Travel | Zhang Chunyan
Share prices rallied to a three-year high in the Chinese mainland on Monday after the central bank cut interest rate, but doubts still remain on whether it would be enough to bolster market liquidity and sustain the bullish trend, analysts said.
The number of people showing an interest in home purchases surged after the interest rate cut last Friday, potentially heralding an uptick in a property market that was already on a tentative recovery track.
The central bank's interest rate cut on Friday, the first since July 2012, will ease the debt burden of industries struggling with overcapacity but not by enough to prompt a surge in production, experts said.
The latest round of interest rate cuts will add more pressure to the already shrinking interest margins of Chinese lenders and trigger fierce competition among them for deposits, industry experts said on Monday.
Buoyed by the rapidly expanding middle class and their growing tastes, international luxury hotel chains are now eyeing growth through expansion in the second- and third-tier cities of China.
Adveq Management AG, the global private equity fund of funds company, plans to increase its investments in China from next year, its chairman has told China Daily, a decision based on its expectation of strong economic growth in the country.
More Australian corporate borrowers are expected to issue Dim Sum bonds by the middle of next year, Bank of China Ltd said, after the first such offering was made by an Australian state government last week.
Any Chinese company, big or small, determined to establish a trustworthy presence and reputation in an overseas market should try and blend into a local market and win the trust of niche clients - and one of the world's best places to base their operation is Dubai's Jebel Ali Free Zone.
Before going to a well-known foreign English training center two years ago, the-then 30-year-old Zhou Kai was always embarrassed when anyone, especially a job interviewer, asked him to describe his English proficiency.
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