The recent strengthening of the US dollar played a key role in the drop in China's dollar-dominated forex reserves last month, but capital outflow pressure will not persist for long because market speculation is expected to wane after the US Federal Reserve makes its interest rate decision, said analysts.
Former Italian premier Silvio Berlusconi granted a three-month delay to the Chinese investment group seeking to buy his AC Milan soccer team, after the buyers failed to get authorization for the deal from local authorities, according to people familiar with the matter.
Three years after the official launch of the Belt and Road Initiative, there is much greater understanding of the opportunities that it could generate, Hong Kong Chief Executive Leung Chun-ying said on Wednesday.
China's iconic liquor brand Moutai chose the northern German port city of Hamburg, famed for its bars, restaurants and entertainment venues, to launch its campaign to bring the fiery spirit to Europe.
The European Union will likely grant China recognition as a market economy soon, former World Trade Organization head Pascal Lamy said.
I'm a platinum member of a popular Chinese booking site, spending the equivalent of thousands of dollars on travel for the past 11 months this year alone. Yet I've been excluded from its private club - I may not be able to join it in my lifetime.
China will further open up the segments of batteries of new energy vehicles and automotive electronics to foreign investment, to level the playing field in the world's largest auto market, according to a revised guidance by the National Development and Reform Commission and the Ministry of Commerce released on Wednesday.
ZTE Corp said on Tuesday it would spend up to $101.3 million to purchase a 48.04 percent stake in a leading Turkish telecom company, as the Chinese telecom equipment maker ramps up efforts to expand its business in the Middle Eastern country.
China's high-spending tourists are reaching some of the most remote parts of Europe - evidenced by the fact that the Chinese payment platform Alipay gained acceptance at more than 100 shops, restaurants and hotels in the northern Finnish city of Rovaniemi within a month.
China's aviation and shipping conglomerate HNA Group closed a $6 billion acquisition of the world's top IT products distributor Ingram Micro Inc on Tuesday.
Foresea Life Insurance Co, a unit of private conglomerate Baoneng Group, said on Tuesday it will "consolidate" its universal life insurance business to meet regulatory requirements by the end of this month.
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Raymond Zhou
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