Dalian Wanda Group Co, which controls the second-biggest United States cinema chain, is in talks to acquire a stake in film studio Lions Gate Entertainment Corp, Chairman Wang Jianlin has revealed.
Efforts by China's central bank to signal it will let the yuan strengthen, even as it grapples with a slowing economy, are being lost on currency strategists.
The future of the Black Friday shopping event appears to be online, with Chinese consumers playing a larger role.
Economic growth in China is expected to post the slowest growth rate since 1990 of around 7.2 percent in 2015, State-owned lender Bank of China Ltd said on Tuesday.
Bank of China Ltd said on Tuesday that it expects investment in the real estate sector to rebound next year, with first-tier cities being the main beneficiaries. Driving the recovery next year would be the favorable property policies introduced in the second half of 2014, such as the further relaxation of purchase controls and lower lending rates.
Wal-Mart Stores Inc, the world's largest retailer by sales, is cutting 250 Chinese jobs and closing its regional office in Dalian in an effort to improve efficiency and regain its declining market share, it said. The moves come just days after it axed 20 senior level jobs in the country.
Persistent weakness in the real estate market will dent prospects for Chinese lenders due to their large exposure to the sector, global credit ratings agency Standard & Poor's Rating Services said on Tuesday.
Initial public offering activity in China is up sharply this year, generating large gains for venture capital and private equity investors, ChinaVenture Group said on Tuesday.
Marketing professionals from China had the lowest digital mindset in the Asia-Pacific region despite the rapid development and high penetration of mobile devices in the country, a global survey said on Tuesday.
Exchange-traded fund investors are showing little confidence that the world-beating rally in China's domestic stock market will last.
The Pennsylvania Turnpike Commission is hoping to attract Chinese investors to fund half of the cost of a key connection point for the Pennsylvania Turnpike (or road toll) and Interstate 95, a major highway in the eastern United States.
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