The nation has the highest share of voting rights for a contingency reserve arrangement worth $100 billion agreed to by the BRICS (Brazil, Russia, India, China and South Africa) nations as it has pledged the largest amount of capital as part of its participation in the swap arrangement, said a representative of the nation's central bank in a statement on Thursday.
Yan Jiehe is often considered a different entity in the world of conventional business and entrepreneurship. The former teacher, big time developer and one of China's richest men is someone who is not afraid to speak his mind, irrespective of the stage. But the founder of China's largest private company Pacific Construction Group is also an outstanding entrepreneur and business leader known for his thoughtful, often innovative approach.
More Chinese private companies than ever are finding a place in the Fortune 500 rankings that have been dominated by the big State-owned enterprises.
Construction firm cites inability to make interest, principal payments
Revamped product lineups and improved store designs in China helped Yum Brands Inc, the parent company of KFC, Taco Bell and Pizza Hut, post a strong recovery in sales and profit, during the second quarter of the year.
IT giant Tencent and Easy Taxi, the world's biggest taxi booking app, have announced a partnership allowing WeChat users to book taxis directly via the popular messaging app, according to a press release issued by Easy Taxi in Singapore.
Energy producer China National Petroleum Corp is seeking to combine units to create a single gas company to compete with private rivals, ahead of an inflow of Russian fuel at the end of the decade, according to two company officials familiar with the project.
Uncertainties about China's economic recovery over the medium and long term are raising caution among investors about the stock market's performance in the second half of this year, UBS Securities AG chief strategist Chen Li said on Thursday.
Rising global demand for minerals unlikely to trigger major changes
Local governments in second-tier cities are rushing to relax curbs on home purchases, and some are even urging people to "buy now" as sluggish property sales undercut local fiscal revenue.
Foreign executives who want to tap into the China market and gain more knowledge about the country may apply for a specialized two-week Master of Business Administration module.
A United States court ruling in favor of China's Sany Group Co Ltd, which challenged a White House order, signals an early victory for the company and sets a precedent for other Chinese companies hoping to enter the US market, the company and analysts said.
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