China's stock markets took a roller-coaster ride on Monday in response to last week's unified standards set by the central bank for asset and wealth management products across the financial sector.
The new draft regulations for financial institutions' asset management business will lead to further differentiation among banks offering such services, academics said.
China's sharing economy has just been taken to a whole new level by Zhima Credit of Ant Financial, Alibaba's finance arm, making it even more citizen-friendly.
BEIJING - US electric automaker Tesla Inc has been in the media spotlight in the past few weeks for something still uncertain: whether, and when, it will build its first car factory in China.
BEIJING - As China opens up its financial market to the world, global investors are increasingly adding Chinese stocks into their portfolios.
Chinese middle-class affluence is helping revive the local market for dishwashers, a product that never really took off in the past.
For some it may be hard to believe that this used to be a stud farm. Now, where the best of the equine world once produced their progeny, it is fine art that holds sway.
Private collecting has thrived in the mainland over the past 30 years. More people are buying artworks for cultural appreciation, to showcase their wealth and social ranks and as a financial investment.
Infant formula and milk powder producer China Feihe International has seen sales of its high-end infant milk formula products grow 200 percent in the first half of 2017 over the same period last year, an indicator that Chinese consumers have gradually recovered their confidence in domestic baby formula milk brands.
SHIJIAZHUANG - Li Cuimin, an employee of an automobile sales service shop in Shijiazhuang, capital of North China's Hebei province, still remembers the difficulty she had when trying to apply for a business certificate.
The booming technology of virtual reality could bring about revolutionary change in the medical field, though VR still faces huge challenges, experts said.
Volvo Group will step up efforts to tap China's commercial vehicle market as trucks are getting autonomous and connected to the internet, a top official said.
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Raymond Zhou
Op Rana
Berlin Fang
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Chen Weihua
