China’s road to a more consumption-driven economy appears bumpier, with the Westpac-MNI China consumer sentiment index at 111.5, a 2.2% decrease. The reading is still positive, but four of five subcomponents were down last month, […]
China is launching its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers, like GE and United Technologies’ (NYSE:UTX) Pratt & Whitney. The state-owned Aero Engine Corp. of China was created by […]
An 11% jump in profit at China’s major industrial companies helped lift their profit gain for the first seven months to 6.9% from the year-earlier period. July’s gain was attributed to a low comparison base, […]
Not all is harmony as China prepares for next month’s Group of 20 summit, with a number of nations resisting China’s push to acquire assets abroad. Such rejection is considered even more confrontational than disputes […]
China’s banking regulator has announced strengthened rules for the rapidly growing peer-to-peer lending industry, which has been plagued by widespread fraud and scandals. The new rules prohibit the provision of any guarantees to lenders, bar […]
China is looking to provide a further buffer in a slowing economy with a policy aimed at maintaining banking system liquidity and containing corporate financing costs. Beijing also plans to lighten the corporate tax load […]
China’s Xiaomi will rely on social-media marketing in bringing its smartphones to the US “in the near future,” Vice President Hugo Barra told a reporter, saying the US “is a very important market for any […]
By the end of this year, China’s retail sales will exceed sales in the US, making it the world’s biggest retail market, according to data from researcher eMarketer. China’s retail spending is forecast to reach […]
Tencent (OTCPK:TCEHY) has overtaken Alibaba (NYSE:BABA) to become China’s most valuable tech company after unveiling a strong set of earnings. The firm posted a 47% climb in net income to a record 10.74B yuan, handily […]
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