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Governments and policies

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Trillion-yuan swap to ease local govts' debt burden

The central government has ordered a swap plan amounting to 1 trillion yuan ($160 billion) of low-yield municipal notes that will replace legacy liabilities, a move intended to ease local governments' mounting interest repayment pressure.

Affordable luxury comes to the fore

Last year definitely ended with two widely differing stories in the fashion world in China, with traditional well-known luxury brands experiencing a downturn while more affordable luxury products and fast fashion brands turning in satisfactory results.

Luxury brands lose their shine

With a slowdown in the country's economic growth and the ongoing campaign against extravagance across China, sales of luxury brands took a hit in 2014.

Sun, sand and stir-fry? Miami woos Chinese investors

Miami has a Little Havana and Little Haiti, a neighborhood known as Westonzuela and even the Venetian Islands. What it doesn't have is a Chinatown.

Rate cut offers brief relief

China's stock market may rebound slightly after the impact of a further easing in monetary policy is felt, but long-term expectations of a further slowdown in economic growth are likely to moderate the uptrend, according to experts.

Express delivery firms veanture overseas

Along with rapid growth in e-commerce, the country's express delivery companies are expanding onto the turf of their international counterparts in cross-border services. What comes first is the battle for international talents.

Time for Chinese brands

At a time when Chinese sportswear and casual attire makers were busy clearing their inventories due to a less clear-cut brand orientation, China's domestic high-end designer brands seem to be enjoying better fortunes.

Living in the lap of luxury

The luxury malls of Beijing are enticing and warm, with carpets so plush they yield underfoot and shop assistants as exquisite as the items on sale. Some shops do not display prices at all, others display merchandise behind locked glass doors, and assistants wear gloves when presenting goods to potential buyers.

Major events in your own living room

Imagine sitting on Center Court at Wimbledon, ringside at a Las Vegas heavyweight boxing title fight, or among the VIPs at an NBA game - all from the comfort of your own home.

Evans, Cisse charged over spitting incident

Manchester United centerback Jonny Evans and Newcastle United striker Papiss Cisse have been charged over allegations they spat at each other, the Football Association announced on Thursday.