Every year, as parents select the Christmas toys that could make them the world's best Mom and Dad, few will realize that the machines that made them, or the workers that packed them, were probably from eastern China.
While many people in China got ready to celebrate Christmas Eve on Wednesday, decoration sellers said they had found it hard to enjoy the festive atmosphere after noticing a serious slump in business, which many blamed on the ongoing anti-corruption campaign.
China plans to expand a trial program to allow the creation of private banks and ease the entry of private capital into the banking sector next year, the China Banking Regulatory Commission chairman said on Tuesday.
The government's move to ease import restrictions on genetically modified corn may drive down domestic prices for the crop, which is already uncompetitive on the international markets, raising concerns among local farmers struggling with rising planting costs and low profits.
Smartphone shipment growth in China will plummet by more than half to 7.8 percent next year, the first single-digit level since 2009, an industry report has warned.
Samsung Group, the South Korean electronics giant, plans to send more than 120 company experts to China in 2015 to stimulate its flagging smartphone business in the world's top consumer electronics market, according to media reports.
China UnionPay has issued more than 10 million cards in South Korea jointly with local credit card institutions, a figure that makes UnionPay the top foreign card brand in the South Korean market.
The Nicaragua Canal project, officially launched on Monday, is set to spur the economy and potentially turn the country into a Central American trade hub, experts said.
Hoyts Group, Australia's second-largest cinema operator, said on Tuesday it has been sold to a Chinese billionaire with strong ties to the diversified conglomerate Dalian Wanda Group.
Yunnan's coffee industry, buoyed by high global prices, aims to more than double its output by 2020, according to the province's coffee association.
As Hong Kong wraps up its best year for initial public offerings since 2010, the city's bourse is notching up a less flattering milestone: listings of overseas companies have almost evaporated.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
