While most people will return to their hometown for the traditional family reunion during Spring Festival, Li Shangjie, a 79-year-old retiree in Qinghai province, had flown with his wife to Haikou, capital of Hainan province.
It used to be burdensome for many Chinese to return home for the annual Spring Festival. They had to lug along gifts - some of them heavy - for their parents and relatives.
Han Peng, a farmer from Yangyuan county, Gansu province, had never heard of online financing or peer-to-peer platforms till the day he happened to walk into one.
Increasing confidence in personal data security and rising disposable incomes in China offer local companies a "great opportunity" to become worldwide leaders in the new wave of consumer technology, according to consultancy Accenture Plc.
Consumer goods giant Unilever Plc said that its newly opened global manufacturing base in Sichuan province would play a key role in its China operations and serve as a vital conduit for expansion into the third- and fourth-tier cities of the country.
The long-anticipated detailed rules for capital-account transactions, which will allow companies operating in the China (Shanghai) Pilot Free Trade Zone to borrow abroad under a simpler regulatory regime, have been released.
Firms need clear rules, certainty to remain in compliance with tax law, says expert
The nation is paying a price for economic structural adjustment, reflected in commercial banks' surging nonperforming loans. To avert further risks, the People's Bank of China may take measures to control the expansion of debt.
Underlying deflationary pressure has risen in China, with the Consumer Price Index easing to the lowest 0.8 percent last month since November 2009.
It was only a few months ago that Alibaba Group Holding Ltd's initial public offering on the New York Stock Exchange raised a record $25 billion. It seems like a long time ago right now.
Renewables expected to make up 15 percent of nation's energy mix
After stumbling out of recession last quarter, Japan's economy looks set to do something familiar this year: slumber.
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