If a slowing economy and intensifying competition were not putting enough pressure on Chinese travel websites, now the industry faces another potential obstacle to growth: A weaker local currency.
Internet lending transactions surged to a record during the first six months of the year in China, with the bulk of the deals made through mobile devices, according to industry reports.
Last week's depreciation of the yuan stoked fears that European exports to China could be hit. As the euro and the pound strengthened, concerns started to grow that companies selling goods to the second-biggest economy in the world would see their trading margins shrink.
China's decision to press ahead with its nuclear energy program can have a positive effect on the global market.
Major foreign companies need to work harder to hang on to Chinese staff as the business environment becomes more competitive. Retaining talented employees is crucial if an enterprise wants to grow here.
Bulls and bears have dominated market conversations in the past few months, but now is the time to talk about the humble pig. It is squealing loudly for attention.
David Kynaston believes many underestimate just how Hong Kong has transformed itself over the past 35 years.
Where were the experts when the financial crisis struck? How could they have allowed it to happen?
Leveraging the potential of information technology to boost the bottom line is the sole responsibility of the IT department or is it? As quickly as social media has changed the way people interact, so too has business technology in altering the way businesses operate.
It came as no surprise recently to read that the Chinese yuan, or renminbi, as it is also widely known, is set to replace the Japanese yen to become the fourth international currency within two years.
With the recent stock market rout, unimpressive growth data, and yuan devaluation against the US dollar, the Chinese economy seems to be in a particularly difficult stage.
Anyone even marginally involved in commodities will be aware that last year's Qingdao port incident had an immense impact on the worldwide financing trade for metals. More than a year after the discovery of large-scale collateral fraud involving warehouse receipts for metal stored at Qingdao port in Shandong province, which had been pledged multiple times as collateral to raise finance, Chinese and international banks continue to take a dim view of lending to the copper industry, and the metals sector as a whole.
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Raymond Zhou
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