Many labor-intensive manufacturing industries in China have declined with the country's economic slowdown. But China's textile and apparel industry is determined to resist the trend by becoming more efficient, innovative and environmentally friendly, according to the industry's 2013-2014 social responsibility report.
Markus Lehni travels at least once a year from Switzerland to Southwest China's Sichuan province to check on the millions of trees his company planted in remote mountain regions as part of reforestation projects that started four years ago.
Private enterprises from China have made significant advances in generating economic value and toward philanthropy, said a report on the corporate social responsibility accomplishments of such enterprises.
Cathay Pacific Airways and the Hong Kong Committee for The United Nations Children's Fund raised HK$13.1 million ($1.69 million) last year through "Change for Good", the airline's in-flight fundraising program that collect donations from passengers.
Jack Ma, founder and executive chairman of Alibaba Group Holding Ltd, made an unscheduled appearance at the company's roadshow in Hong Kong on Monday, although there was little need to woo the big Hong Kong investors that have allocated huge sums to subscribe to the e-commerce company's initial public offering.
Chinese e-commerce giant Alibaba Group Holding Ltd has been in the limelight recently with its much-anticipated initial public offering of shares in New York. But its chairman Jack Ma has also been busy making trips to countries like South Korea to expand the company's flagship e-commerce business.
Dai Haibo, deputy chief of the China (Shanghai) Pilot Free Trade Zone's management committee, has been removed from his post because of alleged disciplinary violations, State media reported on Monday.
China's largest steelmaker, Hebei Iron and Steel Group Co Ltd, will take a controlling stake of 51 to 52 percent in Swiss-based steel trader Duferco, a move that signals China's determination to offset pressure from domestic overcapacity, experts said.
The People's Bank of China, the central bank, said on Monday it had appointed Bank of China, the country's main foreign exchange lender, as the yuan clearing service bank in Paris in the country's latest move to expand the offshore yuan market. The People's Bank of China made the announcement in a statement posted on its website, www.pbc.gov.cn.
The Hong Kong Monetary Authority is setting up a 10 billion yuan ($1.6 billion) repurchase facility to ensure an adequate supply of China's currency as the city's investors gain greater access to Shanghai's stock market.
When Premier Li Keqiang spoke at the World Economic Forum in Tianjin last Wednesday, he probably already had economic data for August, which had not yet been released, in mind. He said the government would not be distracted by short-term fluctuations in individual economic indicators and would maintain its focus on structural adjustments and dealing with long-term issues.
The buildup of China's local government debt is a constant source of worry for China watchers, but it can also be an opportunity for private investors.
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