A United States government panel has dropped its objections to the acquisition of a US insurance company by a Chinese investment firm best known for its commercial real estate projects.
Beer sales in China and stock prices of Chinese brewing companies rose ahead of the 2018 FIFA World Cup, which will be held in Russia between June 14 and July 15.
China's television sales are expected to increase 10 to 20 percent during the 2018 FIFA World Cup period from June 14 to July 15, with large-screen and high-definition TVs favored by consumers, an industry insider said.
Russia is expected to be a popular destination for Chinese tourists this summer. Sporting action, cool weather and its visa-free policy during the World Cup will help the country boost tourism.
Dutch life and materials sciences company Koninklijke DSM NV, known as Royal DSM, is committed to better serving China's rapidly changing market by localizing its research and development, according to its China president.
ISACA, formerly the Information Systems Audit and Control Association, said it sees great strategic importance in China, especially its cybersecurity sector, and has increased its investment in the country by establishing a Beijing office to support the nation's digital transformation and business technology workforce.
French spirits maker Pernod Ricard SA - the owner of Martell cognac, Chivas Regal whisky and Absolut vodka - is banking on China's growing middle-income earners and the younger generation to double the size of the market for international spirits in the country by 2025.
Thanks to a recent $500 million B round of fundraising, automobile startup Byton will accelerate its production, and research and development of China's first vehicle to feature an all-screen dashboard.
BEIJING - The rapid development of China's logistics industry has made daily delivery services quicker and cheaper, and now the world's largest delivery service market is looking to make logistics greener by reducing plastic pollution.
China's further opening-up of its financial sector is viewed positively but there are also some reservations as to how quickly foreign institutions will be able to penetrate the market, said PwC's global banking & capital markets sector leader.
Young Chinese parents are showing a growing interest in going on trips with their children, creating immense potential for customized travel products and services, an industry report indicated.
Prices of high-end properties in Beijing will see a steady rise in the second half of this year due to a supply crunch, industry insiders said.
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Raymond Zhou
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