Mobile virtual network operators are expected to inject new life into China's telecoms industry rather than simply drive down service charges in the country, insiders and analysts said.
Chinese banks' bad loans hit their highest point since September 2008 amid the pressure of an economic downturn, and they will continue to rise, making it likely that more low-end, export-oriented manufacturing companies in Jiangsu and Zhejiang provinces will default this year than in 2008, financial experts said.
Bank of Communications Co said 13 of its executives have purchased 563,100 of its shares on the open market in Shanghai, a move analysts said was intended to boost confidence amid a bear market atmosphere for bank stocks.
China's stocks fell on Thursday, sending the benchmark index to its biggest loss in two weeks, on concerns that a slowdown in Asia's largest economy will hurt earnings.
Seeing business opportunities arising out of China's fast urbanization, its move toward energy efficiency and its widespread industrial upgrading, Swiss-based power and automation company ABB Group will invest at least $2 billion in the country over the next decade, according to CEO Ulrich Spiesshofer.
Chinese consumers' spending on dining, hotels and entertainment has surged more than 60 percent in the past three years because of increased overseas travel, a report said on Wednesday.
Tight credit and weak markets are pushing some property companies to the brink, reports Hu Yuanyuan
The Samsung China Semiconductor Inc held a ceremony to celebrate its new production base in Xi'an on May 9.
The investment return of China's local government debt is good, and its risk can be controlled, the chairman of the Export-Import Bank of China said on Wednesday.
Government's battle to reduce air pollution requires more capacity
Coach Inc was among the first luxury brands to come to China, selling its handbags and accessories.
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