The Chinese wine and liquor industry finally has something to celebrate after going through a revenue drought for more than a year.
The new China-led Asian Infrastructure Investment Bank is considering giving senior staff more power over loan approval than at existing multilateral lenders to speed up the decision process, officials familiar with the talks said.
The decline in average prices for new homes in China slowed in April as sales improved on better market sentiment and prices in large cities regained momentum.
Sluggish is not a new word to describe the Chinese truck industry, as the sector has been suffering consecutive drops in the past few years, both in the domestic and overseas markets. But amid the global gloom, Southeast Asia is becoming a silver lining.
E-commerce giant Alibaba Group Holding Ltd on Monday said the allegations made by leading global luxury retailers that it had turned a blind eye to counterfeiters has "absolutely no basis" and that it would fight the lawsuit filed against it in a New York court.
E-commerce giant Alibaba Group Holding Ltd has been given six months to wind down its online marketplace Taobao's operations in Taiwan after it failed to apply for the permit required for a mainland company to do business there, Taipei authorities said on Monday.
Nuclear power projects in inland regions may get more attention during the 13th Five-Year Plan (2016-20), energy officials said on Monday.
Sometimes even the best of decisions can boomerang. Burdened with overcapacity, low profitability and environmental issues amid lackluster demand, the Chinese steel industry is a classic example.
"After controls on interest rates are lifted completely, the financial market's efficiency will be increased and financial reforms deepened. The degree of China's financial marketization is now still very low, but it will be expanded in future."
Draft regulations on non-deposit-taking lenders will be submitted to the State Council this year as part of a wider effort to prevent systemic and regional risks, said a senior official.
Chinese netizens are not impressed with the "Big Three" telecom carriers' moves to reduce rates after repeated requests by Premier Li Keqiang, who has demanded better service and lower costs.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
