Lender says economic recovery unlikely in forthcoming quarter
Hu Xiaolian, deputy governor of the People's Bank of China, the central bank, alerted banking regulators on Thursday to hidden risks in China's financial sector even though the assets and profits of domestic banks have rapidly grown.
Employment generation should be 'main driver of growth' for China
It is certainly a good time to be leading a private enterprise in China. We all know about the success of Chinese Internet and consumer electronics companies. But there have also been successes by Chinese private enterprises in other fields. It is hard to pinpoint how much of this has been achieved due to the reduction of some advantages to State-owned enterprises, or due to the shrinking margins of multinationals. But one thing is for sure: It is an ongoing trend that has reached a tipping point.
Smart healthcare is growing trend to spread across China and world
"Currently, too much investment flows to medical treatment sessions. However, in a smart healthcare system, prevention and rehabilitation are more important than medical treatment. Statistics say that more than 260 million people in China are suffering from chronic diseases. If we can get more investment into the prevention sector, the number of people suffering from chronic diseases will be much smaller."
Nasdaq Dubai is hoping to lure more bond listings from China, said the Gulf Cooperation Council's second-biggest trading partner after the bourse signed its first deal earlier this month with the emirate.
Snowbird AG's initial public offering in Germany was hurt by the disappearance of executives at Ultrasonic AG, a Chinese shoemaker listed in Frankfurt, according to the firm managing the IPO for the Chinese down processor.
US chipmaker said to spend $1.5b for 20% stake in parent of Unisplendour
Huawei Technologies Co Ltd, the world's largest telecommunications equipment maker, said it would invest more than $4 billion in fixed broadband technology research and development in the next three years.
Chinese banks face a "major risk" from rising nonperforming loans in the second half of the year as the economy slows, PricewaterhouseCoopers said on Thursday.
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Raymond Zhou
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