12/25/2024 09:20:25 am
12/25/2024 09:20:25 am
Girish Shetti | Mar 05, 2016 02:15 AM EST
In a definitive sign that the world's second largest economy is slowing down, China has slashed its growth target for 2016 to between 6.5 and 7 percent - down from 7 percent. read more
Girish Shetti | Mar 04, 2016 09:59 AM EST
German Sportswear giant Adidas is undeterred by ongoing slowdown in the Chinese economy as it plans to open 3000 more stores in China by 2020. The expansion plan will increase the number of Adidas stores in China from 9,000 to 12,000. read more
Charissa Echavez | Mar 04, 2016 09:27 AM EST
China is not just dealing with plunging stocks, plummeting currency value and economic slowdown, but it has zombie troubles too. There are several zombie companies in China - state firms that cannot survive on their own and need the support of the government. read more
Charissa Echavez | Mar 04, 2016 09:15 AM EST
Major consumer-drone maker DJI is eyeing the Japanese market after the country loosened its regulations three months ago. read more
Carlos Castillo | Mar 04, 2016 06:00 AM EST
The European Union (EU) is struggling to find balance in its relations with China amid a dispute among members over anti-dumping tariffs levied on steel products from the Asian country. read more
Charissa Echavez | Mar 02, 2016 07:01 PM EST
Chinese producers and six other nations that are selling steel in the American market at an unfairly low price will be imposed a tax as high as 266 percent on the price, the Commerce Department revealed on Tuesday. read more
Girish Shetti | Mar 02, 2016 06:41 PM EST
US ratings agency Moody's has downgraded its economic outlook for China from 'stable'" to 'negative', highlighting that Beijing's struggle to turn the tides on its recent economic slowdown may be a long one. read more
Carlos Castillo | Mar 02, 2016 04:15 AM EST
Five to six million state workers in China could lose their jobs over the next two to three years as Beijing buckles down to address industrial overcapacity and weed out inefficiency amid broader efforts to restructure the country's economy, reliable sources have said. read more
Marcel Woo | Mar 01, 2016 03:12 AM EST
A United States Federal Reserve researcher announced recently that the official gross domestic product (GDP) data released by China is reliable. read more
Girish Shetti | Mar 01, 2016 07:33 AM EST
China's official Purchasing Managers' Index (PMI), which tracks activities in state owned and large factories, shrank to 49.0 in February, data from the National Bureau of Statistics (NBS) revealed. read more
Marcel Woo | Mar 01, 2016 02:41 AM EST
Citigroup, an American multinational investment banking and financial services corporation, has sold its 20 percent stake in China Guangfa Bank for US$3 billion, joining a list of western banks that have pulled out from investments in China's banking sector. read more
Charissa Echavez | Mar 01, 2016 05:08 AM EST
Ping An Bank and Shanghai-based research outsourcing provider WuXi AppTec have signed a 10 billion yuan contract to explore the health industry together. read more
Charissa Echavez | Mar 01, 2016 04:58 AM EST
Chinese taxi-hailing app Didi revealed on Monday that its January transactions reached a record-breaking high, surpassing those of all companies providing a similar service in the United States and Canada combined. read more
Charissa Echavez | Feb 29, 2016 03:24 PM EST
Premium lingerie brand Victoria's Secret has announced that it will be launching its first full retail store in the mainland, offering its well-known bras and panties. read more
Girish Shetti | Feb 29, 2016 12:58 PM EST
Yi Gang, the vice-governor of China's central bank, on Sunday shrugged off concerns about the possibility of an extended fall in China's foreign exchange reserves and reasserted her confidence in the strength of the Yuan. 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
