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…
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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…
The Data Is In: How Trump Has Shaken Chinese Sentiment Towards American Brands
What has been the real impact of Donald Trump’s first month in office on the perception of US brands in China? While many have speculated on this, the Shanghai-based consumer research firm China Skinny and…
China's billionaires have been crushing it under Trump
China’s billionaires are having a field day under US President … according to the daily ranking. Andy Kiersz/Business Insider Their financial performance has lagged behind that of the broader market, with the S&P 500 and…
Taiwan's Foxconn 'definitely bidding' for Toshiba chip business
southern China. Toshiba is considering selling the majority – or all – of its marquee flash-memory chip business, as it seeks to make up for a $6.3 billion writedown from its nuclear operations. Gou declined…
CITIC 'plans domestic IPO' to boost capital
[Photo/China Daily] BEIJING－CITIC Trust Co, China’s largest trust firm, is planning an initial public offering on the domestic stock market to boost its capital, according to sources. CITIC Trust General Manager Li Zimin announced the…
China's “Millennium Business Capital” Guangzhou hosted a roadshow meeting of 2017 Fortune Global Forum in Hong Kong
HONG KONG, Feb. 28, 2017 /PRNewswire/ — Along with the opening of the 2017 Fortune Most Powerful Women International (MPWI) Summit in Hong Kong, Guangzhou municipal government hosted a roadshow meeting of 2017 Fortune Global…
China Feb factory growth beats expectations as orders pick up
The services sector accounted for over half of China’s economy last year and for the majority of growth, as rising wages give Chinese consumers the opportunity travel and eat out more. Improving business conditions in…
