Chinese outbound travelers tightened their purse strings last year as their spending on travel dropped by 17 percent amid a slowing economy and is expected to pick up next year with one-third planning to spend more, according to a survey.
The South China Sea issue will not affect economic cooperation and trade between China and the Philippines, Vice-Minister of Commerce Gao Yan told a press conference in Beijing on Tuesday.
It is perhaps the world's smallest drone. Weighing about a 10th of gram, the little flying machine, dubbed RoboBee, is two centimeters in height. At first glance, it looks just like a mosquito, and a magnifying glass is needed to observe any details.
Growth firms enter equity markets by backdoor listings
In the offshore markets for the yuan, the expectation is spreading that the currency will depreciate until there is a turning point in the global business environment. But, how quickly the will the yuan fall against the dollar? Or, how much will it be allowed to fall, based on China's overall economic considerations?
The New Development Bank announced on Tuesday that it has successfully completed its first green financial bond issuance of 3 billion yuan ($448 million), with a five-year term and interest rate of 3.07 percent - the first of its kind issued by an international financial institution.
Baidu Inc has invested in a US financial technology company to transform its massive search data into credit scores, a move to fuel its development in internet finance where the Chinese online search giant trails behind its rivals Tencent Holdings Ltd and Alibaba Group Holding Ltd.
Though China has been famous for producing high-end porcelain for centuries, Chinese ceramics manufacturers are now at the crossroads of change.
Chinese people, who are now becoming increasingly tech-savvy, are embracing internet-based medical care.
Shanghai's limited land supply for residential development and the current undersupply of housing stock have fuelled developers' expectations on further rise in housing prices. This has pushed up the prices of land auctioned recently, said Albert Lau, CEO of Savills China.
China National Offshore Oil Corporation's oil-service and engineering unit is seeking an initial public offering on the A-share market to pay for its long-term loans amid sluggish oil demand, according to a regulatory filing on the website of the country's securities watchdog.
Mainland stocks on Monday fell the most in a week, led by energy and industrial shares, after the benchmark equity gauge posted three straight weeks of gains.
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