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.
Private-sector companies based in China are set to drive another strong year of Asian mergers and acquisitions in 2015 after deals hit a record this year, with consumer, retail, financial services and technology seen as the most active sectors for deals.
Chinese oil companies are being warned to be wary of asset quality before making any overseas acquisitions.
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