China will overtake Japan to become the world's second-largest entertainment and media market by the end of 2018, next only to the United States, according to the Global Entertainment and Media Outlook 2014-18, published by global consultancy PricewaterhouseCoopers on Tuesday.
Ambassador Max Baucus' mission to upgrade business ties between the two largest economies has rivers to cross, Zheng Yangpeng reports
'Big Four' affiliates might escape ban threatened by US securities commission
A five-country treaty to be signed to provide $50billion in initial capitablization for the new lender
Tencent aims to monetize app's huge user base via e-commerce
Eastern Pioneer Driving School Co Ltd, one of the largest driving schools in Beijing, is set to become the first listed driving school in China if its initial public offering initiative is approved.
The national film market grossed more than 10.7 billion yuan ($1.7 billion) in revenue by the end of May, surpassing the 10.2 billion yuan generated in all of 2010, according to a report by EntGroup Consulting, the Beijing-based entertainment industry consultant.
German lighting company Osram GmBH is banking on China's growing demand for energy-efficient light-emitting diode products to provide the much-needed impetus for its growth in the country, a top company official said.
China has overtaken Japan as the largest buyer of industrial robots, according to a trade report.
The price of gold slid 3.8 percent in May, the biggest monthly loss so far this year, as hedging demand contracted amid stabilizing global economic conditions.
Housing prices will remain under pressure for the foreseeable future, and the government isn't expected to take any steps to boost the market, industry analysts said.
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