Three years ago when the Chinese government ordered a stop to lavish spending by government officials, it was not just sales of ornately wrapped mooncakes and hard liquor that took a hard hit.
An Australian global wine conglomerate is at the forefront of a new way of selling wines in China, one that cuts out intermediaries and takes wine boxes from vineyards and puts them straight into the hands of retailers.
Spanish wine is set to come in second behind French wine in terms of foreign wine consumed in China last year, according to a study by Vinexpo and the International Wine and Spirit Research.
Greece agrees to sell 67% of Piraeus port to COSCO Shipping for $402 million
Hyatt Hotels Corporation is warning any guests who visited their 22 hotels in China between August and December last year to check their card records, after evidence emerged of possible unauthorized access to its payment card data.
Leading industry experts expect the chip-making industry to continue attracting more overseas investment, including from Taiwan, one of the mainland's biggest technology suppliers.
When they become available, smog-hit Beijing might like to review them. Beijing and New Delhi, besides being national capitals, are comparable in terms of population (22 million and 16 million) and the number of motor vehicles (9 million and 7.5 million).
Revenue growth slowed for United States-based companies in China last year, though a large number of them managed to remain profitable, a new report said.
Ericsson to leverage its rich heritage with growing demand for data services, says top official
Adidas AG's incoming chief Kasper Rorsted faces major challenges when he takes over as the global sports brand's new CEO later this year as the company struggles to catch up with arch-rival Nike Inc, analysts said.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
