Baijiu maker Wuliangye Yibin Co Ltd has teamed up with United States liquor giant Brown-Forman Corp to develop new products for emerging markets and counter sluggish baijiu sales business due to the ongoing crackdown on corruption and extravagance in China.
XE Flavor Group Co Ltd, the former high-end catering and restaurant company, has sold all its XE Flavor catering services and trademarks for 300 million yuan ($48.46 million) to Shenzhen Jiajia Catering Service Co, the company said in regulatory a statement.
Brokerages in China are on a broad-based hiring spree to capitalize on booming local stock markets and a surge in new clients and trading activity.
The nation faces four key tasks in sustaining economic growth under the "new normal" situation, a top economist said.
Recent macroeconomic data show that 2015 may present challenges for an economic recovery, and it will take profound reforms to upgrade industries from low value-added outputs to higher ones.
Stocks | Huang Xiangyang
What can be a better dream for a tourist city than attracting more visitors? For Lin Yejiang, head of Guilin's tourist administration, his dream is bound to come true.
In China today, being late in development can be a fortunate thing.
Honeywell International Inc, the Fortune 100 diversified technology and manufacturing company, is targeting opportunities from the Chinese government's commitment to increasing energy efficiency and the safety of its workers, said Alex Ismail, the company's president and CEO of automation and control solutions.
Matt Trusch wanted to sell a product that is distinctively Chinese, and he figured what better way than chose a drink shared on special occasions.
Travel agencies and tourism service providers are having to raise the bar in developing some more sophisticated products and packages for China's growing number of seasoned travelers.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
