For Beijing resident Alex He, the cost of a trip to the mall can easily top $3,000. He, 29, works in the finance industry and while he doesn't regularly go shopping for clothes, "when I do shop," he said in an interview, "I buy a lot." Recent purchases include several pairs of Adidas shoes that he found at an outlet mall. He also fancies Under Armour shorts and shirts. "I used to buy a lot of luxury brands but in the last year or so I've been purchasing more of the sports brands because they are more comfortable and more fashionable," said He.
Britain's decision on Friday to leave the European Union will have only a limited effect on China's stock market this week and perhaps even boost the yuan's status as a global currency, economists told Xinhua.
The No 1 US fund with exposure to Chinese stocks is making a big bet on the country's transition to a new economy, boosting holdings of consumer and technology companies.
The woman who gave us Hercule Poirot and Jane Marple is still going strong 40 years after she died
Nine years ago Tong Xin, a graduate of the Shanghai Theater Academy who had spent three years working in advertising, decided to quit his job and pursue his passion for theater.
China's industrial robot manufacturers have significantly increased their local market share, as the country is keen on automating its production base, industry experts said.
German corporate takeovers by foreign entities have had a positive impact on the country in terms of investment, according to an executive at Kuka AG, the robotics company targeted by China's Midea Group Co.
The Asian Development Bank signed a $300-million equivalent loan facility with Beijing Capital Group on Thursday to support wastewater treatment upgrades in the western part of China.
Encanwell Environmental Science and Technology Co Ltd, an air pollution monitoring and alerting system developer in Hebei province, could never have imagined forming a joint venture with Ventilairsec, a French positive input ventilation system manufacturer, without the help of their matchmaker - Bank of China Ltd.
State Grid Corp of China, the world's largest utility company, is in talks to buy a stake in Brazilian power distributor CPFL Energia SA, according to people with knowledge of the matter.
China's stocks and currency markets are bracing for the outcome of the United Kingdom's referendum on European Union membership. Economists and investment officers are mulling various possible scenarios that might ensue if Britons vote to leave or remain in the EU.
Hong Kong stocks capped a fifth day of gains, led by banks, as Britons began voting on Thursday to decide whether to stay in the European Union. Mainland equities were dragged down by losses for material producers.
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