When it was announced four years ago that the Chinese carmaker Geely was buying Swedish carmaker Volvo, the company drew plaudits worldwide for the daring and astuteness of its move.
Many people complain about how difficult it is to please their boss. Spare a thought then for Cheng Hong, who has 46 of them, all highfliers who demand a lot of themselves and of others.
Since the beginning of this year, the renminbi has been depreciating against the US dollar. That marked a departure from the earlier trend of the Chinese currency appreciating against the US greenback since the exchange rate reform in 2005.
Since its inception, the Internet has always been closely associated with the production, distribution and consumption of news. Journalism is often said to be history in a hurry, and the Internet has become one of the very first "gatekeepers" of information about events and people that might go down in history. Nothing is as old as yesterday's news, and so yesterday's news may already be tomorrow's history.
Indians are argumentative, so people say. Chinese are not, it seems. But right now in China there is a rather serious and healthy debate that may have to do with all investors' future interests - a debate about mixed ownership.
The People's Bank of China and other government departments will strengthen communication and collaboration with Hong Kong and Taiwan in a bid to expand financial openness and cooperation, according to an official of the central bank.
Wal-Mart Stores Inc said on Friday it had appointed Sean Clarke as CEO Wal-Mart China. He is currently chief operating officer in the country.
Chinese consumers don't really trust official brand websites, preferring instead to get most of their shopping tips from word-of-mouth methods such as social media - and that means companies need to leverage multiple platforms, according to a study of the retail sector.
Most companies whose applications for initial public offerings are being evaluated will make their preliminary disclosures by the end of June, a spokesman for the China Securities Regulatory Commission said on Friday.
Six Chinese companies joined on Friday the OpenPOWER consortium - a development alliance based around International Business Machines Corp's microprocessor architecture - to build designed-in-China processors.
China's private carmaker BYD Co, backed by Warren Buffet, posted on Thursday a slump in first-quarter net profit compared with a year earlier. Net profit plummeted nearly 90 percent to 12 million yuan ($ 1.9 million) in the first three months, while revenue was 11.7 billion yuan, a drop of 9 percent from a year earlier.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan