World’s Biggest Bank Comes to Greece

The world’s biggest bank, the Industrial and Commercial Bank of China (ICBC), is coming to Greece, being the second Beijing bank with interests here after the China Development Bank. ICBC, with €3.2 trillion ($3.9 trillion) in total assets ... ( read original story ...)

China blue chips recover; property, consumer firms gain

SHANGHAI, Jan 31 (Reuters) - China stocks ended mixed on Wednesday, with the blue-chip index recouping earlier losses to close higher, aided by a bounce in real estate and consumer firms. ** Chinese fund managers boosted their suggested equity exposure for ... ( read original story ...)

China’s young shoppers breathe new life into luxury market

SHANGHAI/HONG KONG (Reuters) - Guo Jiaxi is typical of a new generation in China that is driving a sharp revival in luxury spending: young, female and unafraid to spend. An accountant in eastern Suzhou, Guo, 24, likes Coach and Louis Vuitton, and has ... ( read original story ...)

U.S. firms bullish on prospects in China

Companies from the United States doing business in China are becoming more optimistic about China-U.S. business ties despite the possibility of restrictive trade actions from the Trump administration, a new survey said on Tuesday. According to the 2018 ... ( read original story ...)

China factory activity slows to 8-month low on softer demand

Foreign demand for China’s manufactured exports was elevated ahead of Christmas but slowed in January, said senior statistician Zhao Qinghe of the National Bureau of Statistics, which released the data on its website. The PMI is a widely watched gauge fo ... ( read original story ...)