Basel committee rules tend to drive up banks' compliance costs, Shang Fulin says
An estimated 400 local employees are expected to receive pink slips
China Vanke Co, the country's biggest developer by sales, has again turned to online marketing with an unusually structured home auction that is getting a mixed reaction.
General Motors Co expects Cadillac sales in China to increase by 40 percent this year, as the US carmaker prepares to reorganize its luxury brand as a separate unit based in New York.
Brokerages get support ahead of Hong Kong exchange link
Chinese home appliance brands are expanding into European markets, a report of market research consultancy GfK said on Wednesday.
The World Trade Organization expects global commerce to grow by only 3.1 percent in 2014, down from the 4.7 percent forecast made in April, as import demand in China and other resource-rich regions weakens.
A program was launched at Guangzhou's airport on Wednesday that provides faster customs-clearing services for goods imported through online vendors, as part of the government's effort to support cross-border e-commerce.
State-owned firm says it has financial difficulties as the economy decelerates
Huaikuang Modern Logistics Co, a Chinese steel trading company, said it defaulted on borrowings, highlighting concerns that non-payment problems would spread as the nation's economy slows.
New Zealand-based dairy processing company Synlait Milk Ltd is expected to acquire 25 percent of a nutrition unit of China's largest agriculture company, New Hope Group, to gain access to the country's lucrative infant formula market.
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Raymond Zhou
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