Chinese consumers are increasingly sophisticated. They travel and shop overseas. The domestic market is losing its sheen and an increase in the number of luxury products given as gifts is slowing. Possibly halting.
China National Petroleum Corp, the country's energy giant, said on Wednesday its long-term natural gas supply talks with Russia may come to a close and a contract signed soon, industry leaders and experts said. A deal has been backed by both countries' governments.
Company first carrier to respond to govt deregulation of telecom rates
Nissan Motor Co, maker of the Leaf electric vehicle, said it hopes to garner 20 percent of electric vehicle sales in China as the central government steps up efforts to cut auto emissions and reduce air pollution.
China will keep trying to boost imports as it seeks to achieve a trade balance, a senior trade official said on Wednesday.
Gefco Group, the international arm of Russian Railways specializing in automotive and industrial goods logistics, is launching a new door-to-door route between China and Europe, aiming to expand into more industries.
As China builds a new Silk Road economic belt, more than a half-dozen cities are competing for goods and investment from multinationals to boost rail operations to Europe.
Commercial banks should set mortgage rates at "reasonable" levels and grant housing loans more quickly, especially for first-time buyers, the People's Bank of China said in an online statement on Tuesday.
In a departure from their predecessors, a new generation of Chinese migrant workers is showing a greater preference for working in manufacturing rather than in the construction industry.
'New norm' of slower growth indicates the leadership wants quality, not quantity, reports Zheng Yangpeng
Alibaba.com, the business-to-business unit of the Hangzhou-based e-commerce conglomerate, said on Tuesday it will offer subsidies to encourage Chinese suppliers to use the company's online export services.
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