Internet technologies will lead to new ways of making deals between overseas buyers and Chinese exporters at the Canton Fair, which has introduced an e-commerce platform to help boost trade, according to a company executive.
Editor's Note: The China Import and Export Fair, better known as the Canton Fair, is often seen as a barometer of China's foreign trade because a large number of exporters - big or small - display their products at the fair, looking for potential deals from global buyers. China Daily reporters talked to some exporters to see how they are fighting against the slowing global demand, and the organizers explained how they help exporters increase trade efficiency by introducing internet-enabled services.
Mattel Inc has set up a Play and Learning Center at Shenzhen Children's Hospital, the country's first in a hospital, as the US-based toymaker continues its efforts to promote the healthy development of Chinese children.
The export volumes of Zhejiang Huachen New Material Co Ltd, one of China's biggest curtain exporters by market share, will grow by 8 percent year-on-year to $13 million by the end of this year, thanks to its growing investment in the research and development of high value-added products.
China Minsheng Banking Corp is studying plans to set up an bad-loan asset management company, as the Chinese lender seeks ways to rid itself of some of its $5.7 billion of non-performing loans (NPLs), people with knowledge of the matter said.
China Construction Bank Corp said it has approached more than 50 companies that could convert debt to equity as part of the nation's efforts to tame an explosion in corporate leverage that poses risks for financial stability.
China Unicom Hong Kong Ltd said it expected to report on Friday an 80 percent slide in its profit for the nine months through September, due partly to higher selling and marketing expenses.
Pony Ma says that mobile tech and social networks enable everyone to participate
Arrail Group Ltd, the high-end oral healthcare provider, recently raised nearly 70,000 yuan ($10,493) in the Beijing section of the sixth national Arrail Cup Charity Golf Tournament. The event aims to help improve the oral hygiene of orphans and disabled children in Henan, Guizhou and Hubei provinces, and the Inner Mongolia autonomous region.
Chinese machinery manufacturers have found it difficult to profit from the recent depreciation of the renminbi in the short term, company executives said.
China was a strong driving force behind the setting up of the New Development Bank, or NDB, which was established by the BRICS nations last year, its President K. V. Kamath said.
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