Monetary easing is not a magic cure for China's economic malaise, as it does little to solve the chronic disease of overcapacity, said an independent report published by the Cheung Kong Graduate School of Business.
China's slowing economy, the government's anti-corruption drive and a change in consumer habits have been blamed for poor results Global confectionary companies were once surrounded by the sweet smell of success. But times are changing as major brands report crumbling sales and tumbling profits.
Global snack leader Mondelez International Inc is sliming down its corporate operation in China to cope with failing revenue and rising costs.
Large State-owned banks saw a sharp fall in net profit growth to around 1 percent during the first six months of 2015, their half-year earnings reports showed.
Mounting bad loan levels are set to add more pressure to Chinese lenders during the second half of the year, experts said.
Africa's richest man has signed a contract with a Chinese company to further increase Nigeria's cement production.
HNA Group, the owner of Hainan Airlines and a number of other aviation companies, said on Monday that it has acquired 30 South Colonnade, a landmark office building in Canary Wharf, one of London's major financial districts for an undisclosed amount.
Alibaba Group Holding Ltd, best known for connecting online businesses with buyers, is branching out in a new direction by providing top-end valet services for Chinese customers.
A national quality standard for the mother and childcare services sector was released by the Standardization Administration of China recently, which is being seen as a first step toward regulation of the "confinement nursing" market.
"China's economic fundamentals are still better than other economic powers and newly developed nations. The difficulties China face have been greatly exaggerated. In fact, China's economic growth space is much larger than other countries including the United States. The nation's business environment and competitive basis are much better than other countries."
Wang Fang cultivates an 18-hectare vineyard and winery in the shadow of the imposing Helan Mountain range in Northwestern China's Ningxia Hui autonomous region.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
