China Fails to Cut Steel Output

A study commissioned by Greenpeace has found out that China massively expanded its steelmaking capacities last year, despite pledging to cut output amid a steel glut that has led to a global crisis in the industry. Environmental organization Greenpeace ... ( read original story ...)

China to avoid bank shock, reach high income: Morgan Stanley

Hong Kong: China will likely avoid a financial crisis and is on track to reach high income status by 2027, according to a new Morgan Stanley report on the nation’s longer-term prospects titled "Why we are bullish on China." The sweeping outlook comes ... ( read original story ...)

China's obsession with skyscrapers reaches new heights

As an example, China's financial conglomerate Ping An last month completed the 600-metre, 115-storey Ping An International Finance Centre in Shenzhen's central business district, which surpassed One World Trade Center in New York City to rank as the world ... ( read original story ...)

Estée Lauder praised for digital achievements in China

So much so, that it has been rewarded for its efforts as two of its brands have joined the list of China’s top 10 beauty brands. L2, an intelligence provider, compiled performance data through its Digital IQ Index from 98 beauty brands in the country ... ( read original story ...)

China Mobile to invest $200 million in Pakistan

ISLAMABAD, Pakistan: China Mobile Communications Corporation (CMCC), the world’s largest telecom carrier by subscribers, will invest US$200 million in Pakistan this year to expand its presence, `China Daily’ reported. The Beijing-based company will ... ( read original story ...)

Bank focuses more on compliance risk control

Bank of China said on Monday it is placing greater focus on and devoting more resources to manage compliance risks and meet anti-money laundering rules in other countries, as it expands globally to serve Chinese companies and local clients. Bank of China's ... ( read original story ...)

China stocks close higher as central bank resumes cash injec

BEIJING, Feb. 13 (Xinhua) -- Chinese stocks rose for the fourth straight trading day on Monday as liquidity concerns eased after the central bank resumed cash injections into the money market. The benchmark Shanghai Composite Index went up 0.63 percent to ... ( read original story ...)