 7 New IPOs

Marcel Woo   | Mar 26, 2016 07:05 AM EDT

The China Securities Regulatory Commission (CSRC) has announced the approval of seven new initial public offerings (IPOs) after the seven applicants passed stringent review. read more

More Than 30 Countries Awaiting Membership to China Investment Bank

Desiree Sison   | Mar 26, 2016 05:41 AM EDT

More than 30 countries are awaiting membership to the China-backed Asian Infrastructure Investment Bank (AIIB) in addition to the existing 57 founding members. read more

LEGO to Open Asia's Largest Retail Store in Shanghai

Charissa Echavez   | Mar 26, 2016 05:49 AM EDT

Added to the nearing grand opening of Shanghai Disney Resort on June 16, LEGO has announced it will also open the world's largest LEGO retail store on the same day. read more

China to Apply VAT Program Across All Sectors

Charissa Echavez   | Mar 26, 2016 05:35 AM EDT

Financial and taxation authorities of China announced on Thursday that it will apply its value-added tax pilot program across all sectors to consolidate the fiscal and taxation reform in China. read more

Hyundai China Recalls Nearly 600 Vehicles

Charissa Echavez   | Mar 26, 2016 05:19 AM EDT

Hyundai Motor Group Ltd. China will recall 600 vehicles beginning May 1, according to a quality watchdog in China on Friday. read more

Hainan Airlines' Net Profit Jumps 15.88 Percent in 2015

Charissa Echavez   | Mar 26, 2016 05:09 AM EDT

China's fourth biggest carrier reported on Thursday a 15.88 percent year-on-year net profit increase in 2015 amid a highly competitive airline industry. read more

China to Boost Nuclear Power Development

Charissa Echavez   | Mar 25, 2016 10:55 AM EDT

China will prioritize nuclear power development as renewable energy plays an essential role in the government's effort to attain a greener and cleaner future. read more

China-US Trade Agreement to Boost Investor Relations Between Countries

Jenia Cane   | Mar 24, 2016 08:29 PM EDT

China is urging the US to conclude the Bilateral Trade Agreement (BIT) currently being negotiated between both countries to avoid being influenced by the upcoming US presidential elections. read more

Yum Brands to Sell Minority Stake in China Business

Girish Shetti   | Mar 24, 2016 11:43 AM EDT

Yum Brands is in discussion with KKR and other private equity firms to sell minority stake in its Chinese business, as a part company's plan to spin off its Chinese business later this year. read more

Cadillac Attracts Younger Men in China

Charissa Echavez   | Mar 24, 2016 10:03 AM EDT

Unlike in the United States where Cadillacs have a delightful taste for mostly older men, its rising sales in China mostly come from younger luxury buyers where designs were made smoother and production was localized for a much affordable price. read more

China's Fosun to Acquire London's Landmark Office Complex

Charissa Echavez   | Mar 24, 2016 07:33 AM EDT

China's Fosun International Ltd. is assumed to be speeding up international expansion following its latest acquisition in London. read more

Alibaba’s Annual Sales Crosses 3 Trillion Yuan

Girish Shetti   | Mar 23, 2016 11:59 AM EDT

China's e-commerce giant Alibaba Group announced on Monday that it has achieved a major milestone as its Gross Merchandise Value (GMV) for the current fiscal year crossed ¥3 trillion ($462 billion) mark. read more

China Currency War: Premier Li Says Country Will Not Get Into It

Jenia Cane   | Mar 22, 2016 08:15 PM EDT

China will not engage in a "currency war," as this will not augur well for the world economy which is still in the recovery stage. read more

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