A free trade zone in Fujian province will help attract further investment from Taiwan and boost sectors such as communication, transportation and tourism.
The China (Tianjin) Pilot Free Trade Zone will play a major role in the "Belt and Road Initiative" when it is unveiled on Tuesday, boosting economic growth in the region.
Financial service companies expect the pilot free trade zone in Guangdong to play a key role in fostering innovation and boost business with its close proximity to Hong Kong and Macao.
S&P economist warns that excessive concern over 'moral hazard' could trigger a financial crisis
The fast-growing Chinese market has been one of the important factors boosting the British car sector in recent years. A strong brand heritage and government support have helped British cars win acceptance in China and made the auto industry boom again.
The transition to green socio-economic development in China is in progress.
Hedge funds, large speculators continue to bet against the euro
Russia's economy showed signs of recovery in the first and second quarters amid a declining dependence on oil, Russian Deputy Prime Minister Arkady Dvorkovich said.
The nation's ongoing austerity and anti-graft campaign has taken a bite out of the sale of luxury liquors, but a middle class surging in size and with an increasingly mature palate is developing a taste for spirits.
As the anti-corruption campaign and austerity policies continue in China, sales of imported spirits are slumping. However, Western spirits producers remain optimistic about the future of the market, and are shifting their focus from high-end drinkers to young Chinese born after 1980 and the country's growing middle class.
Although the cognac market in China remains weak due to the ongoing austerity campaign, LVMH-owned Hennessey chose China's southern city Guangzhou as the first stop of a global tour to celebrate its 250th anniversary, hoping to tap into the country's expanding middle class.
Bartender Zhang Chi stands behind a bar counter and pours rum and other ingredients into a shaker. After mixing the cocktail, he begins working on another drink for guests.
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