Global household giant Procter & Gamble Co has committed to investing and growing in China to become more high-end, officials said Monday, pushed by increased competition from local brands and premium products.
Last week in London, Wang Jianlin, billionaire chairman of Dalian Wanda Group Co, launched The Wanda Way, the English version of his book in Mandarin that has been already reprinted 15 times and sold 1 million copies.
A former leading financial specialist at the World Bank said China urgently needs to develop a national strategy on inclusive finance.
China's Internet and tech giants are driving autonomous car technology that brings 'disruptive innovation' to the automobile industry
For Nevijo Mance, a vice-president of BMW China, buying a car would always be more than just looking for mobility.
As Chinese spend on high fashion worldwide, local firms go shopping for brands to expand
Bulgari is investing more than ever in China, aiming to tap in to the growing reluctance of Chinese shoppers to buy abroad due to security fears, stricter customs checks and a devaluation of its currency.
The Bund, Shanghai's famous riverfront along the western bank of the Huangpu, attracts up to 900,000 visitors every day, but only about 10 percent of them are locals, a fact which will soon become history as a grand project is underway to commercialize the upscale area with commoner-friendly restaurants.
Ziemann Holvrieka to take on well-set firms in Vietnam, Nigeria and Mexico this year
For Chinese, online shops are quickly evolving from simply a means to get a bargain to somewhere movers and shakers can splash out on pricey clothes and accessories. According to a study published by auditor KPMG earlier last month, Chinese buyers of luxury items are increasingly favoring online retailers over brick-and-mortar stores, which will account for half of Chinese luxury spending by 2020.
Chief says China unit eyeing fast growth through e-commerce, apps and online platforms
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Raymond Zhou
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