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Marcel Woo

China's Economy Could be World's Largest by 2020

Apr 14, 2014 10:00 AM EDT

China's economic transformation from export-based to consumer spending-based will help sustain the country's impressive growth performance and could propel China as the world's largest economy by around 2020, experts said.

Beijing is World's 8th Most Influential City

Marcel Woo |

Apr 14, 2014 06:14 AM EDT

For the first time since 2008, the Chinese capital Beijing joins the top 10 most globally influential cities, surpassing Singapore, Brussels, Seoul and Washington DC, based on the 2014 AT Kearney Global Cities Index (GCI) released on Monday.

China's Auction House Bids for Detroit's Art Works

Marcel Woo |

Apr 14, 2014 05:00 AM EDT

Mainland China's largest auction house, Poly International Auction, said it is ready to spend up to US $1 billion to buy Chinese art works from the Detroit Institute of Arts in Detroit, USA.

China Intensifies Crackdown on Online Porn

Marcel Woo |

Apr 13, 2014 07:35 PM EDT

After shutting down more than 270 pornographic and violent websites last year, the Chinese government is launching another round of campaign aimed at stopping the spread of pornographic content on the Internet.

Italy Simplifies Visa Rules for Chinese Applicants

Marcel Woo |

Apr 13, 2014 11:12 AM EDT

The number of Chinese citizens visiting Italy for tourism or business purposes is expected to significantly increase in the next few months after the Italian government said it has simplified visa procedures for Chinese applicants.

Cable Car Accident Kills 1 Tourist

Marcel Woo |

Apr 13, 2014 10:43 AM EDT

What started as an exciting trip turned tragic for the family of a tourist who was killed when a cable car snapped off the cableway at a popular mountain resort in Jiangxi Province last Saturday.

China's E-Commerce Penetration to Overtake US this Year

Marcel Woo |

Apr 12, 2014 02:04 PM EDT

With at least 300 million online shoppers and the rising urbanization rate, China's e-commerce penetration is forecast to overtake that of the United States this year, according to Swiss global financial services company UBS AG.

Alipay Banned from Dealing with Diablo

Marcel Woo |

Apr 11, 2014 09:58 AM EDT

China's Ministry of Culture has stopped an online payment platform, Alipay, which is an independent unit from the e-commerce giant, Alibaba, from offering online purchase services for Diablo III.

Foreign Firms to Get Equal Treatment in China

Marcel Woo |

Apr 11, 2014 09:32 AM EDT

Foreign companies in China will be given equal treatment as that of domestic firms as Chinese. Premier Li Keqiang said the government will create a business environment that promotes fair and healthy competition.

Tsinghua University Tops Graduate Employment in 2013

Marcel Woo |

Apr 10, 2014 10:56 AM EDT

Tsinghua University, a research university in Beijing, reported the highest rate of graduate employment for 2013, followed by Peking University, the Guangzho Daily reported on Thursday.

Small Chinese Firms to Get Tax Discounts

Marcel Woo |

Apr 09, 2014 05:49 AM EDT

The Ministry of Finance (MOF) said the Chinese government feels the burden of the country's small firms, prompting it to lower taxes for businesses with an annual taxable income of not more than 100,000 yuan (US$16,100).

China Tops Online Shopping Survey

Marcel Woo |

Apr 09, 2014 05:46 AM EDT

A recent survey conducted by global consultant PricewaterhouseCoopers (PwC) showed that the Chinese people are shopping online more frequently than other people around the world, making China number one when it comes to online shopping.

Panda-Themed Macarons a Hit in Belgium

Marcel Woo |

Apr 08, 2014 08:46 AM EDT

The arrival of two pandas from China in Belgium has popularized panda-themed Macarons that are now selling like hotcakes in Belgium, the official Xinhua News Agency reported on Tuesday.

China Suspends Importation of Live Hogs from the US

Marcel Woo |

Apr 08, 2014 08:42 AM EDT

A deadly virus that has killed over four million pigs has prompted China to suspend its importation of live hogs from the United States, the Livestock Exporters Association of the USA announced.

China's Graduates Prefer Working in Shanghai Over Beijing

Marcel Woo |

Apr 08, 2014 08:41 AM EDT

A recent survey conducted by career consulting firm Universum showed that Shanghai has already overtaken Beijing as the top choice of employment for China's university graduates, partly due to the capital's pollution problem and Shanghai's job opportunities.