Chinese companies 'need to reduce leverage'

A recent JPMorgan report recommended that Chinese firms raise external equity and improve operational efficiency to rebalance their long-term capital structures.

Baidu meals on wheels 'to go off menu'

Chinese consumers who live on cheap meals delivered to their doorsteps may see their happy days numbered because the steep discounts now offered by business operators may end soon as a result of market consolidation.

Government 'mulls' consumer tax reform

China is considering a consumer tax overhaul, according to sources, the latest indication reforms are being accelerated to help speed the shift toward a more consumption-led economy.

Policy shifts may focus on luxuries, tobacco, polluters

Industry experts say that the main purpose of the much-discussed possible consumption tax overhaul is to adapt to the upgrading of the consumption structure in China.

School return leads to shopping bonanza

As back to school shopping is officially underway, tens of millions of college students have become the driving force in the expanding shopping market, especially the online one.

China Mobile signs up 42 more partners

China Mobile Communications Corp, the world's biggest wireless telecom operator by subscribers, said last week that so far 42 companies from various related sectors have become the latest partners of its global 5G Innovation Center.

Brazil's Embraer sambas to more share price gains

Brazil's Ibovespa equity market index rose as investors piled into local planemaker Embraer SA after it announced orders from Chinese carriers - and amid speculation that supply-chain issues at its biggest rival would benefit the Brazilian group.

Program links high-tech with green finance

The first global association of high-tech, green financial enterprises was started recently by Ant Financial and the United Nations Environment Programme, to make available more green finance products. Under the strategic cooperation agreement, Ant Financial will also join the Finance Initiative project organized by UNEP.

Mastercard, CDRF push for financial literacy goal

China Development Research Foundation has collaborated with global payment company Mastercard to promote financial literacy and entrepreneurial skills in China through the CDRF's "Win the Future" initiative.

Tencent rallies forces of online charity

Internet giant Tencent Holdings Ltd launched its second internet charity day and is expected to donate the money it raised from Wednesday to Friday of up to around 200 million yuan ($30 million).

Tetra Pak plans to boost green power

Tetra Pak, the Swedish food processing and packaging giant, recently committed itself to increase its use of renewable electricity from 20 percent to 100 percent across all of its global operations by 2030. One of Tetra Pak's packaging plants in China has been playing a leading role in reaching this ambitious goal for seven years - thanks to the rapid development of two dairy companies, Yili and Mengniu, in Inner Mongolia autonomous region.

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