Last month, it was the purchase of a historic landmark building in Madrid; now it is waterfront property in Chicago. As part of a recent property-buying spree, Beijing-based Dalian Wanda Group Corp said it is acquiring a 90 percent stake in a project for high-end residential, commercial and hotel units in what its chairman says is the first of several planned moves in the United States.
JPMorgan Chase & Co, the biggest US bank, hired UBS AG's former China Chairman David Li to lead the Wall Street firm's operations in the Asian nation.
Online direct sales companies face a bumpy road in transforming themselves into e-commerce platforms after a third-party merchant was caught selling fake lubricants on the site of China's second-largest e-commerce company.
Factory-gate prices fell in June at their slowest pace in more than two years and inflationary pressure eased further, giving new indications that economic growth is stabilizing in China.
China seems ready to embrace the age of the robot, with exhibitors attending the three-day China International Robot Show, which started on Wednesday in Shanghai, expressing confidence in a thriving Chinese robotics industry.
Medium- and high-end department store operator Parkson Retail Group Ltd has temporarily closed one of its Beijing stores following two closures elsewhere in the country, adding to a chorus of doubts being voiced about the challenged retail format.
An increasing number of affluent consumers from China are buying property in the United States and helping prop up prices there, Bloomberg reports
Demand for high-end residential property continues to be robust in Beijing, with prices still high, said a report released on Wednesday, even as a land auction in Shanghai set a record.
Bank of China Ltd has denied media reports alleging it violated the nation's capital controls by providing services that help clients convert unlimited amounts of yuan into other currencies and transfer those funds abroad.
Survey finds Chinese currency can be handy for cross-border transactions
Tianjin will launch a pilot program for companies and individuals in the Sino-Singapore Tianjin Eco-city to conduct cross-border yuan transactions with Singapore, Tianjin Vice-Mayor Zong Guoying told a news conference on Wednesday.
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