Business

China’s Manufacturing Sector on a roll, February PMI Beats Analyst’s Expectations

Girish Shetti   | Mar 01, 2017 06:08 AM EST

The Chinese economy has made yet another case for economic recovery as factory activities in the month of February continued its strong growth, according to the official and private data released simultaneously on Wednesday. read more

China Aggressively Pursues Goal of Hitting its Steel and Coal Capacity Reduction Targets

Jenia Cane   | Feb 27, 2017 05:33 PM EST

China aims to hit its steel and coal capacity reduction targets for this year, as the country aims to sustain the momentum of the structural reforms it initiated last year. read more

Nokia to Supply Xiaomi With Fiber Optic Network

Ellie Froilan   | Feb 27, 2017 10:01 AM EST

Nokia has announced its deal with China's Xiaomi, where it will supply state-of-the-art fiber optic network to link seven data centers in the Beijing region. read more

Alibaba Officially Enters India With Paytm Mall Launch

Ellie Froilan   | Feb 27, 2017 09:56 AM EST

Alibaba has entered India officially by launching Paytm's mobile app and online shopping portal called Paytm Mall to compete with Flipkart and Amazon. read more

China's SAIC to Establish R&D Center in Israel

Prei Dy   | Feb 27, 2017 12:00 AM EST

Shanghai Automotive Industry Corporation (SAIC) plans to establish an R&D center in Israel for its advanced auto technologies, the Chinese car maker announced. read more

China Mobile Partners with ZTE and Qualcomm to Start 5G NR Testing

Ellie Froilan   | Feb 26, 2017 09:05 AM EST

China Mobile has annpunced its plan of conducting interoperability testing as well as over-the-air field trials based on the 5G New Radio (NR) specs. read more

'James Bond' Studio MGM to be Acquired by a Chinese Firm: Report

Prei Dy   | Feb 25, 2017 03:15 AM EST

A Chinese company is reportedly in 'advanced talks' to acquire MGM (Metro-Goldwyn-Mayer), the distribution company behind the James Bond franchise, sources familiar with the matter revealed. read more

Former Stock Market Honcho Guo Shuqing is new Banking Regulatory Chief

Girish Shetti   | Feb 24, 2017 04:44 PM EST

China on Friday named the former stock market regulator chief Guo Shuqing as the new head of the China Banking Regulatory Commission (CBRC). Guo's appointment is probably intended to send a clear signal to the market about the Chinese government seriousness to overhaul the country's financial system. read more

Imax China’s 2016 Profit Slumps due to Poor Box Office Numbers

Girish Shetti   | Feb 24, 2017 07:36 AM EST

Imax China witnessed a sharp slump in its yearly profit in 2016 on account of sluggish growth of Chinese box office, clearly reflecting the challenges that global cinema operators face in China. read more

China is Inching Closer to Launch Digital Currency in Market

Girish Shetti   | Feb 24, 2017 03:45 AM EST

China is closer than ever before in embarking on a digital currency revolution as the People's Bank of China (PBoC) successfully completes the trail run of its prototype cryptocurrency. read more

China’s Economy Seen to Stabilize; Gains Momentum for 2017

Jenia Cane   | Feb 22, 2017 10:46 PM EST

China's economy is expected to maintain an "L shape," and may later transition from a steep drop to a relatively steady one. read more

China Seen to Strengthen Economic Reforms

Jenia Cane   | Feb 22, 2017 10:43 PM EST

China will continue to implement more economic reforms through its proactive financial and monetary policies. read more

Victoria's Secret to Open 2 Flagship Stores in China [VIDEO]

Prei Dy   | Feb 22, 2017 06:25 AM EST

Victoria's Secret is slated to open its first full assortment stores in China. Its parent company L Brand will initially kick off one store in Shanghai and another in Chengdu, and will be opened in the first quarter this year. read more

Alibaba's Ant Financial Invests $200M in South Korea's Kakao Pay

Ellie Froilan   | Feb 22, 2017 06:00 AM EST

Alibaba’s financial services affiliate Ant Financial has announced its investment in South Korean messaging giant Kakao. read more

Chinese Health Authorities Issues Dire Warning over Fast Spreading Bird Flu Virus

Girish Shetti   | Feb 22, 2017 06:00 AM EST

The Chinese health authorities have virtually raised a red flag over the fast spreading Bird Flu virus across the country, admitting for the first time that the deadly virus has already spread across half of China. read more

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