State Council approval to create world's fourth-largest container operator
Sportswear giant Adidas Group AG said on Thursday that it would start sourcing more products from countries like Vietnam, Cambodia and Indonesia to offset the pressure from higher labor costs in China.
Before betting on China's ambitious plan to overhaul some of its gigantic and loss-making State-owned enterprises, investors need to be aware that such reforms often come at a price, experts said on Thursday.
China's largest mobile phone retail chain, Beijing Digital Telecom Co Ltd, announced plans on Thursday to open 3,000 stores in at least 10 countries over the next five years, to expand its business to Africa, South Asia and Latin America.
There's been a ton written this year about the very rosy future of golf in China, with its numbers of players growing like never before.
It has taken a slump in the property market, a white-knuckle ride on local shares and a currency devaluation, but China's retail investors are finally taking a serious look at overseas stocks and bonds.
Emerson chief proud of his vision to expand giant's business into Asia decades ago
The gold and diamonds of Cartier jewelry are so popular with women that the brand founded in Paris in 1847 is finding it difficult to market watches to men.
Postal Savings Bank of China Corp Ltd, the sixth-largest commercial lender in China by assets, said on Wednesday that the China Banking Regulatory Commission has approved the bank's plan to raise as much as 45.1 billion yuan ($7 billion) from 10 strategic foreign and domestic investors ahead of a possible initial public offering.
Work on the sixth unit at the Fuqing nuclear power plant in Fujian province is expected to start later this month, officials said on Wednesday.
Huawei Technologies Co Ltd has turned to a former Nokia and Lenovo executive to steer and maintain its edge in the highly competitive smartphone market.
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Raymond Zhou
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Chen Weihua
