The traditional frugality of Chinese people and their high rate of household savings are being challenged by the younger generation, who are motivated to spend with borrowed money, a new study has found.
China's State Council has asked the country's big commercial banks to set up "inclusive finance" departments by the end of the year to offer small businesses and low-income households financial services at affordable costs.
Having served more than three decades at the world's biggest oil producer, few know better than Amin Nasser about Saudi Arabian Oil Company, also known as Saudi Aramco.
E-commerce powerhouses in China are extremely bullish about strengthening trade ties and invigorating economic activities in economies along the Belt and Road Initiative, industry observers said.
Apple Inc reported a drop in revenue in China for its fiscal second quarter ended April 1, the fifth consecutive quarter of decline in the region, caused by ever-growing competition from local rivals.
China National Petroleum Corp, the country's largest oil and gas producer, has pumped the first crude oil through the China-Myanmar oil pipeline and the oil is expected to arrive in China within three weeks, the energy giant said on Wednesday.
Chinese media owners, especially the internet ones, are quickly catching up with their international counterparts in terms of advertising income.
FRANKFURT/BEIJING - HNA Group Co, the Chinese aviation-to-hotels conglomerate, increased its stake in Deutsche Bank AG to almost 10 percent, overtaking Blackrock Inc as the top shareholder in Europe's biggest investment bank.
China's effort to reduce the corporate tax burden has played a positive role in boosting economic growth, experts said on Wednesday, calling on the government to further deepen tax reform to cushion the potential impact of US President Donald Trump's proposal for massive corporate tax cuts.
American small and medium-sized businesses such as retailers of cosmetics, apparel, maternal and baby products, and health supplements and even farmers are cashing in on the huge purchasing power of China's vast and fast-growing middle class through e-commerce while creating jobs for the Americans.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
