Glencore Plc, the commodity trader and miner headed by billionaire Ivan Glasenberg, reported a 56 percent slump in first-half profit as its trading unit failed to offset a Chinese-led drop in raw material prices.
Jack Luo, a salesman at a German auto dealership in Beijing, plans to start looking for another job after four of his friends left to join other companies.
For a decade, Cathay Pacific Airways Ltd has benefited from China's economic boom. But now the yuan currency depreciation and slowing growth are presenting a number of new challenges.
Company's move highlights growing demand for jobs at Internet startups
LeTV Holdings Co Ltd on Tuesday unveiled its cloud-computing strategy, pledging to build a global content distribution network that specializes in live video streaming.
Share prices plunged on Tuesday as jittery investors resorted to huge sell-offs on concerns that the government has halted its plan to buy equities to stabilize the market.
The wealth of middle-class families in China has shrunk substantially as a result of the recent stock market crash, said a report published by the China Securities Depository and Clearing Co Ltd.
Personal investable assets are expected to grow by 13 percent annually to reach 196 trillion yuan ($31 trillion) in the next five years, a new report said.
These really are the best of times for urban residents, who can tap an app on their smartphones to get almost anything they want, and at bargain prices.
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Raymond Zhou
Op Rana
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Chen Weihua
