Just a year and a half after opening its first free trade zone in Shanghai, China is now liberalizing its offshore borrowing for firms registered there. The China (Shanghai) Pilot Free Trade Zone was originally billed as a three-year trial, but China is forging ahead, and will expand Shanghai and launch three new zones in Tianjin in northern China, Fujian in the southeast and Guangdong in the south in the near future.
Serena Williams lifted the lid on her 2001 Indian Wells final on Thursday, calling it one of the darkest days in her professional tennis career.
Victor Machin - aka 'Vitolo' - set a new Europa League record for the fastest opening goal when he scored for Sevilla after just 13 seconds against Villarreal on Thursday.
Manchester United defender Jonny Evans' decision to spit at Newcastle's Papiss Cisse during a recent Premier League clash has been branded "simply disgusting" by a Football Association regulatory commission.
The French Open is the only Grand Slam title to have eluded Novak Djokovic and the steely-eyed Serb has adopted a philosophy of reverse psychology in a bid to claim the coveted crown in Paris.
China will not change its prudent monetary policy stance, but would consider adopting a more flexible approach by tilting it toward either a tighter or more easing direction, a top central bank official said on Thursday.
The nation will launch a deposit insurance system during the first half of this year, and it is very likely to fully liberalize interest rates this year, People's Bank of China Governor Zhou Xiaochuan said on Thursday.
Weeks before Apple Inc's first smartwatch hit the stores, Chinese resellers are already selling cheap resemblances online.
In the first in a series on China's 'new normal' economy, developers and analysts say that it is tough to call the outlook for the property market, reports Zheng Yangpeng.
Vehicle producer SAIC Motor Corp Ltd and e-commerce company Alibaba Group Holding Ltd announced on Thursday they would invest 1 billion yuan ($160 million) in a fund to develop Internet-connected vehicles.
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Raymond Zhou
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