Wensli Group announced Wednesday it had named a former Hermes executive as CEO of one of its companies in a move designed to make it one of the world's dominant high-end silk producers.
China's retailers may be facing fiercer competition than ever with changes in the China (Shanghai) Pilot Free Trade Zone, market insiders said at a forum in Shanghai on Wednesday.
OAO Gazprom, the world's largest natural-gas producer, will supply fuel to China at a price close to Germany's, according to Russian officials.
Indicators are sending worrisome signals on increased cross-border lending to China's enterprises, a large portion of which is short-term and may increase liquidity tensions in the financial markets, according to reports from the Bank for International Settlements.
The free trade agreement between China and Switzerland, which came into effect on Tuesday, will help generate long-term economic benefits for both countries, top industry experts said.
Property developers in two of China's weakest housing markets are offering to buy back homes above the purchase price to boost sales as demand slows.
Two gauges of China's manufacturing sector released on Tuesday point to sustained expansion in factory activity, with government stimulus efforts paying off, according to analysts.
High-net-worth individuals are providing fresh impetus to the luxury travel market in China, reports Shi Jing from Shanghai
Amid a sluggish consumer goods market in China, foreign brands are facing pressure, with six out of 10 losing market share to their domestic rivals last year, an industry survey has found.
The General Administration of Customs said on Tuesday that Beijing and Tianjin are collaborating on customs clearance procedures, marking a giant step forward in facilitating foreign trade in the Beijing area.
Housing market progresses into 'correction phase' after two years of continuous increases, report says
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