China's household consumption may rise to as high as 50 percent of gross domestic product by 2020. That compares with 35 percent today and creates opportunities in second- and third-tier cities, findings from Nielsen Holdings BV show.
Chief executives can take different tacks in their remarks when assuming office. Nielsen Holdings NV's Mitch Barns opened in January with: "I love my family."
Chinese telecom giant Huawei Technologies Co Ltd reassured worldwide analysts that it will maintain fast and stable growth in the coming years, despite facing a lot of uncertainty in the North American market.
PepsiCo was the biggest winner at this year's Superbrands China, which marked its 20th anniversary in Beijing and Shanghai.
WH Group Ltd, formerly known as Shuanghui International Holdings Ltd, said on Wednesday that it will reduce and postpone its Hong Kong initial public offering.
Yum Brands Inc saw a strong recovery in China in the first quarter, while McDonald's Corp is speeding up its franchising operations in the country to catch up with Yum's market share.
China will strive to reach the "high-income club" by 2020, a senior official said on Wednesday.
China's economic growth will probably slow further throughout 2014, after first-quarter GDP expansion dipped to the lowest level in 18 months, researchers with the Economist Intelligence Unit said on Wednesday.
There will be an oversupply of office space in China in the coming three years, with second-tier cities being hit first, industry analysts said.
Slower Chinese growth will see US companies cut investment in the world's second-largest economy, the American Chamber of Commerce in China said on Tuesday.
High-technology investment from China into the United States is headed for a record high this year, a survey has found.
Growth in retail sales is expected to be flat this year at 13 percent, with most of the momentum coming from rising incomes and relaxed one-child policies, according to a retail industry report from a government think tank.
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