They are also ready to spend on property, artwork and watches, Hurun report says
The recreation that rich people go for during their spare time can be quite economical sometimes, even if it involves something less seen in China, such as hunting.
The Chinese government vowed to continue to deepen its reforms, improve governmental functions and perfect taxation, finance and industry support policies for small- and medium-sized enterprises, said Vice Premier Ma Kai.
Delegates of the 21st APEC SME Ministerial Meetings shared their insights on the event, its organization and development trends, Ren Qi, Cang Wei and Yang Feiyue report in Nanjing.
We, the APEC ministers and their representatives responsible for small- and medium sized enterprises, held the 21st APEC Small- and Medium-Sized Enterprises Ministerial Meeting in Nanjing, China,on Sept 5,2104.
Russian state-owned holding company Rostec said on Thursday it has inked a $10 billion contract with China's Shenhua Group Corp Ltd to explore coal deposits in Siberia and the Far East of Russia.
State-run media in China are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world's biggest population to buy more stocks.
Players in the fast-evolving digital finance arena will compete on the four "commanding heights" of applications, infrastructure, platforms and channels, and traditional financial institutions need to develop a new mindset to compete, according to a report released on Thursday by The Boston Consulting Group.
The world's biggest iron ore producers are targeting record shipments as lower output costs offset plunging prices and less competitive mines shut down in China.
It is not often that you would spot the chief executive of a Silicon Valley-based company "asking" his smartphone to take a selfie of himself in a Shanghai subway car.
Domestic brands continue to hold center-stage in China's booming smartphone market with diversified products and better distribution channels, according to top industry experts.
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