No economy matters more to the world than China's. The expectation is that it will become the world's largest economy by 2025, doubling in size to $20 trillion.
The distribution of shares, the rules for governance and the use of capital are the main issues that the Asian Infrastructure Investment Bank must resolve well.
Sending orders for next-day delivery costs more than slower service, right? Maybe not, and Chinese e-retailers that cut their shipping time in half can win customers for no additional cost.
The current wave of corporate takeovers and mergers is set to grow as the appetite for deals among global executives hits a five-year high in the wake of the strong dollar and low oil prices, a survey found on Monday.
Coffee, last year's best-performing commodity, is now the worst thanks to the return of rains in parched growing areas of Brazil.
US military spending may be flat, but that's not proving to be much of a problem for Israeli defense company Elbit Systems Ltd.
Ferdinand Piech, the grandson of the creator of the VW Beetle and the patriarch of the German automaker for more than two decades, is losing his grip on Volkswagen AG two years before his last term as chairman ends.
The world's largest tortilla-maker has largely succeeded in its seven-year quest to earn redemption from credit-ratings companies. To bondholders, though, the company still isn't getting its due.
With the rise of the Chinese middle class, the nation's cruise market will continue to grow, and is expected to become the Asia's largest market by 2020, industry sources said.
In 2014, the number of Chinese tourists traveling abroad increased by 19.5 percent year-on-year to 109 million, topping threshold of 100 million for the first time in history, according to the China National Tourism Administration.
The surge in Chinese students studying abroad can be traced back to a June 1978 speech by veteran Chinese leader Deng Xiaoping, in which he said: "We are going to send thousands or tens of thousands of students to receive overseas education."
As the second-largest economy in the world, China is not only playing an increasingly influential role in the global economy, but also leading changes that would have been unthinkable even a decade ago. It is establishing new norms and rules in global aid and has successfully challenged the traditional aid architecture prevalent for the past half century. And the newly established Asian Infrastructure Investment Bank has displaced the once-seemingly irreplaceable US and Japanese domination of development plans for Asia.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
