Business

China Economy: Not as bad as Everyone Thinks

Jenia Cane   | Mar 10, 2016 03:14 PM EST

China's economy has found itself in the eye of the storm, as its prospects for global expansion have reportedly become dim. read more

China Firm Wins USD1.3B Contract To Build Rail Cars For Chicago

Marcel Woo   | Mar 10, 2016 07:30 AM EST

The Chicago Transit Authority (CTA) has awarded China Railway Rolling Stock Corporation (CRRC) a US$1.3-billion contract to build rail cars for the US state of Chicago. read more

Vehicle Sales in China Decline in February

Marcel Woo   | Mar 10, 2016 06:37 AM EST

Authorities blamed the effect of the Lunar New Year holiday in February for the decline in China's auto sales during the said month, although sales rise in the first two months of the year. read more

Canada's Magna Building New Factory in China

Marcel Woo   | Mar 09, 2016 08:05 PM EST

Canada-headquartered global automotive supplier Magna International is opening a new factory in Taizhou, China to supply seating systems to a Chinese car manufacturer. read more

KFC Opens First Store in China's Tibet

Marcel Woo   | Mar 08, 2016 07:59 PM EST

American fast food chain Kentucky Fried Chicken (KFC) sets foot in southwest China's Tibet on Tuesday, becoming the first Western fast food chain giant to open a branch in the region. read more

Ford, GM Report Decline in Car Sales in China Last Month

Charissa Echavez   | Mar 09, 2016 07:38 AM EST

American multinational automakers Ford and General Motors have reported a steep year-on-year decline in their respective car sales in China in the month of February. read more

China's Real Estate Sector Raked in More Profits Than Other industries in Past Decade

Charissa Echavez   | Mar 08, 2016 03:56 PM EST

The real estate industry has generate more profits compared with other investment sectors in the past 10 years, according to the latest survey. read more

China’s Exports in February Declines Steeply, Drops by 25.4%

Girish Shetti   | Mar 08, 2016 11:27 AM EST

China's trade performance in the month of February turned out to be worse than most economists and analysts had anticipated, with exports declining to the lowest since May 2009. read more

Chinese Stock Market Ends on High After Leadership's Assurance of Economic Growth

Girish Shetti   | Mar 08, 2016 07:00 AM EST

Chinese Stock Market rallied on Monday for fourth straight day, as investors took cue from positive statements made by Chinese leadership at National People's Congress Parliament over the weekend. read more

China's Forex Reserves Hit 4-Year Low in February

Marcel Woo   | Mar 07, 2016 07:50 AM EST

China's foreign exchange reserves, which are the world's largest, dwindled in February for a fourth straight month, hitting its lowest level since December 2011. read more

China's Economy Will not Experience 'Hard Landing', Says top Economic Planner

Girish Shetti   | Mar 07, 2016 08:11 AM EST

China's top economic planner on Sunday voiced assurance that the country's economy is not heading for hard landing or tough times. However, he admitted that uncertainty in the global economy poses a huge challenge to the country's economic pursuits. read more

Anticipated Layoffs in China may not Happen as Companies Adopt Measures; $15.4B to be Allocated for Laid-Off Workers

Jenia Cane   | Mar 07, 2016 07:27 AM EST

The anticipated massive layoffs in China in the coming years may not happen as companies have adopted measures to avoid such a scenario. Meanwhile, the central government is reportedly setting aside a budget of $15.4 billion (100 billion yuan) to help out the families and workers that could be affected by the job cuts. read more

U.S. Commerce Department Penalizes ZTE Corp for Iran Export Volition

Girish Shetti   | Mar 06, 2016 08:38 AM EST

Chinese telecom company ZTE Corp has been penalized with export restrictions by the U.S. Commerce Department for allegedly violating America's export controls on Iran. read more

Sales of Premium Domestic Smartphones Boom in China

Charissa Echavez   | Mar 05, 2016 04:17 PM EST

An industrial report reveals that Chinese smartphone makers have made progress within the mid- to high-end sector in the country, gaining ground from long-time pioneers like Samsung Electronics Co Ltd. read more

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