Business

China Spent More Than 2 Trillion Yuan on Water Projects From 2011 to 2015

Charissa Echavez   | Feb 09, 2016 10:49 AM EST

Data reveals that China has spent over 2 trillion yuan (nearly $304 billion) on water projects from 2011 to 2015. The water resource ministry reported that benefits from the investment include safe drinking water, agricultural irrigation, flood control, rural hydropower and drought relief. read more

India's Economic Growth Faster Than China in 2015

Charissa Echavez   | Feb 09, 2016 10:41 AM EST

India's economy significantly grew faster at an average rate of 7.5 percent compared with China at 6.9 percent in 2015. read more

Australia's Biggest Dairy Producer Sold to Chinese Company

Mia Ren   | Feb 25, 2016 11:37 AM EST

Australia's largest supplier of dairy products is set to change hands as a A$280 million (¥1.3 billion) deal with a Chinese company was approved by the government on Tuesday. read more

Bangladesh Cancels Port to be Built by China, as India Eyes New Project

Girish Shetti   | Feb 09, 2016 05:34 AM EST

In a move that will surely upset China, Bangladesh has cancelled a port project with a Chinese company, but Dhaka is all set to offer a new sea port project to its bitter neighbor India. read more

China's Insurance Market Now World's 3rd Biggest, Continues Growing

Mars Woo   | Feb 08, 2016 07:10 AM EST

The China Insurance Regulatory Commission (CIRC), the country's top insurance regulator, has announced that China became the world's third largest insurance market last year, from sixth five years ago. read more

China’s Forex Reserve Plunges to 3 Year Low, Shrinks to US$3.23 Trillion

Girish Shetti   | Feb 08, 2016 06:34 AM EST

To cope with the effects of the economic slowdown, the Chinese government has cashed in on its vast foreign exchange reserves to rescue the falling currency and curtail capital outflow overseas. read more

At Least 747 Chinese Firms Seek IPO Launch This Year

Mars Woo   | Feb 08, 2016 12:26 AM EST

Despite the recent stock market rout in China and the continuous volatility in the Chinese markets, more Chinese companies are hoping to raise funds by launching initial public offerings (IPOs) this year, according to data tracker ChinaVenture. read more

New Policies to Help Belt and Road Initiative Business Projects

Charissa Echavez   | Feb 08, 2016 05:45 AM EST

China's Foreign Affairs Ministry has adopted a number of policies to enhance the flow of personnel between China and other nations that are part of the Belt and Road Initiative. Department of Consular Affairs director-general Guo Shaochun said that this is the reason for pushing the initiative forward. read more

Foreign Firms Target Chinese Consumers

Charissa Echavez   | Feb 07, 2016 06:08 AM EST

Amidst China's economic slowdown, foreign enterprises such as coffee shops and clothing boutiques claim that their businesses are flourishing. read more

EU Steel Industry Faces Collapse due to Chinese Imports - EU Countries

Carlos Castillo   | Feb 07, 2016 05:58 AM EST

The European steel industry is on the verge of collapse, according to the seven European Union (EU) countries that have called on the EU's European Commission (EC) to step in and tackle the issue of cheap steal from China and Russia flooding the European market. read more

A Leading Chinese Company Acquires Chicago Stock Exchange

Girish Shetti   | Feb 06, 2016 01:19 PM EST

The 134-year-old Chicago Stock Exchange has been acquired by Chinese Investment Company Chongqing Casin Enterprise Group, according to official statement issued by Chicago Stock Exchange on Friday. read more

China Braces for US National Security Review of Syngenta Bid

Carlos Castillo   | Feb 06, 2016 11:47 AM EST

The state-owned China National Chemical Corporation (ChemChina) has started preparations for a US national security review of its plans to buy Swiss seeds and pesticide maker Syngenta after the chairman of the US House Committee on Agriculture said he would track the progress of the takeover bid. read more

Baidu Maps Expand Overseas

Charissa Echavez   | Feb 04, 2016 10:05 AM EST

Chinese web services company Baidu is expanding its mapping service platform outside China to address the increasing demand of Chinese tourists going out of the country. read more

Global Brands Seek to Profit From Year of the Monkey Marketing Strategy

Desiree Sison   | Feb 04, 2016 07:09 AM EST

As the Chinese New Year approaches, sales have been up for international retail brands who have opted to take advantage of the celebrations by designing their products with monkey images and characters. read more

ESPN Gets Serious About China, Strikes Major Distribution Deal With Tencent

Girish Shetti   | Feb 03, 2016 01:12 PM EST

ESPN, the sports arm of entertainment company Disney, has struck a major distribution deal with Chinese Internet giant Tencent. read more

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