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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...

Japan, China and South Korea to Launch Visit East Asia Campaign

TOKYO, JAPAN - China, South Korea and Japan might be clashing on several political and territorial disputes but tourism leaders of the three countries...

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...

Russia Ready to Join China’s Infrastructure Investment Bank

Russia becomes the latest European nation to announce joining the China-lead Asian Infrastructure Investment Bank (AIIB), beating the 31 March deadline set by China...

China Sets Deadline for Countries That Want To Be Founding Members of AIIB

Countries interested to join the China-led Asia Infrastructure Investment Bank (AIIB) are given until 31 March to make their decisions. Foreign Ministry spokesman Hong...

China To Implement New Internet Finance Policies

The People's Bank of China (PBOC), the country's central bank, announced plans to introduce new policies that will govern how Internet finance operates in...

China Forecast to Produce 154 Billionaires in 10 Years

At least 154 new billionaires will emerge in China during the next decade, making the country the biggest generator of billionaires, the Wealth Report...

Bitcoin Trading Activity Surges in China

A report released by Goldman Sachs about the future of money showed that despite tight government restrictions, the amount of bitcoin trading activity in...

China Unveils Deposit Insurance System Plan

China's central bank, the People's Bank of China (PBOC) on Sunday announced draft rules for a long-awaited insurance scheme for bank deposits, in order...

China’s manufacturing PMI falls in November

China's National Bureau of Statistics (NBS) said the country's manufacturing purchasing managers' index (PMI) slowed more than expected in November, dropping to 50.3 from...

China Opens Hospital Sector to Foreign Investors

Foreign investors can now wholly own hospitals in the cities of Beijing, Tianjin and Shanghai and the provinces of Jiangsu, Fujian, Guangdong and Hainan...