BEIJING - China's value-added tax reform, a key part of supply-side economic reform, has given impetus to economic growth and boosted entrepreneurship.
Most Chinese consumers are less familiar with Italian wines than they are with other foreign rivals such as wines from France and Australia, which entered the China market earlier.
Despite a ready embrace of the mobile-first approach to technology, businesses and consumers on the mainland have emerged as major targets of cybercrime.
GUANGZHOU - China is an important innovation base for the Emerson Electric Co and Edward L. Monser, president of the Fortune 500 corporation.
ZhongAn Online Property and Casualty Insurance Co Ltd saw its share price surge 15.6 percent to open at HK$69($8.83) on its first day of trading.
Mainland's State-owned insurer and financial conglomerate PICC Group's application for a public offering on the A-share market has been approved by the authorities. Any such offering, if successful, would enable the company raise more than 12 billion yuan ($1.8 billion).
Dalian Wanda Group Co's biggest unit had its credit rating cut to junk by S&P Global Ratings, raising the risk of higher borrowing costs overseas just as the Chinese conglomerate grapples with greater regulatory scrutiny.
Chinese monetary policy may remain relatively tight in the near future, as cutting the debt ratio will remain one of policymakers' priorities aimed at controlling financial risks, a leading economist said on Wednesday.
MUNICH/PARIS - Siemens AG and Alstom SA have agreed to merge their rail businesses in a deal that brings together former archrivals from Germany and France to create a European transportation giant aimed at countering competition from outside.
BTC China, one of China's largest online cryptocurrency trading platforms, ended its top-up business at noon on Wednesday, and said it would cease all transactions from noon on Saturday.
Two subsidiaries of China State Shipbuilding Corp, the primary contractor for China's naval force, halted stock trading on the Shanghai Stock Exchange on Wednesday as their parent company prepares a major asset reorganization, the group said on its website.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
