Chinese conglomerate Dalian Wanda Group Co, whose real estate arm raised about $3.7 billion in a Hong Kong share sale on Tuesday, said it is buying a controlling stake in a domestic third-party payment platform, stepping up its efforts in the country's booming online to offline market.
GAC Motor Co Ltd, a division of Guangzhou Automobile Group Co Ltd, will increase its global presence by exporting more of its own-brand vehicles and opening overseas manufacturing facilities, a top company executive said.
The legend that a lot of people eat Chinese food at Christmas has actually been backed up by quasi-scientific data.
Editor's Note: The insightful observations on major initiatives and issues outlined in these five pages present snapshots of the major trends in 2014 and what can be expected in the coming 12 months.
As 2014 draws to a close, policymakers around the world are faced with three fundamental choices: to strive for economic growth or accept stagnation; to work to improve stability or risk succumbing to fragility; and to cooperate or go it alone. The stakes could not be higher; 2015 promises to be a make-or-break year for the global community.
In 2014, the world economy remained stuck in the same rut that it has been in since emerging from the 2008 global financial crisis.
Rule of Law should be an expression of benevolent rectitude - benevolence manifesting in fairness to all and rectitude manifesting in adherence to good rules.
China's push for the rule of law this year is unprecedented since its reform and opening-up in the late 1970s, because China's development has come to such a turning point that the country is finding it hard to sustain its stability and growth with the former rule of government power.
As an economic phenomenon, corruption can be termed a "silent killer". High corruption prevents investments from utilizing their full potential. It also prevents people from consuming various public goods to the full extent. Corruption drains public savings and reduces resources that could have been used for creating more public goods.
China's reform experience of the past 30 years tells me that real reform should be a shift in paradigm.
Being the host of several major events including the Shanghai-based Conference on Interaction and Confidence-Building Measures in Asia, and the Asia-Pacific Economic Cooperation week in Beijing, China has given full play to its diplomacy at home this year.
In retrospect, the relationship between China and the United States has basically shown an upward trend, and the bond between the two countries has rarely appeared so promising as it has since the Asia-Pacific Economic Cooperation meeting in Beijing in November.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
