Tags China News

Tag: China News

China Briefs: H1 Deficit, Stocks Up For Six Straight Days, Urban Unemployment Down Slightly

China Deficit Hits USD104 Billion Mainland China experienced more net-capital outflow from January to June this year, even as the foreign-exchange settlement deficit went up....

UBS To Open Branch in Shanghai This Year

Swiss lender UBS Group AG, the biggest private bank in Asia, is set to open a Shanghai branch within this year to further cement...

China Briefs: China Stock Market Rebound, Alibaba in Fortune 500, Cybersecurity, and Retail Sales

After a breath-taking dive, China's benchmark index, the Shanghai Composite Index, posted its biggest two-day gain since 2008 on Friday, but investors and observers...

China’s Fruitday Completes USD70 Million Series C Financing

Fruitday.com, one of China's leading online fresh fruits providers, received USD70m worth of series C financing from B2C e-commerce giant JD.com. According to Fruitday.com, the...

Alibaba Allows Japanese Shops and Brands to Sell on Tmall

Japanese cosmetics and other goods will soon be sold on Alibaba as the Chinese e-commerce giant signed a collaboration agreement with Yahoo Japan. Under the...

Shanghai Banks Offer Higher Deposit Rates To Lure Customers

SHANGHAI, CHINA - Smaller banks in the Chinese city of Shanghai are doing all its best to keep up with competition and further attract...

Chinese Billionaires In Asia’s Wealthiest Under 40

Chinese Billionaires Dominate Asia's Wealthiest Under 40 List The latest list released by Wealth-X showed that six young Chinese billionaires are in the top 10...

State-Owned China Taiping Seeks USD1.74 Billion in Private Share Sale

HONG KONG - Chinese state-owned financial and insurance group China Taiping Insurance said in a securities filing that it plans to raise HKD13.48bn (USD1.74bn)...

More Young Chinese Investing in Stocks But Experts Warn of Risks

SHANGHAI – A new breed of well-educated young Chinese are now buying stocks but experts warn of risky investments as most of these young...

Citigroup, JPMorgan Announce Senior Hires in China

SHANGHAI - Citigroup and JPMorgan are clearly seeing a bright prospect in China, whose economy continues to be in the downturn, as manifested in...

China’s Manufacturing Activity Slows in April

SHANGHAI, CHINA - The latest flash HSBC / Markit PMI survey showed that China’s factory activity slowed to its lowest level in a year...

China Warns Chinese Nationals in South Africa’s Anti-Foreigner Attacks Zone

BEIJING, CHINA - The Chinese government has warned Chinese nationals situated in South Africa's anti-foreigner attack zones to be on alert for their safety. All...

Coke to Acquire Beverage Unit of China Drinks Maker for USD400-Million

HONG KONG - American softdrink giant Coca-Cola has reportedly agreed to acquire the beverage business of China Culiangwang Beverages Holdings Ltd for about USD400...

China Approves 30 News IPOs

The China Securities Regulatory Commission (CSRC), China's securities regulator, has approved 30 new initial public offerings (IPOs), in an attempt to cool a stock...

Bus Plunges Into River in China; 21 Dead

GUIYANG, China - At least 21 people were confirmed dead and several others injured when the bus they boarded plunged into a river Saturday...

Hyundai, Toyota to Expand Car Production Capacity in China

South Korea's largest car manufacturer, Hyundai Motor Co, and Japanese car producer Toyota Motor Corp are expanding their car production capacity in China with...

Bloomberg Hiring More Journalists in China

New York-based global financial information service provider Bloomberg LP announced plans to ramp up hiring of more news professionals in China this year as...

Shanghai Raises Monthly Minimum Wage

Workers in Shanghai will get a raise in their monthly minimum wage as authorities said the 200 yuan (US$32.24) increase will take effect starting...

China Uses Warships to Rescue Citizens from Yemen

China's Foreign Ministry announced that Chinese warships have been used to withdraw hundreds of Chinese citizens from the war-torn Yemen to Djibouti. Foreign Ministry spokeswoman...

AIIB Open to All Countries, China President Xi Says

Chinese President Xi Jinping said the China-backed Asian Infrastructure Investment Bank (AIIB) is an open initiative and all countries are welcomed to join the...