Shanxi Coal Imp&Exp Group Co Ltd, the trading arm of the Shanghai-listed Shanxi Coal International Energy Group Co Ltd, said on Friday that it would file a 1 billion yuan ($160.51 million) lawsuit against Qingdao Decheng Resources Co Ltd, the company at the center of a high-profile commodity financing fraud at the Port of Qingdao, for missed payments.
Six affiliate companies of STX Dalian Group, the largest wholly foreign-funded shipbuilding company in China, have sought bankruptcy reorganization proceedings, a court in Dalian city of northeast China's Liaoning province said on Thursday.
Interest-rate ceilings on corporate foreign-currency accounts with balances below $3 million will end on Friday throughout Shanghai, part of a key reform expected to be expanded nationwide, it was announced on Thursday.
The insurance regulatory body on Thursday halted the sale of insurance products that carry a whiff of lottery at a time when many consumers are pressing their luck on the ongoing World Cup.
Chinese airlines consider low-cost options to counter pressure from rising prices and narrow profit margins, Wang Wen reports
China is moving to ease companies' fee burdens as the economy cools.
As long as job market thrives, no reason to worry, economist says
Second-largest aviation market drawing attention of new budget airline companies across Asia Pacific
Tim Andree, executive chairman of Dentsu Aegis Network and executive vice-president of the over 110-year old Japanese advertising giant Dentsu Inc, is used to breaking stereotypes. But it is his towering personality, both in terms of height and professional acumen that sets him apart from the rest.
Advertising expenditure in China will continue to grow at a steady clip, and post year-on-year growth rates of over 8.3 percent in 2015, compared with 7.4 percent in 2013, Carat, the leading global media network owned by Dentsu Aegis Network, says in its advertising expenditure forecast in 2015.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
