Expanding credit and rapidly cooling economy pose challenge to tactical approach to debt risks
Chinese banks' resilience to the growing popularity of Internet finance has been "so far, so good" and sector change will come as the industry catches the trend, analysts in Hong Kong said.
Traditional banks in China are under severe pressure from the fast-growing online finance sector, which combines the convenience and efficiency of the Internet with the sophistication of wealth management products - while also offering rates higher than what bank deposits pay.
As the five rings finally blossomed during the closing ceremony of the Sochi 2014 Olympic Winter Games, television broadcasters were celebrating the breaking of yet another world record.
The Hong Kong Stock exchange denied speculation on Wednesday that a mutual market trading mechanism with the Shanghai Stock Exchange has been established.
JD.com Inc, China's second-largest e-commerce company, will be split into four different business units, a move that not only paves the way for its upcoming initial public offering in the United States but also will give the businesses room to grow.
China may sell debt and is considering other ways to raise funds for combating climate change, an official at the country's top economic planner said on Tuesday.
Intel Corp is building its first global development center for smart devices in Shenzhen, the world's largest consumer electronics manufacturing hub, as its chief executive looks for profit growth from mobile devices in a post-personal computer era.
The central government unveiled its first detailed national urbanization plan last month, which aims to allow 100 million migrant workers to achieve urban residence status (hukou) by 2020. Those newcomers will be eligible for subsidized housing and the other social benefits of city life, such as access to medical care and education.
Villages prevailed in the Communist Party of China's revolutionary discourse until the latter won the civil war over the Kuomintang by mobilizing poor farmers to besiege cities in 1949, when 90 percent of China's 500 million population was rural.
China's manufacturing sector is still suffering from weak demand, according to the latest Purchasing Managers' Index for March, adding to signs that the world's second-largest economy slowed in the first quarter.
Chinese merchants are moving into the global market via cross-border e-commerce, and their expansion into this segment will grow at a double-digit pace in the coming years, a study has found.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan