Nissan-Dongfeng JV 'facing penalties'

Nissan Motor Corp's joint venture with Dongfeng Motor Corp is facing an antitrust investigation and penalties are likely to be announced soon, according to sources close to the issue.

Yuan to be freely convertible soon in Shanghai FTZ

A senior central bank official said on Thursday he expected the Chinese currency to be freely convertible soon in the China (Shanghai) Pilot Free Trade Zone, as a pilot program is set to open the country's capital account.

Xiaomi moves further up the wearable ranks

Xiaomi Corp's 79 yuan ($13) fitness band has propelled the Chinese company to the top rungs of the global wearables market and made it the second-largest player, an industry report said on Thursday.

When dealing in debt, normal rules don't apply

Years after college, I still remember a sentence that vividly captures the relentless skepticism a journalist is supposed to embrace: "If your mom says she loves you, check it."

What's news

Governments and policies

Quotes of the day

VAT net to be widened to realty, finance and consumer services

The government is likely to come out with a fresh value-added tax reform plan for the real estate, finance and consumer-oriented services industries next month, ending the three-year reform on all service industries, according to unconfirmed reports.

Finding the right formula for growth

Unlike most of his peers, Albert Heuser is rather proud of the recent transformation that BASF SE, the world's largest chemical maker by sales, has achieved in China.

On work and life

What is the best way to break the ice with Chinese businessmen?

Sony CEO Hirai's strategy questioned by former executive Iba

Kazuo Hirai is being criticized by a former Sony Corp director who said the company's chief executive officer is abandoning its traditional engineering focus.

Tax pacts to make going global easier

Companies can face hefty expenses, and many aren't fully familiar with their rights, says official

Shanghai port group eyes German assets

Shanghai International Port Group Co Ltd is seeking a stake in the Port of Hamburg, the world's largest free port, German newspaper Hamburger Abendblatt reported on Wednesday.