Although relying on the spending power of mainland tourists, Hong Kong has been experiencing a number of cross-border incidents, Emma Dai reports
Ongoing experiments at the pilot free trade zone in Shanghai will determine whether China will extend the FTZ experiment to other regions, a top official of the country's top economic planner said on Tuesday.
Shanghai will host Asia's largest logistics exhibition from June 17-19 at the New International Expo Center as part of its strategy to develop the local logistics industry.
China's passenger vehicle sales accelerated in May with the highest monthly rate this year, indicating further growth in the domestic market this year.
Automotive finance companies have grown rapidly in China during the past decade with total assets expanding more than 40 times compared with 2005, a new report said.
China's largest pork producer WH Group Ltd and Mexico's leading food producer Sigma Alimentos SA have acquired a 98.3 percent stake in leading Spanish packaged meat company Campofrio Food Group SA de CV, a move to enhance WH's global expansion.
Switzerland's Schindler Group, the world largest escalator manufacturer, recently opened its largest plant in the world in Shanghai to meet China's growing demand for escalators.
China should stand firm in pushing the Doha round of talks with other emerging economies while the multilateral trade system is challenged by the growing regional free trade movement, China's ambassador to the World Trade Organization has said.
Quick measures that give services more weight in trade are needed by China, amid mounting concerns that the world's biggest merchandise trader might miss its growth target for a third consecutive year, a senior World Trade Organization official and analysts said.
Repayment pressure for local governments will escalate this year, as more debt matures, a top government official said on Tuesday.
The central bank's targeted reductions in banks' reserve requirement ratios won't revive the property sector, making it likely that developers will have to offer more aggressive price cuts to raise cash, industry analysts said.
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