BEIJING, March 3 (Xinhua) — The China Securities Regulatory Commission (CSRC) Friday approved initial public offering (IPO) applications from ten companies. They will raise no more than 7 billion yuan (1.02 billion U.S. dollars), according…
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China February service sector growth slows to four-month low: Caixin PMI
The findings echoed a similar softening in growth in China’s official services activity survey released on Wednesday, and contrasted with an unexpected pick-up in growth in its manufacturing sector as export orders rebounded. The February…
Xi Jinping may have signaled a huge transformation for China's economy
In one speech, Xi Jinping may have changed everything we know about China’s economy. The speech was on a topic the entire world has heard about before — the transformation of China’s economy. More specifically,…
Vintage Western phone brands resurrected by Chinese players
Apple and Samsung lead the smartphone pack worldwide but impressive growth in the Chinese market has left room for a host of home-grown manufacturers to come to the fore, with China’s Huawei now third in…
Delivery man is China's latest billionaire
It’s a stark reversal for a company that got its start in what Wang has called the sneaky business of “black delivery”, back in the ’90s when only China’s post office was allowed to handle…
China Railway keen on Phl
MANILA, Philippines – President Duterte has met with officials of the China Railway Group Limited in Malacañang and other Chinese business groups in Malacañang on Monday following the misunderstanding caused by the statements of Foreign…
China's manufacturers sharpen competitive edge
Meanwhile, China will channel more energy into reducing prices and administrative fees in monopolized sectors, and strive to lower business burdens. Since 2013, the central government has eliminated or reduced about 500 administrative fees on…
For China’s Factories, a Weaker Currency Is a Double-Edged Sword
Big Western department store chains have learned to pit manufacturers against one another — and China is full of air-conditioner manufacturers. When the renminbi weakens, the chains simply tell factory bosses to cut their prices…
Here's how the US military is sticking it to Beijing in the South China Sea
China has for years been whittling away at the US military’s asymmetrical advantage in conventional military strength with a naval buildup, building and militarizing artificial islands in the South China Sea, and creating systems and…
China Shares Fall as Rally Loses Steam
China stock fell on Thursday, buyers retreated on speculation of a possible U.S. interest rate hike later this month and concerns liquidity could tighten as Beijing’s steps up its fight against leverage. Continue Reading Below…
A delivery man just became one of the richest people in China
It’s a stark reversal for a company that got its start in what Wang has called the sneaky business of “black delivery,” back in the ’90s when only China’s post office was allowed to handle…
China says supports WTO after U.S. trade threat
A truck drives past container boxes at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai Thomson Reuters BEIJING (Reuters) – China supports the work of the World Trade Organization…
Hershey to cut 15 percent of workforce. Is China to blame?
Hoping to broaden its footprint in China, Hershey acquired a local chocolatier Shanghai … “Removing cost and complexity from our business will make us more flexible to quickly react to changing consumer and competitive marketplace…
