Hotel investments have showed a remarkable resilience in China this year, notwithstanding the sluggishness in the commercial property market and the ongoing government crackdown on corruption, a report said on Monday.
Editor's Note: The central bank announced an asymmetric cut in benchmark interest rates on Nov 21 - the first reduction since June 2012. The one-year lending rate fell 40 basis points to 5.6 percent and the one-year deposit rate went down 25 bps to 2.75 percent. The People's Bank of China also advanced its interest rate liberalization agenda by authorizing deposit rates that are 20 percent above the benchmark rate, up from the previous 10 percent. Observers are seeking clues as to when and how the central bank will further ease monetary policy, liberalize interest rates and accelerate financial reforms. Several economists and analysts provide their thoughts on these matters here.
The internationalization of the renminbi represents a huge opportunity for Chinese businesses and financial markets to become far more globalized. That will change the nature of global finance, said Tom Kilroy, chief of staff at Misys, a United Kingdom-based financial services software company.
The A-share market is expected to remain bullish trend for the most part of next year, as fresh capital and a loose monetary policy will help offset the economic downturn, a top brokerage said on Monday.
China is emerging as the winner from OPEC's battle with rival oil producers as the world's biggest energy consumer stockpiles crude.
As China's efforts to boost economic growth pushed stocks in Shanghai to their best month in two years, technology companies traded offshore were left out of the rally as investors see them benefiting least from the stimulus.
At a time when many Chinese manufacturers continue to struggle with export orders, leather producers in Shiling township, in the Huadu district of Guangzhou, the capital of Guangdong province, are reporting a strong demand for their products overseas.
Who will be the most popular smartphone brand five years from now?
The country's enthusiasm to build its fourth-generation network is yet to translate into any sustained growth in the number of once-popular contract phones being sold to customers.
Chinese who love African culture and arts may soon find that artifacts made in Africa that they would love to get their hands on are just a few finger tips away.
Teresa Hou has just signed up her 10-year-old son for a 15-day camp to visit prestigious universities in the United Kingdom during the upcoming winter holiday.
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Raymond Zhou
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