The smog is rolling in over Beijing. We are about to experience what the foreign media have nicknamed the “airpocalypse” — another days-long episode of choking air pollution. In fact, this is the second one…
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UPDATE 1-China watchdog to bolster private bank supervision
BEIJING Jan 5 China’s banking regulator have issued guidelines aimed at strengthening governance at the country’s emerging private banks in the latest move by regulators to beef up risk management among financial services firms. The…
Chinese fake bank founders jailed for swindling
The story shocked many in China – already used to fake food and product scandals – when it first came out. Many commented on the crime’s audacity and the fact that the “bank” was able…
China’s Athleisure Market Isn’t Going Anywhere As Functional Fitness Wear Brands Expand
There’s been debate in the last few months as to whether athleisure will lose its status as a top global fashion trend, or whether sales will begin to falter because upscale yoga pants for work…
Apple pulls New York Times app from its China store – acting on Beijing’s orders
Apple has removed the New York Times app from its digital store in China, acting on what it says were orders from the Chinese government. The news underlines how American information technology companies are being…
China's choices narrowing as it burns through FX reserves to support yuan
China stepped into both its onshore and offshore yuan markets … As recently as last week, authorities introduced requirements for financial institutions to report all single domestic and overseas cash transactions of more than 50,000…
China state arms maker pledges 'mixed ownership' reforms
SHANGHAI (Reuters) – The China North Industries Group (Norinco), a central government-run arms manufacturer, has decided to pursue a “mixed ownership” model as part of China’s ambitious reform programme for state-owned enterprises (SOEs), the company…
Power Corporation acquires an additional 3.9% interest in China Asset Management Co., Ltd.
China AMC is an affiliate of CITIC Group Corporation Ltd., China’s largest conglomerate, with which Power Corporation has had an association since 1986. Mackenzie Financial Corporation (Mackenzie Investments), an indirect subsidiary of Power Corporation ……
Superior tech, stronger brands needed
This is a huge gap for China, and so far it has been filled almost entirely by Western brands such as Apple, BMW and Hermes, to name just a few. This is because, while the…
Why Audi Is Facing Dealer Discontent in China
Today, he and his 300 colleagues at mainland China’s first full-service Audi dealership are struggling to boost sales, even with 15 to 20 percent discounts and at losses for the dealer of 20,000 to 30,000…
E-Commerce in China has Brands Hungry to Cash in on the Boom
Last month, Chinese e-commerce site Alibaba reported a rise of online sales of 32% to 120.7 billion yuan (US$17.73 billion), an impressive number, indeed. But that wasn’t a quarterly figure, or even a monthly tally–those…
Which Luxury Brands Will Have the Luckiest Chinese New Year?
At a time when China’s economy faces turbulence and the country’s anti-corruption campaign continues at full speed, some luxury brands are faring much better than others in maintaining their appeal with Chinese shoppers. According to…
Foreign cosmetic brands cut retail prices in China market
High-end cosmetic brands, including Estee Lauder and Amorepacific, have announced price cuts in the Chinese market in the new year in response to lowered consumption tax. The South Korean beauty company Amorepacific said on Tuesday…