Positive 2016 sales results have given Volkswagen Group new momentum, thanks to its speedy expansion in the Chinese market. But, the automaker also reported shrinking profits as heated competition dragged down market prices.
Public relations managers for automakers probably experienced their most nervous night of the year on Wednesday, but they must have given exclamations of joy when their prepared news release was balled up and thrown into the garbage.
China is now the largest market for most of the premium car brands that typically spring to people's minds: Porsche, Jaguar Land Rover and Lincoln, not to mention the German giants of Audi, BMW and Mercedes-Benz.
President of the United States Donald Trump is laying out an explicit quid pro quo for automakers: He'll cut them a break on environmental standards and wants more hiring in return.
For 76-year-old Zhang Baohua, skiing has been a daily routine during the snowy season in China's Xinjiang Uygur autonomous region for six years.
Blessed by palm-fringed beaches and balmy weather, the island province of Hainan is fast becoming known as "China's Florida," drawing masses of retirees fleeing the biting cold of their hometowns.
Chinese entrepreneurs' "secrets" were revealed at a London Book Fair event on Tuesday night, where publishers offered a sneak preview of a series of books about China's most revered business tycoons.
Overall revenue generated by China's publishing industry has grown by more than $100 billion since 2011, partly as a result of international collaboration, according to figures revealed at the London Book Fair on Wednesday.
Bao Hua has three priorities for 2017: to open the fifth branch of his fine dining chain in Shanghai, to keep perfecting his signature red braised pork, and to build a running track for some 50 pigs at his farm in Chongming island.
Gianmarco Meli grew up in Sicily, he says, "but I did a student exchange in Sweden and I loved the experience of living abroad."
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Raymond Zhou
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