Company set to spend $29.5m on second overseas move after buying French cognac producer in 2013
Huawei Technologies Co Ltd, the Shenzhen-based electronics giant, is kicking off global sales of its flagship wearable on Wednesday at an industry expo in Berlin, a full six months after the device's debut.
Fears that China is heading for an economic recession have been overstated. After last week's global market mayhem, concerns from Western analysts and economists surfaced again.
China's market, the largest in the world for many consumer brands, is obviously strategically important to multinationals. For many years, leading global companies, including Volvo Group, have benefited by developing their operations through investment and cooperation with local partners.
Sustainable investing is transforming the business world. Simply put, companies that successfully manage environment and sustainability-related issues stand to see the benefits of that strategy reflected in their share price.
The country's rare earth producers say they have increased their efforts at upgrading product ranges and shifting toward downstream businesses due to a glut in supplies of the raw materials, including those produced by illegal mining.
Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co, China's largest rare earth miner normally abbreviated to REHT, raked in 3.2 billion yuan ($500.1 million) in revenue during the first half of the year, a 35 percent year-on-year increase, according to its latest financial report.
China's film industry continued to prosper during the first half of the year, driven by a continued expansion in the number of cinemas and the growing popularity of going out to watch a movie.
China Gezhouba Group Co Ltd, the construction giant which built the Three Gorges Dam, signed contracts worth 144.7 billion yuan ($22.6 billion) during the first half of the year, officials revealed on Monday.
The authorities have detained four executives from China's largest brokerage, CITIC Securities Co, a staff member of the China Securities Regulatory Commission, and a journalist from business magazine Caijing, in the latest moves to crack down on stock market violations.
The recent decision to depreciate the yuan by the People's Bank of China, or central bank, caught many people by surprise. This triggered speculation that all was not well with China's economy.
A few years ago, they were not as big as telecom-equipment provider Huawei Technologies Co and Internet giant Tencent Holdings Ltd, which had already helped build Shenzhen into a global player driven by innovation.
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Raymond Zhou
Op Rana
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Chen Weihua
