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Hospitality

Prada posts 28 percent drop in profit

[2015-03-31 08:22]

Prada SpA reported a 28 percent drop in full-year profit as fewer Chinese shoppers splurged on $2,950 leather handbags and other luxury products.

Slowing growth may be windfall to Cinda

[2015-03-31 08:22]

China Cinda Asset Management Co, one of four State-owned managers of soured loans, increased its distressed-asset holdings 80 percent last year and expects buying opportunities to expand as the nation's economy slows.

Currency liberalization a slow process

[2015-03-31 08:22]

Fund outflows could undermine the economy if China liberalizes its capital account too rapidly, a senior economist has warned.

Regulatory certainty 'key' for transition

[2015-03-31 08:22]

At last week's China Development Forum, there was a consensus among international business leaders that a Chinese economy in its "new normal" of slower but more sustainable growth, driven by innovation and higher value-added activity, would be crucial in maintaining a healthy global economy.

US legal system can be a trial for Chinese firms

[2015-03-31 08:22]

As the Chinese increase investment in the United States, they are discovering the US legal system, which in turn is being schooled about an ancient culture and people. The result is a steep learning curve for both sides, according to legal observers.

Other cities can learn from London's drive for clear air

[2015-03-31 08:22]

London's strategy to become the world's first city to create an ultra-low emission zone is a valuable idea for Beijing to consider.

Surplus sparks commodity exodus

[2015-03-31 08:22]

Investors are bailing out of commodity funds at the fastest pace on record, and the exodus shows no signs of ending.

US growth may be mild, but it's also durable

[2015-03-31 08:22]

The US economy's tepid performance last quarter - a 2.2 percent annual growth rate - was typical of the economic rebound that began in the summer of 2009. Yet the sluggish pace of the recovery has a silver lining: This growth spurt has proved to be one of the most durable since World War II.