Stressed ties between China and some Southeast Asian countries haven't affected investment flows, even though foreign direct investment in the world's second-largest economy significantly eased in May, a senior commerce ministry official said on Tuesday.
Robotics companies are expected to triple sales in China to around 110,000 sets by 2020 as more Chinese manufacturers embrace the high-end growth path, a senior industry official said on Tuesday.
Banks are unlikely to face a cash crunch as the central bank pursues targeted monetary easing, reports Wu Yiyao from Shanghai
More than half of senior retail banking executives consider nontraditional financial-service providers a threat to traditional banks, while 31 percent believe they present innovative partnership opportunities.
Ministry rejects European shipping alliance plan on fair competition concerns
Chinese banks' asset quality will remain under pressure from economic rebalancing in the next one to two years and their profitability will deteriorate because of increasing interest rate liberalization, Moody's Investors Service Inc said on Tuesday at its annual credit risk conference.
Alibaba Group Holding Ltd, China's e-commerce conglomerate, disclosed in an updated filing on Monday that quarterly revenue growth slipped to its slowest pace in six years, amid concerns that the development may cast a shadow on its highly anticipated initial public offering in the United States.
Huayi Brothers Media Corp, one of China's leading private media and entertainment conglomerates, plans to acquire a 51 percent stake in Shenzhen Huayuxun Tech Co Ltd, an Internet movie service provider, for 266 million yuan ($42.7 million), the corporation announced on Monday.
Dwindling revenue from land sales and slower fiscal revenue growth may hurt local governments' ability to repay outstanding debt, a leading Chinese credit ratings agency said on Tuesday.
Chinese equities retreated on Tuesday, dragging the benchmark index down the most in a month. The decline was led by heavyweights, including banks and oil companies, just a day ahead of the scheduled restart of new share issuances after a four-month hiatus.
The government of Guangzhou is planning to strengthen economic and cultural ties with cities and countries on the so-called maritime Silk Road.
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