Financial losses caused by cybercrime have soared in China and across the world this year, caused mainly by a lack of security strategies by many companies, according to global accounting firm PricewaterhouseCoopers LLP.
Transformation and upgrading are the buzzwords in the jewelry industry in Guangzhou's Panyu district, a key center of China's diamond industry, as exports falter and costs rise.
Equities in the Chinese mainland rose for a fifth day on Wednesday as financial companies rallied on hopes that an interest rate cut will boost earnings, while industrial shares gained on prospects for increased investment.
China has levied about $137 million in back taxes on Microsoft Corp in the first major case concerning cross-border tax evasion in the country.
Chow Tai Fook Jewelry Group Ltd plans to open new stores outside its main markets of Hong Kong and the Chinese mainland, as it chases new customers.
PetroChina Co Ltd, the country's top oil and gas producer, plans to sell 35 percent stakes in two of its major oilfields to private investors, in an attempt to introduce mixed ownership of its assets.
A growing appetite for red meat in China has made the country the largest market for sheep meat exports, and the second-largest for beef exports from New Zealand.
The catering industry has seen stirrings of recovery after struggling through the government's austerity campaign, but further innovations in services are necessary, the China Cuisine Association said on Wednesday in its annual report.
Chinese law firms and their overseas counterparts will be allowed to cooperate on international legal cases in the China (Shanghai) Pilot Free Trade Zone, as part of the process of opening up the country's legal services market.
Pharmaceutical companies, especially multinationals, are looking for new ways to boost sales as China continues to crackdown on corruption.
Xue Hui has been involved in the jade trading business in Southwest China's Yunnan province for 21 years. After quitting his job at a State-owned company in 1993 due to the low income it provided, he thought life would be better for the family trading in jade with Myanmar.
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